LONG CREDIT
HUB OF RUSSIAN ORDERS
VALUED AT SEVERAL MILLIONS,
A COLOSSAL COMBINE
(Received 9 ajn.)
LONDON, August 12.
Pour delegates from a Russian textile syndicate have arrived in Englarid. They declare that if satisfactory terms are offered they onean to buy £4,000,000 or £5,000,000 worth of textile 5 ' machinery in Lancashire and Yorkshire.
They arrived via Germany, where favourable offers 'were received, but pi ef erred English machinery, with which the -Russian operative was familiar. The delegates point out that the syndicate consists of 43 trusts employing 500,000 workers and that 5,500,000 spindles are operating.
They further desired to give contracts to the value of £2,000,000 for the erection of five new mills.
All the contracts hinge on- the possibility of long credit. —A. and N.Z.
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Bibliographic details
Northern Advocate, 14 July 1925, Page 5
Word Count
127LONG CREDIT Northern Advocate, 14 July 1925, Page 5
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