SOVIET DEBTS.
DEADLOCK IN NEGOTIATIONS
By Cable —Press Association —Copyrigl#Received 7.55 p.m., June 30. LONDON, June 30. The “Daily Telegraph’s” political correspondent says that there is a complete deadlock in the Soviet negotiations. The plenary meeting has been deferred during several weeks, as the British delegation has not been successful in finding a common ground with the Bolsheviks, who want a considerable loan without giving any guarantee that the safety or persons and property will be recognised. . x . .. Mr MacDonald will insist that the conference shall not be allowed to break up until the last extremity is reached. So negotiations have been transferred to the city, where bankers and financiers are trying to find a formula for the recognition of the debts. Thus far the result mostly has been negative. The Russians say the interest they offer is so high that the difference between it and normal rate, can be used to repay the old debts, but make conditions that the debts be reduced to ten per cent their original value.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19240701.2.29
Bibliographic details
Timaru Herald, Volume XCVIII, Issue 18084, 1 July 1924, Page 6
Word Count
171SOVIET DEBTS. Timaru Herald, Volume XCVIII, Issue 18084, 1 July 1924, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.