NO CREDIT FOR SOVIET
GERMANY DENIES REPORT NO NEW AGREEMENT BERLIN, Nov. 1. There is no truth in reports that normally lias agreed to grant. Soviet Russia a now credit of £25,000,000. Such rumours are due to a misunderstanding of Iho present position. A credit ot £16,660,000 was granted to tlm Soviet in the spring of 1955 for the purchase of Gemini goods, it, has been used, it is understood, almost exclusively for acquiring machinery and factory equipment, some of which may have been intended for the Russia armaments industry, and has been exhausted except for £2.666.000, In the agreement it was provided that all orders to 'German linns on the basis of the credits must he issued by the end of .March, 1936, blit in .September this was extended to the end of November, so that the remaining sum might, he utilised. Negotiations were also in progress over certain difficulties which have arisen in the normal course of trade between the two countries when Herr Hitler launched his violent attack on Soviet Russia at the Nuremberg party congress in September. The conversations were immediately broken off, and the head of the Soviet trade delegation has not yet returned to Berlin.
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Bibliographic details
Poverty Bay Herald, Volume LXIII, Issue 19199, 16 December 1936, Page 8
Word Count
201NO CREDIT FOR SOVIET Poverty Bay Herald, Volume LXIII, Issue 19199, 16 December 1936, Page 8
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