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FIDTIAL
No. 3418

Habana, February 9, 1942

AIR MAIL

Subject: Cuban Peso Exchange Rate

The Honorable

The Secretary of State,
Washington, D.C.
Sir:

With reference to the Embassy's telegram No.
47 of February 7, 2 p.m., regarding the exchange

rate of the Cuban peso, I have the honor to sub-

mit the following additional information:

As stated in the Embassy's above mentioned
telegram, Ambassador Messersmith on February 7

called a meeting of the managers of the three
American banks operating in Cuba to discuss the
problem which had arisen from the fact that the
peso was being quoted at a premium over the dollar
which had reached 1 per cent and which showed an
upward tendency.

In the Ambassador's absence I presided at the

meeting, in the course of which I pointed out that
the existing situation was wholly undesirable,

particularly in view of the possibility that it

might result in impairing the Cuban public's
confidence in the dollar. As mentioned in the

295

296
Ambasay's telegram. the bank managers did

not agree thenselvos as to the cause of the

DOGO premium. The managers of the National City
Bank and the Chass National Bank more iseliand to

ettribute it to the expense involved in handing

to Duba United States currency requires to moat
the awaying demand for circulating cadin for the
magar erop. This view WBB not abored to Mr. John

Carrilor, the manager of the First National Hairle of
Boston, who seemed to fool that the expenditures involved in bringing United States currency to Cuba
should not be reflected in the exchange value of
the Cuban peso, and that the banks were not Justified in passing on to the Cuban public the charges
incurred in importing United States currency which
consisted largely of dollar deposite made by their
Ouban depositors, which deposits the banko had placed
abroad for their own convenience. Mr. Carrikor OXpressed the opinion that if the banks made only a
nominal charge for bringing United States currency in
to Cuba, and if they discouraged their clients from
reaching for Cuban pepos and advised their to use
United States currency (which has unlimited legal
tender value in Cubs) when paying salarian and other
obligations, the situation would soon be reatored to
normal. He said that he had endeavored without musDOES to induce the other banks to adopt such B policy.

It was pointed out that the situation had been
adversely affected by the fact that collectors of

postoffices, and other Government agencies
and, in Home instances, been refuning to accept

dollars in payment of taxes, etc. in spite of the
foot that the dollar, as already mentioned, is legal

tender here. It was agreed that staps to remedy this
situation would have to be taken immediately and that
the situation could be further improved if the Governmont, instead of trying to exchange dollars accurulating in the Exchange Stabilization Fund and in the
Cuban Treasury for peeca, used them to meet Government

payrolls and other Government obligations.
This matter was discussed by the Commercial At-

tache with Dr. Oscar Sarcis Montes, the Vinister of
Finance, and the Minister assured him that all taxcollecting agencies of the Government and been instructed by telegram to accept without reservations
United States currency in payment of all Government
taxes. He also said that beginning February 9, 1942,
the Government would issue indistinctively dollar and

School in payment of a relation

the / at USA toI the Street

accounty US leven Apairable, ax E 1010 SALE with and
foresting
have
Paid
etabiliting

the Sigiation 41.65 the that one

Government startly Co issue walking

of your certification apartnet as 100 3020 and

guid 62 coverage shop the Lives current

by the financial siscione a as 203

SYOS want the adidas of the property 1.00 and

be.

There is attached 0 from tolloy's

OWB of 21 Orisol indicated the seriousness of

the problem concribed above, It will to noted thores
from that singer with workers in the violation of Crusse
in the Province 12 2000 Villag are refunding to accept

dollers in of their vages, isn the ground that

merchasts are accepting dollars only as RB pax GOODS

discounts there 10 ilog enclosed B clipping the

February 7. 1942 Sames of Presse which contains
an article protesting adidas the allegal strengts of

the Eptional Otty and other backing Institutions

to total $0000 shooles in Bollars at DON and claims
that depositors axe entitled to deased payment In
peece applient their Dass daposition Wille this

particular artistic mean not to Lotto the
It above that the collet discount in beginning to be
prominently featured in the local present

With regard to the problems 1% is with

ficult to occape the concincion that the DOBO

may have been the xerals of monicolation. Which
bank OT banks have been responsibis Maratos Xu 4124

finult to determine but to so the opinion

that the attitude alopted by the Fiest Drake

of Boston in to be competed stall what is the other

banks bed bakes a sinilar the entire

you'd never have arian Fortunately, however the

dollar appreciably tother probably as

a

result or the above Mentioned zeeling and of the

manuaran
in the 310. AT
are at the alone w sociale nonentions the

2000 828 (Lad/Lined to only about 1/4 or 1 per

ami and the Department can 206 in the
sy's Was FI3 of February 3, 1943, 2 year

Mention MSB nine made is telegra 20 50 of the AM

houseed insention of the Daban Government, 80

in the lookl on Followers 5, 1942, to Space up
30 million

298

20 million sdditional Donn certificates.
The Department will to proantly advised of

BEY further significant developments in the mitter.
Respectfully yours,

Milla 0. Bridge
Charge d'Affaires ad interis
Enclosures:

1. From 21 Crisol, February
9. 1942

2. From Prenan Libre, February 7. 1942

File No. 851.52

Copy:

eh: 2-20-42

299

FEB

1942

Dear Mr. Jones:

For the Secretary receipt is acknowledged of your letter of

February 16, 1942, with reference to the arrangements for Defense
Supplies Corporation financing the molasses portion of the Cuban

sugar purchase outlined in your letter of February 6th. It is

noted that by reason of the cooper tion of the Treasury in making

available its depositary facilities in Cuba, as suggested in the
Secretary's letter of February 7th, it will be possible to hold

the service charge for disbursement of funds against warrants in
Cuba to 1/10 of 1%, plus the actual cost of transporting the our-

rency necessary to meet the payments in Cuba.

