Washington, Apr. 29.
The Secretary of the Treasury, Mr. Henry Morgenthau, who is temporarily custodian of Danish and Norwegian wealth in the United States, revealed that they possessed short-term balances at the end of January to-
Figures for various parts of the British empire show steady increases of arms purchases over the last four years, Great Britain's arms purchases here rose from a mere half million dollars in 1936 to over $29 eons in 1938 and just over $20 millions in 1939. Australian purchases increased from $600,000° in 1936 to $11,469,934 in 1939 while for the same years the Canadian figures were nearly $800,000 and six millions.
The figures for the Far East show that the moral embargo in the case of Japan has been definitely effective in the-case of arms although other war supplies still are shipped in large quantities. Japan's purchases totalled nearly two million in 1937, rose to nearly nine millions in 1938 but fell heavily in 1939 to The data appeared in the Treasury's monthly summary of capital movements between the United States and foreign countries, in which formerly Scandinavian balances were lumped as "other Europe." They gave some clue to the extent of Scandinavian wealth concentrated in the United States.
According to Department of Commerce estimates, the three nations also possessed long-term investments totalling—$125,000,000 as follows; Sweden, $45,000,000; Norway, $67,000,- 000; Denmark, $13,000,000.
President Franklin D. Roosevelt, by an executive decree shortly after the German invasion of Norway and Denmark, ordered all assets of both nations "frozen" and empowered Mr. Morgenthau to license transfers of their funds for the purpose of preventing holdings from falling into German possession.
The Treasury summary showed that Britain made a heavy withdrawal in January on short-term banking funds, the total of which was $586,295,000 at the end of January, was down $60,000,000 for the month.
Britain also sold $12,365,000 more United States securities than she bought, whereas Switzerland and the Netherlands continued heavy buyers of American securities, respectively adding $4,484,000 and $1,614,000 to their holdings—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.