Some financial quarters said that although there was a good possibility that Swiss assets actually contain German and Italian investments, specific. segregation of Axis from essentially Swiss funds probably would prove highly intricate because Axis. firms carefully have concealed the large volume of their assets. Many such essels also presumably have been embodied in the finanelat nationality. activities of firma of other than Swiss
Administration of foreign funds frozen in the United States since early. spring of 1940, has proven an extensive task. necessitating employ ment of about 500 extra clerks, was learned.
Wall Street sources said offectua-
Hon of President Roosevelt's order Would make it impossible for Ger many or Italy to pile up dollar balinees in the United States. Heretofore many nations have been allowed freely to handle funds which cumulated during the war, especially from Royalties on thousands of German patents used in American industry. Some of the royalty funds were fed to purchase German bonds at mere fraction of their original Presumably, compilation of the forthcoming Government inventory. of Axis wealth and other European assets in the United States will necessttate legal activities, including the taking of testimony' concerning corporations in which German funds may be aclive—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.