Rome, July 16.
Foreign press reports that Count Ciano, the Foreign Minister, and General Franco have drafted the outlines of a military and economic pact between Spain and Italy, to be signed later, are given prominence in newspapers today.
Fascist circles appear to be convinced that the existing bonds be" tween Spain and the Axis Powers will in due course take concrete form, although not immediately.
The "Giornale d'Italia" says it is written that a pact of alliance between Italy and Spain, which has not yet been proposed, will come in its own. good time, when the situation de= mands it.
It was announced today that an Italian naval mission will visit Spain to make a detailed study of the naval section of the exhibition at San Sebastian,—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.