SOVIET TRADE.

Bay of Plenty Times, Volume LX, Issue 10826, 24 March 1932, Page 3

SOVIET TRADE.

BRITAIN THREATENED. “The dislocation of markets, following the wdieat dumping by Russia which notably affected the Dominions is only a faint foretaste of what may l>e expected shortly, if trading with the Soviet is not reformed,’’ says the London Times, which demands tha,t Great Briain should take immediate action to proect the trade of the Dominions. The only effective solution to check the Soviet swamping the markets, it insists, is a world-wide agreement to regulate trade credits, which at present is most difficult. “In the meantime,” the article adds “Great Britain, which is particularly vulnerable, must deal with the situation as best she can in the interests of the trade of the Dominions and the more friendly countries.

"She must denounce the present one-sided agreement and devise less dangerous relations, ensuring that the money Britain spends with Russia is expended by the Soviet in paying for Russian purchases from Britain, and that it is not used to finance the agitation to overthrow the Empire. “It would he sheer folly on the part of Great Britain to allow' the wholesale dumping of the produce of convict labour and crush a. promising Dominion industry.

“The Government must deal firmly with the menace, and seek powers if they do not already exist, to cope with it.

“The timber contract is only part of a much larger question that the British face if they are to save their economic life. “Whatever the results of the Fiveyear Plan, the Soviet’s oligarchy, ruthlessly exploiting one-sixth of the world surface and her long-suffering labouring millions, regardless of everyone standing iu the way, constitutes a monopoly with which individuals are unable to cope.”