TRADE WITH RUSSIA.

Manawatu Standard, Volume XLIII, Issue 422, 13 June 1922, Page 6

TRADE WITH RUSSIA.

THE ALLEGED BLOCKADE. RESPON.SiniI.ITV OK SOVIET. WAS! 11 NOTON. June 12. Senator Hoover has issued a statement, in the course of which lie says: ‘‘There is nothing in trade treaties between Russia and Britain, Germany, Italy, or any other countries, which permits or establishes trade with private individuals .11 Russia. ihe treaties really provide authority for the Russian Government iisell to estahlisu buying agencies in several countries. I here n no hope ol laying down future loimdaiiom for soiling- grinds i" I'nl ii as long ji.s dii Soviet Oovernment monopolises the import trade. The Soviet Ooverniiient iim-lf nuitn tains the so-called blockade m Ru.-sia-'l he Soviet imports lor 1921 were wortli 248 million gold roubles, '\ Ins was only one si.ih of the pre-war imports, while tm exports were valued at 20 Inilltous 01 gol( roubles, or one-seventy-lil ih of Ibe pre win total. Paper money in Russia was Hasten jug the catastrophe ‘if utter unaccepta bintv within the country itself, ami soot all business would have to be done 0 barter. The British had been gnevioits j disappointed with the result of tlu-ir trmU lrealv. Without a large imesii.ie.it ol foreign i-apital in order to aid the 1"<" u ‘ lion of (ciimnodilies in Russia RselL 1 would be even less opportunity m sell gomb Russia, for she could not coittmue to pay in gold. ■ A. and N Z. cable.