RUSSIAN GOLD
SHIPMENT RETURNED TO MOSCOW. FAILURE TO CONVERT BRITAIN. (Frees Association—By Telegraph—Copyright.) LONDON, January 23. Guarded by armed Russian sailors, a consignment of Soviet gold for Russia, worth £1,600,000, left the Thames sealed in the hold on board the steamship Soviet. The Daily Mail says: “The shipment amounts to a confession that the Russian gold failed in its purpose of converting Britain. It was desposited in the Bank of England, ostensibly as security for trading credits. Russian officials now state that it is being returned to Russia as payment for grain imported from Russia, but trading has not been on such a scale. The Soviet in 1925 sent bullion worth £2,800,000, obtained by melting vast quantities of jewellery and church plate, but little of it remains in London.” —Sydney Sun Cable.
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Bibliographic details
Otago Daily Times, Issue 20006, 25 January 1927, Page 9
Word Count
132RUSSIAN GOLD Otago Daily Times, Issue 20006, 25 January 1927, Page 9
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