SOVIET IMPORTS
LOWEST FOR A DECADE LONG-TERM CREDITS NEEDED (United Press Association.) (By Electric Telegraph—Copyright.) MOSCOW, April-24. (Received April 25, at 5.5 p.m.) The Soviet imports are now the lowest for a decade, being 64 per cent, below the letel of the beginning of 1933. In view of the £50,000,000 loans maturing in 1934 to Germany alone it is not expected that the Soviet will even be able to maintain its purchases at the present level it is granted long-term credits. The Swedish Parliament is likely to kill Sweden’s five-year £5,000,000 credit loan to the Soviet and there is no hope of American credit at present. Moreover, the Soviet aims at financial and industrial autonomy, and does not propose to tie itself up, except for attractive terms.
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Bibliographic details
Otago Daily Times, Issue 22246, 26 April 1934, Page 9
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127SOVIET IMPORTS Otago Daily Times, Issue 22246, 26 April 1934, Page 9
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