BRITISH LOAN TO SOVIET

Evening Post, Volume CXXXII, Issue 42, 18 August 1941, Page 7

BRITISH LOAN TO SOVIET

Trade Pact Signed

LONDON, August 17.

It is announced in London'and Moscow that an Anglo-Soviet trade agreement was signed in Moscow yesterday by the People's Commissar of Trade and by Sir Stafford Cripps, the British Ambassador.

The agreement provides for the exchange of considerable quantities of goods between the two countries. The British Government will grant a credit to Russia of £10,000,000 at 3 per cent, for five years, and when this credit is exhausted there will be negotiations for a farther loan.

It is stated in London that the loan is to cover the difference between the trade balance between the two countries. It will only be a first instalment.

sisting Axis aggression. His promise is now being unstintingly fulfilled. The signal fact today is that he is not only harnessing the resources of the United States to the service of the anti-Nazi Allies, but also that he is sharing and even inspiring their counsels.

"The Atlantic statement of which he is conjoint author aims at shaping a channel in which the stream of human destiny shall flow, and is a portent which not only the world of today but also future history will recogniserThis eight-point declaration has at once secured the acceptance of the world's three great champions of freedom, and proclaims their common /recognition that this struggle for human rights is equally vital in its consequences to all of them."—B.O.W.