RUSSIA’S DUMPING

Taranaki Daily News, 25 July 1931, Page 15 (Supplement)

RUSSIA’S DUMPING

“SELLING AT ANY PRICE.” DEMAND FOR MONEY. Soviet Russia’s desperate efforts to build up a reserve of capital are referred to in a letter recently received in Wellington fom Mr. C. H. Wilkie, a Hawke’s Bay resident, who has been on a world tour. From South America to the Arctic Circle he came across evidence of the Soviet’s attempts to sell goods. , ■ “I have seen Soviet ships also Brit-' ish, unloading lumber and pit props from the White Sea,” he writes. “I have talked with the crews of the Brit-, ish ships who have first-hand knowledge, and they all say that Russia is desperately hard up for money. They are selling everything they can sell at any price to get money. They are selling food stuffs at low prices while their own people are starving-all to get money. For instance, Cuba owed them money and sent cargoes of sugar I to pay. The Russians transferred the sugar to other ships in Russian harbours and sold the sugar in Europe to vet the cr.sh, while their own people urgently needed the sugar. The worst of it they use so much of the money so raised for Communist propaganda in other countries-”