Show NA NAVY VY WILL SELL CALIFORNIA AlIfORNIA OIl Money to Be Turned Into Treasury New P Policy O Only ly Temporary i WASHINGTON 16 ie AP AP- AP Secretary Wilbur decided late today the the ri will sell Its royalty cr crude de oil derived from the California naval reserves Nos 1 and arid 2 The decision da to sell sell the the oil and ansi turn the the money money into the feder federal l treasury was wa r reached ached shor shortly ly after atter th the naval formally re rejected rejected re- re th the bids of the Union Oil company company of California the Stand ard Oil company of California and the General Petroleum corporation under which it had been planned to exchange crude for fuel tuel on oil Secretary Wilbur announced that th the decision to eel sell cell the oil did not Infer Inter that it would be made a permanent per per- manent policy It will be put Into effect he said said- until congress c can n give the n navy vy relief JeUe legislation which will DO asked at the December Decem Decem- b bar ber r session At that time congress will be be- asked to allow the navy department to buy bOy fuel oil with the money de derived derived derived de- de rived from frum the sale saJe of its crude royalty oil products rather than convert the money treasury S wl 1 When the necessary leg j enacted Secretary would purchase the storage tanks at Pearl rl Hawaii P. P M I It is his intention to hi to cS emergency fuel oil H Harbor of ot about He also will ask congress ss the navy navy den dep r. r r Sl tJ defray the expenses expense of tra the oil from in ill Hawaii |