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Hawera Star, Volume XLV, 6 May 1925, Page 5

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NATIONALISED UNDERTAKINGS. BANKS TO ARRANGE CREDITS. INTERESTING SOVIET DECISION. BY CABIjE—PRESS ASSOCIATION—COPYk.IGUT. (Received May 6, 9.10 a.m.) RIGA, May 5. Advices from Moscow state that at a meeting of the Supreme Economic Council, Djerzhinsky, Commissar of Industry, stated that the Soviet Government had decided to lease to their former owners nationalised undertakings at present not working or which were running at a loss. Also that the banks had been instructed to grant the owners all credit facilities on terms similar to those enjoyed by State undertakings.—Reuter. TO APPEASE, BRITAIN. MINING CON CESS lON GRA NT ED. TO BRITISH STOCKHOLDERS. Received May 0, 9.10 a.m. LONDON, May- 5. Advices from Riga state; that with a view to appeasing England’s disgust at communism, the Soviet Government has signed one of the; largest concessions ever negotiated at Moscow, returning to British, stockholders in the Tuna, Goldfield Company their properties in Siberia. T'he Gov<swnment is not demanding a percentage of profit and is nob insisting on the employment of Soviet experts. The concession will be operated on royalty basis, and the company will be permitted to engage labour free of union or Cy.wernment control. —Aus,.-N.Z. Cable Assn.

SOVIET D fRECTOR.ATE

Received Mav fi. 9.10 a.m. LONDON, May 5

The Times’ Berlin correspondent says that a wireless message from Moscow reports that the triumvirate. Stalin, Kaimeneff and Zinoviett, is transforming itself into a directory ol four, by co-opting Trotsky. Importance is attached to the report fiinr-e it wa,si broadcasted throueli Moscow ' station, Which is officially- controlled. — Times.