ECONOMIC PROGRESS
RECORD OF THE SOVIET. A ROSEATE PICTURE. (Press Association—By Telegraph—Copyrignt ) LENINGRAD, October 19. (Received Oct. 20, at 9 p.m. Reporting to the Soviet Executive on Economic Progress, M. Kuibyshc, chairman of the People’s Economic Council, points out that the Government has specially given attention to the development of industries. Such machinery was nonexistent during the Tsarist regime. The Soviet had brought up the electric capacity from 780,000 kilowatts in 1913 to 2,100,000 in 1927, and had incrcas-d the oil output by 30 per cent. The plans for the next five years aim at 180 per -cent, increase in machine construction, 288 per cent, in electrical works, 198 in chemical works, and 16 in agriculture, simultaneously increasing the number of workers by 24 per cent., and their wages by 45 per cent. —A. and N.Z. Cable.
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Otago Daily Times, Issue 20235, 21 October 1927, Page 9
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137ECONOMIC PROGRESS Otago Daily Times, Issue 20235, 21 October 1927, Page 9
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