In accordance with your suggestion, the Treasury is proceed-

ing to perfect arrangements directly with the three banks. The

National City Bank already has been design ted FL depositary of
public moneys and e shipment of currency in the amount of $3,000,000
to the Havana brench of that bank has been authorized. Arrangements
for the designation of the Chase National Bank and the First National

Bank of 3oston will be perfected shortly. Due to present transports-

tion facilities between the mainland and Havana it has been considered

desirable to arrange for a fairly substantial shipment of currency
in the first instance in order to avoid the necessity for making
0 number of emaller shipments which probably would have to be for-

warded by nir mail with resultant increase of cost.

Your agreement to reimburse the Treasury for notual cost of
transporting the currency to Cuba has been noted. In this connection the Treasury is initiating an arrangement whereby the requirements of the three banks in Havena will be coordinated in order that
the shipments of currency may be held to a minimum and will communicate with the Defense Supplies Corporation in all cases preliminary
to authorizing such shipments.

It is noted the date of

also that the Defense Supplies Corporation will
pay the banks interest on the funds outstanding from
disbursement to August 31, 1942. at the rate of 1/2 of 1% per annum,
from which date the rate will be 3/4 of 1% per Annum unless the
arrangement is terminated or re-negotiated. I understand that the

300

-2banks involved requested an interest rate of 3/4 of 1% for the
entire period and is the circumstances the compromise effected
seems to be entirely reasonable.

Very truly yours,
(Signed) D. W. BELL

Under Secretary of the Treasury.
Honorable Jesse H. Jones,

Administrator.

Federal Loan Agency.
Washington, D. 0.

EDB:CM 2-17-42

301

C

0

P

Y

FEDERAL LOAN AGENCY

Washington

February 16 1942
Dear Henry:

I have your letter of February 7th, advising
that the Tressury has no objection to the arrangements for Defense Supplies Corporation financing the relasses portion of
the Cuban sugar purchase outlined in my letter to you of Feb-

ruary 6th, also suggesting a plan whereby the heavy insurance
charges for the transmission of currency to Cuba may be evoid-

ed by the Treasury utilizing depositary facilities of the three
banks - Chase, National City, and First National of Boston and transmitting the currency under the Government Losses in
Shipment Act.

By reason of the cooperation of the Treasury

in this regard, it will be possible to hold the service charge

for disbursement of funds against warrante in Cuba to 1/10 of
1% plus the actual cost to the Treasury of transporting the
currency. This arrangement is entirely satisfactory to us and
the banks, and we should like to have your confirmation that
the Treasury will proceed accordingly arranging directly with
the three banks the amount and the manner in which the currency
is to be transmitted from time to time. Defense Supplies Corporation will reimburse the Treasury Department for the actual expense of transporting the currency to Cuba.
In addition to the 1/10 of 1% service charge for
disbursements in Cuba, Defense Sunnlies Corporation will pay the
banks interest on the funds outstanding from the date of diebursement to August 31, 1942 at the rate of 1/2 of 1% per annus,
from which date the rate will be 3/4 of 1% per annum unless the
errangement is terminated or renegotiated.
Sincerely yours,
e/ Joese H. Jones

Administrator.

Honorable Henry Morgenthau, Jr.,
Secretary of the Treasury,
Washington, D. C.

c

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0

P

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SAFE HAND

BRITISH EMBASSY,

WASHINGTON, D.C.,

W.T.1065/16/42

19th February, 1942.
3

Dear Mr. Dietrich,
You will remember that on 5th January the

Egyptian Government decided to break off relations with
Finland, Bulgaria and Vichy. I am now informed that

provisions similar to those in our Trading with the
Enemy legislation have been applied to Finland and
Bulgaria but no proclamation has been issued in respect
of France.

Yours sincerely,

(Sgd.) W. Ritchie.

Mr. Frank Dietrich,

Stabilization Office,

Room 279, U.S. Treasury Department,
Washington, D.C.
WR:TMI

cc: Mr. Pehle
Mr. Livesey

Copy: 1:2-20-42

303

TREASURY DEPARTMENT
INTER-OFFICE COMMUNICATION

DATE February 19. 1942
TO

FROM

Secretary Morgenthau

CONFIDENTIAL

mins

Mr. Dietrich

Registered sterling transactions of the reporting banica were as follows:
Sold to commercial concerns
Purchased from commercial concerns

£33,000
£15,000

Open market sterling held at 4.03-3/4, with no reported transactions.
The Venezuelan bolivar moved off 15 points to close at .2805.

In New York, closing quotations for the foreign currencies listed below

were as follows:

Canadian dollar
Argentine peso (free)

11-1/4% discount

Uruguayan peso (free)

.2357
.0516
.5775
.2065
.5295

Cuban peso

1/4% premium

Brazilian milreis (free)
Colombian peso
Mexican peso

The New York rate for the so-called free Swiss franc moved off to .2545
today. At the beginning of this month the comparable quotation was about .2615.
Swiss france for commercial and certain other purposes can still be purchased
from Swiss banks against dollars at the rate of .2331; this quotation has re-

mained unchanged for some time.

