RUSSIAN INVASION

Nelson Evening Mail, Volume LXIV, 23 February 1931, Page 5

RUSSIAN INVASION

WORLD MARKETS

WHEAT, PIG IRON. ANI) PETROL THE FIVE YEAR PLAN (United Press Association—By Electric Telegraph—Copyright) LONDON. 21st February. There is considerable misgiving (in Australian grain circles concerning the ultimate effect of the Soviet’s five-year plan, because those who examined the Soviet wheat farm sav it is on a scale dwarfing anything attempted in Australia, and * furthermore has already achieved a degree of menacing efficiency. An illuminating revelation on other aspects of the five year plan was given by Jean Pnrmentier, one of the French experts framing the Young Plan'. He had just toured Russia and says that she is shaping to become one of the world’s greatest exporting countries, and will soon be producing seventeen million tons of pig iron annually, half of which will invade foreign markets and at prices that Britain and Germany will be unable to compete with. It will not lie long before she will bo flooding the world with petrol, the output of which during the last two years lias increased 70 per cent, to 4,600,000 tons.