RUSSIAN DEVELOPMENT
THIRD FIVE-YEAR PLAN DETAILS EXPLAINED Press Association—By Telegraph—Copyright. MOSCOW, January 30. (Received January 31, at 10.25 a.m.) The third five-year plan, which was begun in 1937, the details of which have been released for the first time, demands that the national production shall reach £7,200,000,000 in 1942, which represents an increase of 88 per cent, over 1937. The plan aims to “ catch up and surpass economically the most advanced capitalist countries.” It is declared that the main object of the second five-year plan was achieved—namely*, the technical reconstruction of the nation’s economy—and that Russia industrially is second only to the United States, producing in 1937 80 per cent, of the required equipment. Capital investment under the present plan will absorb £4,480,000,000. It is aimed to reduce the cost of production by 11 per cent., to double the volume of consumers’ goods, and raise the workers to a high cultural and economic level.
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Evening Star, Issue 23179, 31 January 1939, Page 9
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154RUSSIAN DEVELOPMENT Evening Star, Issue 23179, 31 January 1939, Page 9
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