There were no gold transactions consummated by us today.
No new gold engagements were reported.

In London, spot silver remained at 23-1/2a, equivalent to 42.67. The
forward quotation advanced 1/16d to 23-9/16d, which is equivelent to 42.78
The Treasury's purchase price for foreign silver was unchanged at 35$.
Handy and Harman's settlement price for foreign silver was also unchanged at
35-1/8.
We made no purchases of silver today.

304
BRITISH EMBASSY
WASHINGTON, D.C.

February 19th, 1942.
Personal and Secret.

Dear Mr. Secretary,

I enclose herein for your
personal and secret information a

copy of the latest report received
from London on the military situation.
Believe me,

Dear Mr. Secretary,

Very sincerely yours,

Halifex
The Honourable

Henry Morgenthau, Jr.,
United States Treasury,
Washington, D. C.

305
Copy No.

2

BRITISH MOST SECRET

(U.S. SECRET)
OPTEL No. 59

Information received up to 7 A.M., 18th February, 1942,
1, NAVAL

One of H.M. submarines torpedoed, on the third off TUNISIA, an
anchored 6,600 ton merchant ship was later seen beached,
2, MILITARY

LUBYA. It is now confirmed that the three enemy columns which
moved eastwards towards our positions have withdrewn.
SUMATRA. 17th. Our troops are evacuating southern SUHATRA, The
enemy occupied JAMBI on the 16th The demolition scheme was completed.
BURMA. Our position behind the BILIN River remains unchanged.
BORNEO. The enemy occupied BANJERILASIN on the 16th
3. AIR OPERATIONS

WESTERN FRONT. 17th, Enemy activity was on a slightly increased

scale chiefly against shipping off the east coast. A Hurricane bember destroyed
an ME 109 and another ME 199 was probably destroyed by a Blenheim off the Nor-

wegian coast, A Hudson scored two hits on a merchant vessel off NORWAY but no

explosions were seen, Two vessels were attacked with unobserved results off
the Dutch coast,

17th/18th, Seventeen aircraft sent out, roving commission over
northwest GERMANY - thirteen, leaflets, OSLO, CHERBOURG, PARIS - four. All re-

turned safely.
LIBYA. 16th, Two ME 109's dive bombed EL ADEM landing ground

damaging four Hurricanes on the ground, An attack by dive bombers with fighter
escort on TOBRUK caused little damage. No interception,
16th/17th. One Wellington bombed TRIPOLI (L) as a diversion to

mine-laying operation.
4.

The garrison of SICILY is believed to have been increased from

three divisions to four by the move of one Italian Division from the tainland,

306
NUMBER 20

SECRET

COORDINATOR OF INFORMATION

THE WAR

THIS WEEK
February 19-26,1942

DEPARTMENT .00

Printed for the Board of Analysts

Copy No. 3

history of the Treasury

FEBRUARY 19-26, 1942

SECRET

Coordinator of Information

THE WAR THIS WEEK
Despite the sharp naval reverse suffered by the enemy off
Bali on February 19, the Japanese pincers continued this week
to close steadily on Java. That the Japanese were experiencing no serious difficulties in the drive on Java was suggested
by the wide-ranging nature of their activities in other parts of

the Far Eastern theater. Heavy attacks on Port Darwin
and substantial reinforcement of the Rabaul area emphasize
the growing menace to Australian communications and perhaps soon to the island itself. The fall of Singapore appears

to have diverted fresh strength to the Burma front, where
further progress of the Japanese drive would soon isolate
Rangoon. Finally, both the strategic advantages now possessed by the Japanese and the exposed position of the eastern

seacoast of India invite an early attack in that direction.
At the same time, American and foreign military observers

concur in believing that current Axis preparations in the
eastern Mediterranean area presage an attack there on the
grand scale, preferably timed to succeed before air reinforcements are needed for the spring drive in Russia. In the latter
area extensive Soviet claims fail to convince military observers
here, who prefer to emphasize the peril Russia may face when
the expected German drive on the Caucasus begins, probably

during the first fortnight in April.
Aris Objectives in 1942

Both present activities and indicated plans of the Axis
make reasonably clear the enemy's probable objectives. If
the United Nations propose seriously to begin winning the
war in 1943 (as Mr. Churchill has suggested), the Axis must
1

SECRET
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obviously gear its objectives to winning the war in 1942.
Hitler's aim this year, according to one close observer of the
economic scene, will be to master an area as impregnable as

possible to Allied attack and an area which will make it
possible for Germany to maintain a continuously high war
potential.

This end the Nazis can substantially achieve by the conquest of the Ukraine and the North Caucasus; by the acquisition of the areas bordering on the Mediterranean; and finally
by a further notable advance on the north and central fronts
in Russia, with a resultant weakening of the Russian armies
and the Russian will to resist. The achievement of a position
so impregnable, both economically and strategically, would

largely nullify increased Allied armed strength in 1943.
Continuing Japanese successes would presently put them in a

position of similar strength and impregnability. The implications of this argument, our observer points out, are that, if the

