Rome, June 18.
Fascist Italy yesterday formally announced a six-point programme of retaliatory measures to be taken against United States residents in Italy following recent freezing of Axis funds in the United States.
Ah official decree banned all Italians and foreigners, either individuals or companies, residing in Italy from paying debts owed to US. citizens and forbade them from handing over to U. S. citizens any of their belongings to be held as deposit. This article did not apply to U.S. citizens residing in Italy permanently. 3 The decree banned U.S. citizens from disposing of property, real estate, stocks, bonds or credits in Italy Italians must give a report to the Bank of Italy within 20 days of all debts owed Americans and U.S. property or stocks in their possession.
In the event of necessity because of special reasons, payments of such debts may be authorized by the Government.
Text read from the printed page and cleaned; old type leaves the occasional error.