RUSSIAN PURCHASES
TEXTILE DELEGATION IN
FRANCE
TH.E QUESTION OF CREDIT.
(DOTTED, PRESS . ASSOCIATION—tCOPSIUOHT.)
V (PCBLISHED IN THI TIMES.) . (Received ,sth September, 10 a.m.) '."■ LONDON, 4th September
:The Paris correspondent of-. ."The,. Times.. reports that- the Russian trade. delegation which- recently visited iLan-vi cash'ire- has-arrived in'taris,-. where-the members have .commenced negotiations'. on an .equally lordly scale. They announce flint they are prepared to purchase machinery.'and-textiles to a total of forty million francs. They pur-, chases in Western Europe total £12,000,-' 000. : .-..''.■ .• '' . .
For textiles the Russians asked for'; .■ only >ix. months': credit, • which the. •■■ French manufacturers are willing to . give; but. it is understood' that the. . amount thus being expended is small. ; For machinery they want credit for from ■ * two to five yeaiis, which the firms they'approached declare is quite impossible. There is talk of forming a' special bank ■ to facilitate these transactions, but the existing banks will not be rjartyto such•■■ : a scheme, and it is not likely to ma- ; terialise. ■.'-. '-. . \ '..-"■.-.'■
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Bibliographic details
Evening Post, Volume CX, Issue 58, 5 September 1925, Page 7
Word Count
160RUSSIAN PURCHASES Evening Post, Volume CX, Issue 58, 5 September 1925, Page 7
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