Axis is permitted to occupy these positions, the Allied war
effort, for all its mammoth proportions, might still prove too

little and too late in 1943. Imperatives for the United
Nations in 1942, he suggests (with priorities in that order),
are quickly effective aid to Russia, maintenance of positions

of the high octane gasoline available to the United Nations.
Finally, the Germans apparently envisage a spring attack on
the Russian oil in the Caucasus, very possibly preceded by
an offensive in the eastern Mediterranean aimed at the ultimate acquisition of Allied oil resources in Iraq and Iran.
In southeastern Asia the scorched earth policy of the Dutch

has greatly reduced the immediate availability of crude oil

and producing facilities in the areas conquered by the
Japanese. But at the same time the United Nations have
been themselves deprived of all this oil. The Netherlands
Indies (with Sarawak and Brunei) produced about 68,000,000

barrels a year of crude oil. Less than ten per cent of that

capacity-in Java-now remains under Allied control.
Burma in 1940 produced nearly 8,000,000 barrels, but Burma,
too, is seriously menaced. India in the same year produced

only two and a quarter million barrels.
Attack on Caribbean Nerve Center

In the Caribbean area the Nazis have singled out for
attack the highly vulnerable oil transport system. In this
area the high grade production of the Venezuelan fields is

in North Africa, and aid to China and the Dutch.

closely integrated with the vast refining establishments at

The Aris Oil Offensive

Aruba and Curaçao in the Netherlands West Indies, and the
essential connecting link is the shallow draught tanker fleet,

The attainment of such common objectives through coordinated effort is clearly exemplified in the case of the current

Axis oil offensive. An attack on the oil resources of the
United Nations on a world scale has been organized. The
Japanese have already deprived the Allies of most of the oil

of southeastern Asia and are immediately threatening the
remaining sources. The German submarine campaign in the
Caribbean is seeking to disorganize the production of Aruba
and Curaçao whence comes possibly as much as two-thirds

whose units are extremely difficult to replace. The toll of
submarine raids up to February 26 was six shallow draught
tankers sunk, representing about ten percent of the fleet, and

several damaged. Two ocean-going tankers, in addition,
have been sunk in the Caribbean.
That the Nazis have found a nerve center of the Allied war

effort is indicated by the production figures. Exact statistics are not available but reliable estimates assign to Venezuela the huge total of 700,000 barrels a day of crude oil, 420,000

barrels of which go to Aruba and Curaçao for refining.

2

3

SECRET
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There the plants of Shell and Standard Oil of New Jersey
(the latter is the largest refinery in the world) have a "crack-

ing" capacity of 338,000 barrels a day and could possibly
produce upward of 40,000,000 barrels a year of aviation
gasoline-a figure twice as great as the estimated present
combined output of aviation fuel of the whole of the United

States plus that of Abadan in the Persian Gulf, the world's
second largest refinery. In addition to shipments to the
Netherlands West Indies, Venezuela also normally sends
some 200,000 barrels per day of crude oil to the United States

and probably now furnishes well over one-half of Great
Britain's requirements.

"Lull" in the Mediterranean
The current lull in the Mediterranean continues to be inter-

preted by competent military authorities as reflecting Axis
preparations for a large scale attack in that area. Marshal
Rommel is steadily receiving reinforcements under convoy

conditions of high security. To Axis naval superiority will
apparently soon be added Axis air superiority. These and
other preparations clearly suggest a major effort, but evidence

permitting a forecast of the form and place of this attack is
not yet available.
Java's Zero Hour

Aims of a Middle Eastern Oil Offensive

In the face of stiffening Allied resistance, the Japanese are

With the oil of southeast Asia lost to the Allies, and their
Caribbean transport disorganized, a Nazi conquest of the oil

of the Caucasus and the Middle East would crown their
discomfiture. A Nazi offensive in this area would be more
interested in denying this oil to the Allies than in actually
acquiring new sources of oil for the German war machine,

according to a current analysis by the Economics Division

of the Coordinator's Office.

Axis military operations in 1942 need not be hampered
seriously, if at all, by lack of adequate petroleum supplies.
Reserve stocks have not yet been exhausted and an increase

in output of both crude and synthetic petroleum is anticipated. Germany's oil problem lies in the scarcity of petroleum products for all but the most essential non-military uses,
and also in the relatively large labor requirements involved

in providing adequate substitutes for natural petroleum,
rather than in any direct handicap to military operations.
The internal problem, which requires attention, if Germany
expects a war of long duration, could be solved, of course,
through the acquisition of Caucasian or Middle Eastern oil.

completing the encirelement of Java. Continued bombing
of Port Darwin and landings on both the Portuguese and
Dutch sections of the island of Timor are aimed to cut the
Allied supply route to the beleaguered center of the Nether-

lands Indies.

To the west, the Japanese have continued their occupation of southern Sumatra, they are reported to have landed

on the tin islands of Banka and Billiton, and they are apparently concentrating important forces near the Anambas
Islands for use against Java. To the east, they have secured

a foothold on Bali. The United Nations have officially reported that they have sunk or damaged 18 Japanese ships
including five cruisers and three destroyers-in a three-day

naval battle in defense of Java. But despite the fact that
these naval successes took place near Bali, the Japanese are
still in possession of the Denpasar Airdrome on the island.

Fresh Offensive in Burma

Following concentrations in northern Thailand which
probably included reinforcements made available by the

4

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SECRET
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fall of Singapore, the Japanese have launched an offensive

against the Shan States, in northern Burma The object of
this drive is to prevent the Chinese forces in this area from
securing the initiative through the invasion of Thailand and

at the same time to cut the railroad in the Mandalay area,
If this move were successful, the Japanese could seriously

embarrass the organization of alternative routes to the
Burma Road from India (See The War This Week, February 12-19).

the western coast of India, which is fringed by steep scarps

(the Western Ghats). But on the eastern seaboard the
terrain offers no natural barrier to an invading force. And
here the British, relying on the protection of Singapore and

forgetful that they, too, arrived in India by the southeast
sea route in the eighteenth century, have neglected the

defenses of this coast.

