TRADE NEGOTIATIONS
BRITAIN AND RUSSIA. NEGOTIATIONS FOR LOANS. (United Press Association—By Electric Telegraph.—Copyright.) (British Official Wireless.) Received November 20, 11.24 a.m. RUGBY, Nov. 19. Discussions of a preliminary nature have, it is understood, been taking place in London with a view to developing Anglo-Soviet trade relations, and more particularly to stimulating Russian purchases of goods in Britain. At present the trade balance between Britain and Russia is heavily in Russia’s favour. In the first nine months of the current year British imports from Russia amounted to £13,800,000 as against £12,700,000 iii 1934, while British exports to Russia fell from £2,800,000 to £2,700,000. It is suggested that British exports would be stimulated if Russia could raise longterm loans here for capital for development purposes, and it is on these lines that the investigations have been proceeding. One of the chief difficulties barring the way to long-term loans, however, is the default of the Soviet Government on the Tzarist debts, and the possibility of arranging a settlement of tlieir old debts is now, it is understood, receiving the attention of the various interested parties who have been consulted during the discussions.
No official announcement regarding the present discussions has been made.
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Bibliographic details
Manawatu Standard, Volume LV, Issue 303, 20 November 1935, Page 8
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199TRADE NEGOTIATIONS Manawatu Standard, Volume LV, Issue 303, 20 November 1935, Page 8
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