FIVE-YEAR PLAN.

Auckland Star, Volume LXII, Issue 45, 23 February 1931, Page 7

FIVE-YEAR PLAN.

RUSSIAN MENACE.

Flooding of World Markets at

Low Prices Foreseen.

AUSTRALIAN CONCERN.

(United P.A.— Electric Telegraph—Copyright)

LONDON. February 22. There is considerable misgiving in Australian grain circles in London concerning the ultimate effect of the Soviet's five-year plan, because those who have examined the Soviet wheat farm say it is 011 a scale which dwarfs anything attempted in Australia. Furthermore, it has already | achieved a degree of menacing [ efficiency. An illuminating revelation of other aspects of the five-year plan was given by 11. Jean Parmentier, one of the French experts who framed the Young plan. He has just toured Russia. He says she is shaping to become one | of the world's greatest exporting countries and will soon be producing 17.000,000 tons of pig iron a year, half of which will invade foreign markets at prices against which Britain and Germany will not be able to compete. It will not be long, says M. Parmentier, before Russia is flooding the world with petrol, the output of which in the last two years she has increased TO per cent to 4,600,000 tons. The P>-iga correspondent of the "Times" says the Soviet has ordered the mobilisation and delivery of a further 100,000 peasants for "the timber front." This is to be accompanied by at least double the present production per man.