India's Armed Forces

In the south the Japanese continued to subject the British

to heavy pressure on the Sittang River front, and fighting
continues only about twenty miles east of the railroad at some

points. Certain areas of the Chittagong district in India,
lying near the Burmese border, have been ordered evacuated.
Heavy bombing of Bassein, a hundred miles west of Rangoon,

suggests the possibility of early Japanese action in that
region. And Rangoon, with a curfew imposed, its civilians
fleeing, its telegraphic communication with the outside world
cut off, and much of the city in flames, is in a position of great
peril.

With the announcement by the Chinese government that

Generalissimo Chiang Kai-shek, in his conferences with
Indian leaders, has found a "satisfactory solution" to the

supply problems presented by the presumed loss of
the present route from Burma, attention has shifted to
the possibility of a Japanese attack on India itself.

Britain has, moreover, permitted her naval, air, and ground
forces in India to deteriorate. According to the British view,
only certain racial groups in India have the loyalty and physi-

cal stamina requisite to military service. In the resulting
unbalanced distribution, the Punjab, as an example, with only
28,000,000 people (of a total Indian population of 389,000,000)

provides approximately half of India's troops. At the same
time, Bengal, the most populous province of India, furnishes

scarcely a single soldier. Any alteration in this policy-for
example, recruiting among Indian racial groups who were
familiar with military service as late as the eighteenth or
nineteenth century-could not be effected overnight.

With Singapore gone and Port Darwin threatened, the
logic of the situation is the retirement to India of the units
of the British East Indies Station. On the entire east coast
of India, however, these ships will find no port which can be

used as a naval base, even for purposes of defense. The
lighter vessels can seek a base at Colombo (Ceylon), Bombay

India's Vulnerable Flar.b

and Karachi, on the west coast, but the nearest base which

A Japanese invasion from the east would fall on India's
vulnerable flank. The northwest border had always been

offers repair facilities for capital ships is Durban, South
Africa, some 3500 miles from India.

viewed by the British as India's strategic frontier, and they

have directed their primary attention to its fortification.
The northeastern border (Tibet) is protected by the highest
mountains in the world. The natural terrain likewiseprotects

The Form of Japanese Attack

For an attack on India the Japanese now have Singapore

at their disposal, which they will in all probability use as a

6
7

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YMARRED

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SECRET

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major base. Already they are using Penang as a submarine

nationalist groups. The offer of representation in the War

base, from which, according to reliable reports, undersea

Cabinet and Pacific Council has left India unimpressed. One
paper has referred to it as a "travesty of representation," and

craft are operating off Madras and west of Ceylon. Japanese

naval units are also moving up the Bay of Bengal. For
advanced bases in that area they can presumably seize the
excellent anchorages at Port Blair, in the Andaman Islands,

another has pointed out that India's membership in the
Imperial War Cabinet during the War of 1914 did not improve
her international status. Those suggested for India's repre-

and Nancowry, in the Nicobar Islands.
Although there is difference of opinion among American

sentatives are regarded for the most part as government

military experts as to the form which a Japanese attack would

Indianization of the Viceroy's Executive Council and definite

"stooges." The nationalist groups still demand a total

take, it might begin with air and cruiser raids on east coast

assurances of complete self-government.

ports, after which the Japanese might attempt to knock out

Chiang Kai-shek's appeal to Britain, however, to give
India "real political power" may presage a change for the
better. Following this appeal, a two-day non-party con-

the British fleet by attacks on the bases in Ceylon (Trincomalee, then Colombo). Or, alternatively, they might try at
once to seize such commercial ports as Calcutta, Vizagapatam, and Madras, on the east coast. In any event, the Japanese should experience no great difficulty in landing troops
on the east coast, at places chosen by themselves. (On the
economic and strategic implications of a Japanese conquest of
India, see Appendix I). The Japanese might even strike for
Madagascar and seek bases there with the possible connivance of the Vichy French (on Madagascar's strategic importance, see The War This Week, January 29-February 5).

ference on Indian problems at New Delhi adopted a resolution asking the British Government to declare India's position
as "identical with those of other self-governing units of the

British Commonwealth." Meantime in London rumors
as to possible political changes in India even predicted a
nationalist administration headed by Nehru himself. In a
recent and conciliatory speech the latter went 80 far as to
say that, "If power were transferred to the people of India,
they would be prepared to take the responsibility for India's
defense even now."

Nationalist Dissatisfaction

The reputation for invincibility-prime asset of the white
race in controlling the native peoples of Asia-was first undermined in 1905 at the time of the Russo-Japanese War and
has now been completely shattered. There is no immediate
prospect of open revolt or widespread treachery in India at

the present time, but the bulk of the population is unlikely

The Russian Front Remains Confused

The Russians have again announced a spectacular thrust,

a ten-day drive toward Staraya Russa which is claimed to
have shattered a German army of 45,000 and killed 12,000.

Other than this, however, the important victories which
newspaper correspondents in Moscow had hopefully awaited

to rally in support of British rule against an attempted

on the Red Army's twenty-fourth anniversary failed to

Japanese invasion, at least until more convincing British

materialize. Instead, Stalin exhorted his followers to greater
effort in a stern struggle ahead and announced only that the

concessions are granted.

