BRITAIN AND RUSSIA

Grey River Argus, 28 April 1932, Page 7

BRITAIN AND RUSSIA

DEBTS AND TRADE. (Brit 5 h Official Wireless.) RUGBY, April 26. Several questions were put regarding Russia in the House of Commons. The President of the Board of Trade (Mr Runciman) was asked if the Government would consider terminating the Russian trade agreement and entering a new agreement, whereby Russ'an imports would bo Fmi ted to an amount equivalent to that of the British manufactured goods exported to Russia, and that the excess be subject to 33 1-3 per cent, duty, a portion of which would go to a com pensafion fund for Russia’s creditors. Mr Runciman replied that the Government was considering securing a more satisfactory balance of trade between Britain and th e Soviet of Russia, but did not consider the claims of British creditors against Russia

could be satisfactoril v dealt with in such a wax. They were impressed by the large preponderance of Russian business in Britain, in return for tho comparatively small business Russia did with this country. Mr Elliott said the amount owing by Russia to Briatin was £1,066,480,000 and the amount of interest on debt was £53,324.000.