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Adelaide Southern Cross Newspaper Archives Jun 20 1941, Page 1

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Adelaide Southern Cross (Newspaper) - June 20, 1941, Adelaide, South Australia National Library of Australia Irish monetary policy rubbish says Christopher Hollis. Yx7riting for the London taut on T professor o Rahily Rahilly s recent Book on Money Christopher Hollis English Catholic writer of International Fame Points to a err trance Paradox provided by Irish Mone tary policy. This article is of extreme relevance to australian As Well As Irish and British finance and banking systems. T have been Reading with the very deepest interest a most excellent Book about Money that has just been published by my Friend professor Rahilly. Anything that comes out of Ireland about Money is of interest for Irish monetary policy is indeed these Days one of the primal mys teries. It would be perfectly possible to understand the Point of View of some old unionist who wished for other reasons to keep the tie Between Ireland and London As Strong As pos sible. Such a Man would naturally wish to subordinate Irish monetary policy to English monetary policy. But it is a very strange Paradox when we find men of obvious sincerity who have been willing to risk their lives to sever the tie Between England and Ireland in other matters yet unwilling even to give a vote in a division lobby to establish Irish Freedom in this most important Field of All. It is indeed strange and i do not know that even prof. O Rahilly s learning can do much to illuminate the incomprehensible for he is obviously even More puzzled at it having More occasion to meditate on it than i am. If we look at the matter from a purely English Point of View we have no particular occasion to grumble at this Irish policy. It is the policy of the Irish Banks unlike any other Banks anywhere else in the world to keep a very High proportion of their assets outside the country and in Sterling. According for instance to the figures which prof. O Rahilly quotes for the september Quarter of 1939, of the Irish Banks assets of �189 million �117 million were then held in England and in general Ireland has a sum of about �250 million on loan invested in England a sum which is never seriously reduced and does not greatly fluctuate. Thus it can be seen that a Bank in Ireland performs exactly the opposite function to that which the traditional apologia ascribes to a Bank. Instead of distributing credit where within its own area it can be most usefully employed it instead exports it and thus sees that its own area is kept starved of credit. And what is so extraordinary is that this happens on a somewhat More generous scale under the present regime than Ever it did when the British were in Power. It Means of course that we British have a free gift of some �250 millions Worth of Irish goods. Or. De Valera is it seems aware of this and does not think it very important. Person ally i agree with the Public control of credit As a principle he told the Dail but i do not think that in fact it would make a tremendous differ it is of course True that the Irish government has combined the policy of starving the country of credit with Aix economic policy of trying to fill it with new industries. It does seem that in a strange Way there is a great Lack of co ordination Between its financial and its economic policies. What is the argument for this superstition about Sterling assets one can of course very Well understand the reasons which caused a private person to invest his Money outside Ireland some 20 years ago when property within Ireland was in grave physical danger. But what May be Wise for an individual is not at All necessarily Wise continued on Page 2. Don t just say port and be disappointed stipulate Gold medal and be satisfied. Good wine is so economical today. Eire wors blockaded of All the countries splendid spirit of people. Eire s economic crisis which in the word of Eire s minister of supplies or. Sean Lem Assis of the first magnitude and the splendid spirit of the people in meeting the danger that faces them these Are discussed by the Irish correspondent to the Melbourne advocate under Date March 13. Yak thin recent weeks or. Lem ass has told the nation that it must be prepared for sacrifices if not hard ship. His message of Friday March 7, assumed an even More sombre tone. It was to the effect that the country now faced an economic crisis of the first magnitude in which hardly a Day passed without some new difficulty emerging. Avoidance of disaster he said will Only be possible through stupendous Effort by our whole the minister Laid Down three Essen tial rules of conduct if the crisis was not to end in catastrophe. The people had to produce from their own soil and sources the fullest yield of foods and materials they had to share the Burden of hardship As equitably As possible so that the weakest would be protected from destitution and they had to preserve the National Solidarity essential for their National defence. The hazards of War Are of course responsible for the increased Gravity of the situation. Half of the wheat supplies amounting to thousands of tons which the country bought abroad some time ago have been lost on the High seas and the necessary drastic cuts in imports generally affect both Tea and petrol. A further reduction in the Tea ration is probable while petrol is in such a precarious state that there is no knowing to what scant level Consumers May be forced. The immediate effect of the loss of the wheat cargoes is a reduction of one sixth in the total bread consumption. The Public have been earnestly exhorted to eschew All forms of waste and if the response is satisfactory the situation May be carried. How serious the position is May be gathered from the phraseology in which or. Lem ass addressed his Appeal Don t Cut bread until it is required and Don t throw away heels or crusts you May be glad to have them the petrol shortage has had a marked effect on the unemployment figures. Many factories have closed Down and transport concerns have had to dismiss Many men. The worst of the situation is the Small Hope of its improvement at least in the near future. Some time ago or. De Valera said publicly that Eire was the worst blockaded of any country the proof of it is now before the people. But the people know that their hardships Are helping to stave off worse evils. As or. Lem ass said the government prefers to face these problems and if necessary accept the hardships they May cause rather than risk any course which might result in these hardships being aggravated by actual physical attack upon our people. Circumstances May change and policy must be adapted As to circumstances but on the facts As we know them the policy the nation has approved the policy of strict neutrality in this conflict is in our Best he ended a recent address with an Appeal for understanding to our friends at Home and abroad and particularly in the a Little nation he said situated in the Middle of an Arena in which the Groat empires of the Earth Are waging deadly combat seeking to keep its neutrality and to protect its people against the privations inevitable from its position with no friends on Earth except amongst those of our blood who have made their Homes in other coun tries we might Well be excused if we continued on Page 2. Nazis like