British concessions to date have not satisfied Indian

Germans can no longer depend upon the element of surprise.

8
9

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SECRET
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A reliable neutral military source in Berlin has described
the front line as very irregular, particularly in the north. In
some cases the Nazis hold towns which are actually east of

those held by the Russians, and some towns are entirely
surrounded. Velikie Luki, Schlusselburg and Kholm are
still in German hands, but Soviet troops hold a narrow east-

west corridor leading down from Lake Ladoga toward
Staraya Russa. Rzhev is apparently surrounded by Russian

troops, but not yet recaptured. In the central sector, the
Russians have Mozhaisk, but they have not taken Vyazma.

The line east of Kharkov and Stalino runs fairly straight
north and south. The Germans retain control of Taganrog,
but Lossawa is in doubt.

A previous report that only 30 to 40 divisions on either side
were in actual combat was confirmed by the same source.
The Germans have a "forward reserve" of 100 divisions, but

the size of corresponding Russian reserves is unknown.
These thinly held lines would tend to explain both German
ability to retain control of strong points and Soviet ability to

make deep and spectacular thrusts behind these points.
According to military observers, the minimum Russian
objective-disruption of German plans for the spring offensive-will not have been attained unless the Red Army takes
such strong communications centers as Novgorod, Vyazma,

Kursk, Kharkov, and the southern anchor at Taganrog. It
should, however, be borne in mind that the Russians themselves apparently have not committed by any means all their
forces in the present counter-offensive

The Germans are not without difficulties of their own.
According to reports from inside Germany, many divisions
being rested at home for the spring offensive have perforce

affairs). As a further preparation for the spring offensive,
the Nazis are apparently striving through the controlled
Bulgarian press to improve Bulgar relations with Turkey as
a basis for persuading the Bulgarian government to send its
troops into the Ukraine.
Preparations for Spring

The developing situation continues to suggest an early
spring drive by the Germans in southern Russia with Caucasian oil as its objective and with a concurrent attempt to

stabilize the line further north. Stockholm notes that the
Finnish military are now fearful that their Nazi allies soon
will desert them for an all-out attack in the south. And
the Red Army in the Caucasus is now engaged in extensive
preparations to meet an offensive both by land and by sea,
according to a neutral diplomat at Kuibyshev.
From the same post of observation, a reliable and close
observer of the Russian scene reports that, while manpower
is believed to be adequate to meet this renewed offensive
and the Soviets claim to have sufficient industrial capacity
now operating in the east to provide a large part of their requirements in tanks, planes, and other matériel, they must
still rely on substantial aid from the Allies, handicapped as
the latter are by the Japanese threat to Indian Ocean routes.

Food supply also is a major problem, with some reports
already of serious shortages and fear even of famine. Finally,
in the Far East Russia faces a dilemma: she can neither spare

much for China to take the place of Allied supplies if the
Burma route is closed, nor can she afford to see China threat-

ened with collapse. If the United Nations could base

been thrown into combat on the eastern front. German

effective bomber forces in the Maritime Provinces, our ob-

military conscription is spreading its tentacles more widely
and seizing expert civilians (e. g., the complete personnel of

server concludes, Russia might be willing to risk war with

a propaganda unit and a consul, expert in Latin American
10

The Russians are also preparing for spring on the psycho11

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logical front, and both Stalin and the Soviet radio are apparently laying the groundwork for an important shift in the

hard freeze of the Russian winter, the Soviets presumably

Soviet propaganda line. Stalin's speech implied a disavowal
of ambitions beyond the freeing of Russian soil, and a recent
broadcast declared that Russia had no intention of forcing its

Good weather and dry ground favor these operations simul-

will or regime on the Slavic or other peoples of Europe.
"No interference in the internal affairs of other peoples!" it
concluded.

This new line could have two objectives: to prepare both
home and foreign audiences for freer cooperation in the bitter
struggle ahead; and to offset German propaganda which in

recent weeks has been intent upon frightening Europe's
governing classes by stories of a British sell-out to Russia,
alleged to have been accomplished during Eden's conversations with Stalin.
When Can A "Spring Offensive" Begin?
The broad reaches of Russia between the Sea of Azov and

have not been able to construct extensive defense works.

taneously with those of mechanized warfare. The Nazis
should surely strike before the Russians can elaborate their
defenses.

Coup D'Etat in Uruguay
In Uruguay, which has been a leader among Latin American

nations working for hemisphere defense, President Alfredo
Baldomir's coup d'etat of February 21 strengthens his government's power to cooperate with the United States. The
minority-opposition under Luis Alberto Herrera has opposed
the measures necessary for hemispheric solidarity, chiefly in
order to create a domestic issue. Pro-Axis and "nationalist"
groups in Argentina have tried to exploit Herrera's position,
and they may possibly come to his support. However, there

is little evidence at present that Axis activity provoked the

the Gulf of Finland offer a wide diversity of climatic conditions. In the extreme south (the Rostov region) modern

coup.

mechanized campaigning can begin about the first week in

stitutional reform. The Uruguayan Constitution gives the
opposition disproportionate representation in the Cabinet
and Congress, and the Herristas have been able to block

April, according to a study by the Geographic Division of
the Coordinator's office. Further north, near Kharkov, it

The President seems rather to have been intent on con-

Moscow region conditions are not suitable until at least the

efforts for reform. President Baldomir, who under the
Constitution could not legally serve a second term, has

last week in April, and in the Leningrad area Germans

clearly revealed his determination to change the Constitution.

