RUSSIA’S DEBTS
RESULT OF SOVIET’S REPUDIATION HIGH COST OF IMPORTS HEAVY AGGREGATE LOSS (United Press Association.—By Electric Telegraph.—Copyright.) (Rec. October 30, 8.15 p.m.) London, October 29. At a meeting of the Russo-Asiatic Consolidated, Leslie Urquhart, chairman, commenting on the Soviet’s refusal to meet the company’s claims for fiftysix millions sterling for properties confiscated In 1917, pointed out'that as a result of the Soviet’s dishonest repudiation of its debts and obligations, the Soviet Government trade bills were discounted at such high rates in every country of the world that its Imports of seventy or eighty millions sterling worth of goods annually cost them at least twenty millions per year more than would have been paid by any honest nation. This sum aggregated 250 millions during the last decade, and would have gone a long way towards an honest compromise with creditors.
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Dominion, Volume 23, Issue 31, 31 October 1929, Page 11
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140RUSSIA’S DEBTS Dominion, Volume 23, Issue 31, 31 October 1929, Page 11
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