BREAK WITH RUSSIA

Hawera Star, Volume XLVI, 3 June 1927, Page 5

BREAK WITH RUSSIA

DIVERSION OF TRADE.

LIKELY TO GO TO U.S.A.

LARGE CREDITS REQUIRED

St CABLE -PRESS ASSOCIATION—COPYRIGHT

OTTAWA, June 1

The differences between Great Britain and Russia will result in the Soviet giving her business to the United States, declared M. Longin Gueris, Soviet Trade Commissioner in Canada, on the eve of his departure for Russia. M. Gueris stated that the United States banking interests were friendly to Russia, and he hazarded the opinion that his country was not desirous of trading with unfriendly nations. He stated that Russian business in the United States was likely to be trebled. He estimated that £50,000,000, which was the approximate figure of the Soviet trade with Great Britain, would be diverted to the United States in 1928.

The commissioner admitted “we are short of cash, but those doing business with us, have found their payment sure. We will require milions of additional credit- in the United 1 States.”

PORT CLOSED TO BRITISH SHIPS.

A REPORT FROM PEKING

LONDON, June 1. The “Daily Express’s” Peking correspondent says that Russia announces the closing of Viadivo.stock to British shipping, though it represents 80 per cent of the vessels calling there. The Foreign Office, however, has no information on the point, and considers the step unlikely in view of the fact that the balance of trade is in favour of Russia under the existing conditions.