must wait until about the middle of the month. In the
would normally have to wait until at least the tenth of May.
It should be emphasized that the Nazis would have four to

five weeks in which to develop the campaign in the south

A coup has not been unexpected, since El Tiempo, the
government newspaper, announced on February 7 that no
elections would be held at the scheduled time, March 29, if

before the Russians could initiate a diversion in the extreme

it appeared that constitutional reform would again be

north, although it is also possible to argue that a limited
front to defend might be an advantage for the Russians.
The Germans have other reasons as well to strike as soon

blocked. It is too early to assume, however, that Baldomir
will seek office beyond his legal term. He retains, in any
case, the loyalty of the armed forces and the police, and

as the weather and ground conditions permit. With the

general support throughout the population.
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Latin American Repercussions to Nazi Submarine Attacks
Recent German submarine raids on the coasts of the Ameri-

cas have sought not merely to disorganize oil transport but
apparently also to sow confusion and panic in Latin America.
Two Brazilian steamers have been sunk off the Atlantic coast
of the United States, in addition to the tanker sinkings in the
Caribbean, and Aruba and Trinidad have been lightly shelled

-the first attack on the soil of this hemisphere.

allows the United States and its allies the use of Venezuelan
territorial waters for their ships and nianes. The Venezuelan
press, nevertheless, surmises that the defense organization
of the United States is defective, and calls for more efficient
measures. Despite these attacks, nowhere apparently in the

countries which have broken with the Axis done the press
express regret for the actions taken in support of hemispheric
solidarity.

These raids have had varied repercussions in Latin America.
The Caribbean has been regarded as an "American lake," and

since February 11 the United States has supplemented its
many bases and garrisons in that region by placing troops on
Aruba and Curaçao. Latin Americans in general, therefore,
have been puzzled and distressed by the effectiveness of the

enemy raiders.

In Chile and Argentina the sinkings have furnished editorial reasons against provoking so resourceful an adversary

by breaking relations with him. Brazil is reported to be
"thoroughly frightened," and fears that the United States will

be unable to protect her vulnerable and inviting "bulge."
The Brazilian foreign minister has said categorically that the
United States is at fault for the Caribbean attacks; but Brazil
is most preoccupied by the sinking of two of her own ships
in the Atlantic, and has demanded reparations from Germany

under threat of reprisals on German property in Brazil. In
Cuba a conference of military leaders has forwarded an urgent

request for anti-submarine equipment.

Panama and Venezuela, however, are relatively calm.
Although a network of Axis agencies extends through parts
of Venezuela (Axis organizations there and in French Guiana

are thought to have refueled German submarines), antisabotage and defensive measures have been undertaken
jointly by the larger oil companies and the stable regime of

President Medina Angarita. A decree of December 11
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APPENDIX I

POTENTIAL JAPANESE SPOILS IN INDIA
The conquest of India would not only provide Japan an
extensive market for her products but would make her selfsufficient in cotton and iron, as well as in leather, oil seeds,

shellac, mica, and graphite. With the occupation of the
Philippines and the Malay States, Japan has already gone
far toward filling the gap between her steel capacity and her

iron ore resources; the occupation of India, if its iron ore
could be successfully mined and transported, would give
Japan sufficient additional resources to run her steel mills at
full capacity.

Japan's new conquest would also give her control of the
world's jute market, and it would greatly augment her supply

of wool, timber, and wood pulp. With the addition of the
raw materials available in the southwest Pacific, Japan would

be, for the first time, virtually self-sufficient. And if she
could effect a junction with Germany in the Middle East,
Japan could supply the Nazis with desperately needed rubber,

are less than 200 miles away, mostly in western Bengal and
eastern Bihar. The principal government ordnance factories
are just outside the suburbs. The world's greatest concen-

tration of jute mills is also in the Calcutta area. Here
280,000 workers find employment in 100 factories, which
line the barks of the Hooghly above and below the city.

Furthermore, Calcutta is India's largest railway center.
With Rangoon closed and with the necessity of using alterna-

tive routes from India to supply China (see The War This
Week, February 12-19), Bombay on the west coast may
become the chief Asiatic terminus for lend-lease shipments.
From here the fastest method of getting goods to northeast
India would be over the Great Indian Peninsula Railway to

Allahabad, then over the East Indian Railway to Calcutta,
and finally over a variety of routes from Calcutta to Sadiya.
Considerable congestion in direct-haul traffic from Bombay
to Calcutta might force the use of alternative motor and rail
routes across India. But all of these must necessarily pass

through the vulnerable province of Bengal. Hence, by
pinching off this area, the Japanese could effectually stop the
flow of goods along China's proposed new lifeline.

tin and vegetable oils-perhaps in return for planes and
other implements of war.
The area about Calcutta, logical goal of an initial Japanese

attack, has a special economic and strategic importance.
As the heavy-industry center of India and a vital link in its
transportation system, its capture would go far to disorganize
the Allied defense of the Indian east coast and to cut off the
alternative supply routes to China now being developed.

