SOVIET WHEAT EXPORT

Hawera Star, Volume L, 24 February 1931, Page 7

SOVIET WHEAT EXPORT

AUSTRALIANS’ MISGIVJNGS. (United Press Association— By Electric Telegraph Copyright.) LONDON, Feb. 21. There is considerable misgiving in Australian grain circles concerning the ultimate effect of the Soviet’s five-year plan, because those who have examined the Soviet wheat farm say it is on a scale dwarfing anything attempted in Australia, and, furthermore, has already achieved a degree of menacing, efficiency. An illuminating revelation of other aspects of the five-year plan is given by M. Jean Parmentier, one of the French experts who helped to frame the Young Plan of reparations. He has just toured Russia, and he says she is shaping to become one of the world’s greatest export countries. She will soon be producing 17,000,(X)0 tons of pig iron annually, half of which will invade foreign markets at prices with which Britain and Germany will be unable to compete. It will not be long before she is flooding the world with petrol, the output of which during the last two years has increased by 70 per cent, to 4,600,000 tons.