Foreign News: Pelf

When Germany swallowed Austria last year, the Bank of England played ball with the Nazis, obligingly turned over to them the gold it held in the name of the Austrian banks. Later, British owners of Austrian bonds had trouble getting their money. When last March the Germans goose-stepped into Czecho-Slovakia, the British Government quickly rushed through Parliament a bill forbidding British banks to transfer former Czech gold and credits (estimated as high as $100,000,000) to the new masters of Prague. Devised to protect British creditors, this measure pleased Britons more as a means of preventing the criminal from profiting by his...