TRADE WITH RUSSIA.
Received February 17, 2 p.m. LONDON, Feb. 17
British firms lost Russian orders to the value of two and a half millions sterling in 1938 because they were overburdened by armament orders according to the report of the Soviet Trade Delegation. Orders that could not be executed included £1,000,000 worth of shipping equipment and £400,000 of machine tools.
Total imports from Russia were £18,591,000 as compared with £28,208,000 in 1937. British exports to Russia were £6,434,000 as compared with £3,085,000. Re-exports totalled £10,986,000 as compared with £16,420,000.
The reduction of turnover is attributed mainly to lower prices for timber, grain, furs, platinum, etc.
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Bibliographic details
Manawatu Standard, Volume LIX, Issue 68, 17 February 1939, Page 8
Word Count
106TRADE WITH RUSSIA. Manawatu Standard, Volume LIX, Issue 68, 17 February 1939, Page 8
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