NATIONAL ECONOMY

Northern Advocate, 15 July 1933, Page 9

NATIONAL ECONOMY

UNDER SOVIET REGIME TREND OF FIVE-YEAR SCHEME. VOLGA IRRIGATION DAM. I ALLAYING FEARS OF DROUGHT.

(United Press Association—By Electric Telegraph.—Copyright.) (Received 9 a.m.) LONDON, July 14. Mr A. Monkhoiise, formerly of New Zealand, one of the Vickers engineers recently on trial in Moscow, gave an address last evening at a meeting of the Manchester Rotary Club. He urged that everything be done to for.ter trade between Britain and Russia.

The present regime in Russia, said Mr Monkhousc, must be credited with having tackled the most important problems of national economy. Many people in England felt that such a system ultimately would become necessary in other countries. . The Five Years’ Plan in Russia had succeeded in some directions, particularly as regards electricity, but it had failed in connection with agriculture; Avhile in the heavy industries, such as iron, steel and coal, it' had fallen a long way shott of expectations. Efforts to improve education and. welfare work had been strikingly sue-' cessful. Young Russia—which had never known any other system except t*hat of the Soviet—was settling down happily, though it was purely material happiness. The second part of the Five Years ’ Plan, said Mr Monkhouse, included a 17-miles dam across the River Volga, which would irrigate all the wheat countries, so that Russia never again need fear a drought.