RUSSIA’S FINANCES
IN DEBT TO GERMANY Press Association—By Telegraph—Copyright LONDON, January 29. (Received January 30, at 10 a.m.) The Berlin correspondent of the ‘ Daily News ’ says it is semi-officially announced that Russia is unable to pay Germany the interest on the loan* in recent years. The banking houM of Mendelssohns is taking a lead in establishing the German claims. In view of the coming negotiations regarding a Russo-German trade treaty Russia’s financial position is thus established as on the verge of bankruptcy. The ‘ Daily News ’ comments: “ The Soviet promptly honored British trade obligations, and there is nothing to indicate that Russia is nearer bankruptcy than previously, although the Soviet obviously requires new capital, of which an internal loan and attempts to sell bonds abroad at a high rate of interest arc evidence.—Sydney ‘Sun’ Cable.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19280130.2.60
Bibliographic details
Evening Star, Issue 19777, 30 January 1928, Page 5
Word Count
134RUSSIA’S FINANCES Evening Star, Issue 19777, 30 January 1928, Page 5
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.