SOVIET DEBT REPUDIATION
EFFECT OH TRADING BILLS DISCOUNTED AT HIGH ’ RATE. Press Association—By Telegraph—Copyright. - , LONDON, October 30. At a' meeting of Russo-Asiatic Consolidated Mr. Leslie Urquhart, the chairman, in commenting on the Soviet’s refusal to meet the, company’s claims for £56,000,000 for properties confiscated in 1917, pointed out that as the result of the Soviet’s dishonest repudiation of its debts and obligations, Sonet Government trade bills were discounted at such high rates in every country of the world that its imports of £70,000,000 or £80,000,000 worth of goods annually cost at least £20,000,000 per year more than would have been paid by any honest nation. This sura, which aggregated £250,000,000 daring the last decade, would have gone a long way towards an honest compromise with creditors.
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Evening Star, Issue 20320, 31 October 1929, Page 11
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126SOVIET DEBT REPUDIATION Evening Star, Issue 20320, 31 October 1929, Page 11
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