Calcutta is the premier city of India. It was the original
center for British control, and today is the commercial,
financial, and cultural metropolis. The chief coal, iron, and
steel works of India-including the great Tata steel plant at
Tatanagar (1939 production, 700,000 tons of finished steel)16

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box

boundary lines are probably more fluid than anywhere else,
in spite of the fact that the beneficiaries like to think of their

APPENDIX II

THE NEW ORDER EMERGES-REDRAWN
BOUNDARIES IN THE BALKANS

gains as permanent, if not complete. Even the provisional
lines are not easy to trace. The Balkan puppets' fear of each
other and hope of future territorial favors enables Germany
to maintain her position of dominance and use the individual
states to police one another.
Rumania, the first country to experience Nazi occupation
and partition, has been compensated for the loss of northern
Transylvania to Hungary and southern Dobrudja to Bulgaria

by the reacquisition of northern Bukovina and Bessarabia
and the exhilaration of belonging to the "winning" team.
In addition, Rumania has been permitted some partitioning
on her own account in the Ukraine. Here, however, she has

CROATIA

decided to wait until the end of the war before definitively

BOSNIA
(ITALY)

incorporating "Transnistria," the area between the Dniester
SERBIA

and Bug Rivers. The Moldavians living between the Bug
and the Crimea are to be settled in Transnistria.

BOUNDARY CHANGES

Greater Bulgaria

IN THE BALKANS

The extent to which Bulgaria is indebted and committed to
the New Order may be seen on the map. She has received

ANNULLED SINCE 1937

approximately 60,000 square kilometers and three million

MILES

population, according to German estimates, increases of about

942

In view of the intimate relationship of the Balkan puppet
states to German military plans in Russia and the Levant,

Bulgaria, extending "from the Danube to the Aegean, and

Nazi territorial changes in that area are of notable importance.
Nowhere in Europe have more extensive changes been made

from Ochrid to the Black Sea" as the popular slogan has it,
thus becomes the largest state south of the Danube, at the

in frontiers, a situation which is abundantly clear from the

expense of Rumania, Greece, and Yugoslavia.
At the same time Bulgaria has become the leading tobaccogrowing country of Europe and has gained important opium,

accompanying map and which reveals a design not unlike that

of the Balkans so familiar in the period immediately prior
to the first World War.

At the same time it should be emphasized that these

0180

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cotton, fruit, grain, and mineral producing areas. The incorporation of the "regained" regions, however, is proceeding in
19

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the face of friction with Italians, minor revolts by Greeks,
Serbian Chetnik activities, and warnings from Berlin that
neither military nor civilian occupation is to be construed as
final claim to ownership.
Meantime Greece has suffered territorially less than might

have been expected. But she is always subject to further
demands by Bulgaria and Albania, Italy's original Balkan
puppet, now somewhat enlarged.

The Partition of Yugoslavia

Dalmatia, which the Croats might have claimed, has gone to
Italy, as well as most of the Adriatic Islands and additional
territory on the mainland.
Hungary has likewise received three areas in part payment

for cooperating in the dismemberment of Yugoslavia. The
Banat, formerly Hungarian and one of the thorniest ethnographic problems of the first World War, is under German
military occupation and is presumably being saved as a
stock-in-trade with which to buy the support of Hungary or
Rumania.

Yugoslavia has been cut up into a dozen pieces and parcelled out among half a dozen Axis adherents and creations.

Apparently two main principles have guided Hitler's establishment of the "new order" here: occupation with the
smallest possible German forces and exploitation with the
greatest possible efficiency. Whether Yugoslav territories
have been annexed outright or given some sort of nominal
independence, the result is virtually the same-they have all
become cogs in the greatest Reich economy.
Slovenia has been deprived not only of nominal independ-

In Montenegro, resurrected along virtually the lines of
1914, Italy has tried to create another puppet state-relying
on an old dynastic connection and on the dissatisfaction of a
handful of Montenegrin diehards with the former Yugoslav

connection. Here and in Serbia (a "political vacuum," now
little larger than it was before the Balkan Wars) Chetnik
irregulars are creating serious difficulties for the Axis forces
of occupation.

ence but even of unity. The smallest of the Yugoslav
peoples, the Slovenes had no separatist government to assume power, and, in spite of apparent German cultural influences, they were almost as hostile to the Axis as the Serbs.
Italy has acquired the smaller western portion together with

the capital, Ljubljana; the rest, including the industrial city,
Maribor, has gone to Germany.

Croatia is a "convenience" state. In creating it the Nazis
have satisfied the maximum demands of Croat nationalists,
who in the years between the two World Wars objected to the

Serb policy of "Yugoslavism." Now by deeding Bosnia,
Herzegovina and Slavonia to the Croats, Hitler has saddled

Croatia with the unpleasant task of policing unwilling subjects and has ensured Serb-Croat "brotherly extermination."
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Situation 8-11-41 No. 636 M.I.D., W.D. 11:00 A.M., February 19, 1942.
SITUATION REPORT

I. Pacific Theater.
Philippines: An increase in the enemy artillery fire has

been reported. No new developments have been reported from the south.
Burma: The evacuation of Rangoon on a large scale is reported under

way as the Japanese cross the Bilin river and threaten to cut the
routes from Rangoon to Mandalay. Air: Rangoon: The R.A.F. raided

the North Thailand airdrome of Chieng Mai onFebruary 18. Melbourne:

Japanese aircraft attacked the Australian port of Darwin for one
hour
on February 19. Light air activity over the New Guinea area
continues.
II.

Western Theater.

London: The R.A.F. attacked objectives in northwest
Germany on February 18. Berlin: German aircraft made daylight raids
on shipping in British waters yesterday.

III.

Eastern Theater:

There 18 no reported change in the air or ground situation.
(A situation map will not be issued this date).
IV.

Middle Eastern Theater:

No reports have been received of air activity or change in
the ground situation.

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