DISHONEST SOVIET.
Huge Debts To British Company
Repudiated,
REFUSAL TO MEET CLAIMS
LONDON, October 30,
At a meeting of the Russo-Asiatic Consolidated Company Mr. Leslie Urquhart, chairman, commented on the Soviet's refusal to meet the company's claims for £56,000,000 for properties confiscated in 1917.
Mr. Urquhart said that as a result of the Soviet's dishonest repudiation of its debts and obligations its trade bills were discounted at such high rates in every country in the world that its imports of £70;000,000 or £50,000,000 worth of goods a year cost it at least £20,000,000 a year more than would have been paid by any honest nation. That sum, which had aggregated £250,000,000 in the last ten years, would have gone a long way toward an
honest compromise with Russia's credi tors.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19291031.2.40.2
Bibliographic details
Auckland Star, Volume LX, Issue 258, 31 October 1929, Page 7
Word Count
130DISHONEST SOVIET. Auckland Star, Volume LX, Issue 258, 31 October 1929, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in