DEADLOCK
- ; y * I-' I «} . NEGOTIATIONS WITH SOVIET. RECOGNITION OP DEBTS. BY CABLE—PRESS ASSOCIATION—COPYRIGIIT. LONDON, June 30. The .political;-* correspondent of the Daily Telegraph says there is a complete deadlock, in the. Soviet negotia-. tions: The • plenary v meeting haS- beeii-defei-red' during . several British , delegation .'whs :ii6f successfui in finding common ground with the Bolsheviks, who : want a considerable loan without giving guarantee that the safety of persons and property wjll be recognised. ; ! The Premier ‘(Mr-' Rhriisay MacDonald) will insist that the conference - 1 shall not. bfe_.allowed'to break up until the last extremity is. -reached; so'negotiations have .been ‘transferred to the city* where bankers and • financiers are trying to find a formula for the’recognition of debts. Thiis T!ar the result is- ; mostly negative. The ..Russians • say the . interest'they ioffer ia, so. high-- that * ■ the differenceybetween .it. and the nor- ’ v mail rate caii be " used ifo' repay old debts, but they-.make conditions : that V debts be reduced to 10 per cent, of their h original value'. - . > .
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Bibliographic details
Hawera Star, Volume XLVIII, 1 July 1924, Page 7
Word Count
165DEADLOCK Hawera Star, Volume XLVIII, 1 July 1924, Page 7
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