COWS FOR OIL
EI7SSO-CANADIAN DEAL
DIFFICULTY OVER TERMS'
OTTAWA, 31st December. The deal, so far as it was ever started, to exchange 100,000 Canadian cows for Russian petroleum is off.
Colonel Herbert J. Mackie, when he returned to Ottawa from "New York after paying a visit to Mr. Peter Bogdanov, chairman of the Amtorg Trading Corporation, admitted the accuracy of a Soviet report from New York that there was no prospect of such barter. "Russia's policy is to sell her products for cash and to buy what she requires on long-term credits," so Colonel Mackie declared, "and it is only on such terms that a deal could be put through either with Canada or any other country."
Members of the western syndicate interested in effecting an exchange of cattle for oil declined to comment on Colonel Maekie's statement.
From sources of information close up to the deal it was learned that nothing has developed to dim the-prospects of putting the deal through. Negotiations, however, are still in the preliminary stage.
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Bibliographic details
Evening Post, Volume CXV, Issue 1, 3 January 1933, Page 7
Word Count
170COWS FOR OIL Evening Post, Volume CXV, Issue 1, 3 January 1933, Page 7
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