Folk know Don care for jesuits the belgian scene. Of much interest is the account Given herewith of affairs in Belgium and of the activities of the Catholic clergy with special reference to the jesuits whom the nazis like As Little As do other critics of the sons of Ignatius. The article in the London times of april 1 is a comment on a message by the times Lisbon correspondent. Ithe message describes the new phase of suffering which Belgium was undergoing As full military occupation gave place to the police terrorism which prevails in Germany and which gradually according to Trust worthy reports is being applied in All the occupied territories in Europe. After describing the various methods of Public and secret intimidation at the hands of . Organisations the paper goes on to say the clergy and in particular the jesuits remain the Centre of moral resistance to the enemy. The poli tical implication of their sermons Are Clear but the germans have not so far thought it Wise to take serious measures against them. Church goers Are being taught to practise patient endurance and to defend Only the inner Citadel of the spirit which is beyond the reach of the Gestapo. The mass of the people Are Brave and hopeful and Solace themselves with typical flemish jokes about their conquerors and with copying and passing on patriotic pamphlets. Passive Sabo Tage is almost Universal and some times More positive acts Are commit Ted which Call Forth Savage reprisals. When someone Cut a Telephone wire in Ypres the whole town was left without bread and meat for a fort this statement is borne out by the report of an attack made by the pro German paper pays reel of March 6, on a lenten Sermon preached by an unnamed Jesuit. The paper accuses him of replacing god s word with a political and military analysis of the future exploits of Churchill s soldiers. The Jesuit it is declared gave an idyllic picture of life in the British dominions stating that canadians new sealanders hindus and even Boers were willing to die in defence of England. This patriotic priest would wish us under his majesty s Laws the paper said and proceeded to read him a lecture on the usual lines of Axis superiority Over British plutocracy. The same attitude is supported by the pro nazi belgian leaders. Degrella the exist Leader has declared it is Hitler and sexism which priests bitterly tear with their Teeth every sunday morning in sermons full of hatred. The atmosphere created by numerous belgian priests is absolutely new Leader u.s.a., March 22.j_ Portugal s workmen discuss papal encyclicals. Phe catholics of Portugal have inaugurated the Headquarters of the portuguese Catholic league in one of the quieter streets of Lisbon in a Pri vate House converted into offices for the league. Mass was said by the auxiliary Bishop of Lisbon in a Chapel on the first floor which had been decorated with Flowers and tapestry. The Cardinal patriarch spoke after the mass. The Workman said car Dinal cer Jevia should not be considered As a machine. He must also see to it himself that he is worthy of the part in society which he is expected to the auxiliary Bishop joined the workmen at breakfast after the mass at which the reception of holy com Munion was a notable feature. Workmen go to the new Centre every evening. Every monday there is a talk on the gospel in relation to social problems and a discussion of the writ Ings of Pope Leo Xiii and Pope Pius i in which the workers Are encouraged to air their difficulties. Other conferences Are Given some in the Catholic workmen s building some in one of the larger Public Halls of the City. There is no True Friendship save that which god creates Between souls which adhere to him. St. Augustine. Vatican radio gives text of Reich labor Laws May mean end of vocations. A Vatican radio broadcast transcribed at London gave Nasi regulations for National labor Supply which Are expected to have a serious effect on vocations to the religious life in the German Reich and German occupied territories. Further Broad casts Deal with the seizure of Church properties. The text of the labor regulations in the German Reich As Given by Vatican radio is the Reich s labor minister the Reich s minister for ecclesiastical affairs and the fuehrer s Deputy have agreed in order to safeguard the necessary National labor to Issue the following regulations applying to the whole Reich s territory " a it is undesirable that people who Are fit to work should enter religious orders or monasteries and convents and thus be taken away from labor Arbetis process b whoever is already employed and wishes to terminate this state of employment in order to enter a religious order is to be informed by the office of labor that it is no longer possible to terminate the state of employment for this purpose c if anybody in agreement with the employer wishes to terminate the state of employment for the reasons stated the continuation of the state of employment must be insisted upon. If the state of employment should be discontinued All the same the office of labor must allot at once a new place of work to the former employee d the decree also applies to sons and daughters of employers if the former Are employed by the this item was read Over the Vatican City station without any introduction or comment. Still other broadcasts Over the Vatican City radio station declare that some nazi propagandists have put Forward the suggestion that Church affiliations be made to depend upon signed declarations which could be made Only when a person has reached the age of 21 years. We May easily imagine says the transcription made Public Here the intellectual Orienta Tion of a youth of 21, who has passed through the Battles of youth without the protecting shield of sacramental Grace who has been trained in the Hitler youth groups and has spent a year of work on the farm and at obligatory work under state supervision. He has a concept of life very different from the Christian another transcription says the houses and properties taken from religious communities were seized on the pretext of affording facilities for germans who had come Home and that at first a formal contract gave Legal appearance to this confiscation of religious but it is added in some regions once the religious were expelled from their Home often with Only a few hours notice and under very painful Circum stances the contract lost its value. It is feared that these houses will never return to their owners. In some places the repatriated germans have already left the houses but they have been occupied by others who Are not their legitimate owners. In other cases the religious have been driven out of their Homes without any pre portuguese Catholic press and Britain. Phe editor of Voz Catholic daily newspaper of Lisbon or. Fernando de Sousa was chairman at a dinner Given by leading portuguese journalists in Honor of or. Marcus Cheke British press attache. Great Britain said or. De Sousa is a land of Noble traditions a respecter of the political and religious liberties of other Peoples and the representative of a civilisation Akin to Portugal he said is bound to great Britain by solid ties capable of resist ing the assaults of time. Or. Cheke said that Friendship is something holy to the portuguese and he commented on the kindness and loyalty which he has always met but particularly in recent 3 Ftp

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