RUSSIAN CRISIS
FINANCIAL AND POLITICAL LOANS FAIL IN THEIR PURPOSE BOND-HOLDERS LOSE HEAVILY. [United Proas Assn.—By CableCopyright.) [United Service.] (Received 28. 9.30 a.m.) London, May 27. A despatch from Riga states that the Commissar reports that the Government is unable to cope with the financial crisis In respect to the recent loans, and despite the coercion which failed to achieve the desired results, the workmen refused the Industrialisation Loan arm the peasants ridiculed the Agricultural Loan. Actua] buyers queued up outside the banks endeavouring to dispose of their bonds, and the, banks forced them to sell at half price. The Soviet currency is rapidly falling, A renewed struggle between Stalinites and Oppositionists is expected.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBTRIB19280528.2.27
Bibliographic details
Hawke's Bay Tribune, Volume XVIII, Issue 140, 28 May 1928, Page 5
Word Count
114RUSSIAN CRISIS Hawke's Bay Tribune, Volume XVIII, Issue 140, 28 May 1928, Page 5
Using This Item
NZME is the copyright owner for the Hawke's Bay Tribune. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.