TRADE WITH RUSSIA

Evening Star, Issue 19003, 27 July 1925, Page 5

TRADE WITH RUSSIA

WHEAT IN EXCHANGE FOR MANUFACTURED GOODS Press Association—By Telegraph—Copyright LONDON,. July 26. (Received July 27, at 9.55 a.m.) Mr E. F. Wise announces that the Russo-British Grain Company intends shipping £5,000,000 worth of Russian wheat to Britain in the next few months. He said that the British Cooperative Wholesale Society had arranged an immediate credit of £500,000 for this purpose. A similar credit had been established in France for a like purpose. Large orders for machinery, tools, and textiles on credit had been placed in Britain, Germany, Poland, and Czecho-Slovakia. Britain would receive more orders if she was willing to offer as good credit as that given on the Continent. The goods would be paij for out of the proceeds of the wheat.—A. and N.Z. Cable. [Mr E. F. Wise is Economic Adviser in respect of foreign trade to the Central Union of Soviet Russian Co-opera-tive Societies. He was formerly British Representative on the Permanent Committee of the Interallied Supreme Economic Council.] ORDERING MACHINERY. RIGA, July 26. (Received July 27, at 9.25 a.m.) A special Soviet Mission has gone to London with authority to plant orders for textile machinery, to the value of £5,000,060, chiefly in Britain, and partly in Germany.—Sydncv ‘Sun 1 Cable.