KRASSIN'S MISSION

Poverty Bay Herald, Volume LII, Issue 17155, 4 October 1926, Page 8

KRASSIN'S MISSION

LONG TERM LOANS AGAIN SOVIET NEEDS MONEY DEBT REPUDIATION (Sydney Sun Cables.) (Received October 4. 1 p.m.) LONDON, October 3. M. Krassin reveals that he has come to London to revive the request for longterm credits to develop Anglo-Russian trading, which would in the first place relieve British unemployment, and. secondly, would finance the great textile and metallurgical chemical factories i" Russia. He declared that the Soviet was one of the most stable governments in the world. Russia, has already reduced her army of 5.000,000 to 500,000. She would not die if she failed to obtain the credits, but would develop faster if she obtained them. Production would then go ahead amazingly in the next five years, but Russia required 25 years for the amortisation of loans. The Soviet. Ambassador added that Russia was prepared to link up the negotiations with (lie settlement of the Russian (Icllls to England. The Daily Mai!, in a leader, says that Krassiu's mission is "sheer effrontery." The Soviet still proclaims undying hostility to Britain and the Empire, and Britain's national credit will never be lilaced at the disposal of the Soviet gang. The paper asks what guarantees' are forthcoming to prevent British manufacturers and'exporters being robbed agjain, iT they undertake business on these terms? . .