RETALIATORY ACTION

Northern Advocate, 21 April 1933, Page 5

RETALIATORY ACTION

EMBARGO ON RUSSIAN GOODS

NEW ZEALAND POSITION.

NOT MUCH BENEFIT,

BRITISH TIMBER TRADE FACTOR.

(United Press Association —By Electric

Telegraph.—Copyright.) (Received 0 a.m.) LONDON, April 10

If the British import embargo of SO per cent on Russian goods is imposed, New Zealand and Australia are not likely to benefit greatly, because the (Soviet’s imports to Britain continue to decline drasticallv.

The pending prohibition of imports of Russian timber may have an important bearing ou the efforts of the Empire Timber Company to induce fbo Post Office authorities to use Australian hardwood for (olograph polos, lust ad of foreign. The Postmaster-General, Sir Kingsley Wood, has stated that hardwood would be uneconomical compared with creosoted Scots pins. It is learned that only a small quantity of Scots timber is used, but last year 190,000 foreign fir poles were imported. SOVIET DELEGATES. RECALLED FOR CONSULTATION. TRADE UNIONS URGE RELEASE. (Received .10 a.m.) LONDON, April 20. It is officially stated that there is no foundation for the suggestion that the SoA’iet has Svained the British Government that the embargo on Russian imports Avould increase the difficulty in commuting the sentences on the two British employees of Metropolitan Vickers. At. Ozersky, head of the Soviet Trade Delegation in London, and two of Ins assistants, have been recalled to Moscoav for consultation. The;,’ will leave on April 24. The National Joint Council of Labour, representing the Labour Parliamentary Party and the Trade Union Congress, telegraphed to Moscoav urging the immediate release of Messrs Thornton and MacDonald in the interests of Anglo-Russian friendship. It also issued a statement condemning the proposed British embargo. Moscoav neAvspapers disregard the embargo, and declare that the British agitation is aimed solely at SoA T iet trade in order to fulfil the Ottawa

agreement. The Powers Press gives prominence to the trial of the Britisher!? and the embargo on imports. The latter, it is considered, will be more serious ,in its ''consequences for Russia than for Britain.

DUES TO BRITAIN.

LOAN DEFAULTERS,

RUSSIA HEADS LIST

I (Received 10 a.m.) ' LONDON, April 20

Russia, with £150,000,000, heads the list of defaulters, according to the annual report of the Foreign Bondholders’ Corporation, showing the total affected to be £350,000,000, spread over 120 loans.