RUSSIA.

Hawera & Normanby Star, Volume XLII, Issue XLII, 15 April 1922, Page 5

RUSSIA.

REOPENING TRADE.

REPORT BY ALLIES' EXPERTS.

BY CABLE—PEESS ASSOCIATION—COPYRIGHT LONDON, April 13.

The Allies experts' report relating to ifche reopening of trade with Russia, which is being considered at Genoa, stipulates: — (1) The Soviet must accept all previous Russian Governments' liabilities to ftihe Allies; also liabilities for losses suffered by foreigners owing to the Soviet predecessors' neglect. The amount above is to b© determined by :the Russian Debt Commission, wMch will establish mixed arbitral tribunals.

(2) All Russia's pre-war debts to foreign Powers to be regarded as completely discharged by tsie> of the sums named in a schedule to be agreed upon.

(3) The Russian i>ebt Commission will issue bonds to all arbitral awardees and the holders of existing Russian bonds and persons entitled to interest and repayment of capital.

Provision is also made for the good administration of justice in T&ussia for foreigners, freedom of entry and egress to and from Russia, freedom of foreigners to restart their commercial and industrial undertakings.

The Soviet must facilitate tlie acquision abroad of materials -necessary for the restoration of industry and transport, and undertake to refrain from imposing taxation on foreigners on a scale calculated to prevent a reasonable ireturn for invested capital.