RUSSIA'S CREDIT
RESTORATION WITH BRITAIN. MEMORANDUM BY BANKERS. ' Press Association—By Telegraph—Copyright. LONDON, April 13. (Received April 14, at 8.15 p.m.) Leading London bankers have sent a memorandum to Mr MacDonald explaining the means by which Russia’s credit with Britain may be restored. These are as follows: 1. Both countries shall agree to recognise their public and private debts. 2. An equitable arrangement shall bo made fur the restitution of private property. 3. A proper civil code independent of the law courts shall be created, and the sanctity of private contracts shall again bo firmly established. ,4. The Russian Government shall guarantee that private property shall in future bo free from the danger of confiscation by the State. 5. British hanks, industrialists, and traders shall bo free to deal without Government interference with similar institutions in Russia controlled by men in whom they have confidence. ■ 6. Tile Russian Government shall abandon propaganda against the institutions of other countries, particularly those from which they propose to ask financial assistance.—Sydney Sun Cable. MANIFESTO CRITICISED. AN ATTEMPT AT COERCION. LONDON, April 14. (Received April 14, at 7.30 p.m.) The Daily Herald, in an editorial, describes the bankers’ manifesto as direct action in its most barefaced aspect, 'and states that it is designed to force the Russian Government to abandon Socialism and restore private enterprise or it will bring the London conference to naught. This procedure of presenting the pistol to the head of the Russian delegation was successful when applied to Queensland requirements, but the paper does not think the Russian Government will bo so easily overawed. The conditions would moan an interference with the internal affairs of Russia. If the banks kept up their foolish attitude the country would have to find means of trading' without their assistance, as it could not afford to lose tho Russian market.— \. and N.Z. Cable.
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Otago Daily Times, Issue 19147, 15 April 1924, Page 7
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308RUSSIA'S CREDIT Otago Daily Times, Issue 19147, 15 April 1924, Page 7
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