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CONFESSION OF FAILURE.

Soviet Invites Capitalism.

BPECIAL CONCESSIONS TO BRITAIN.

Ur Cablo—freaa Attuclullau —Copyright. ausUk.'inu and N.Z. Cable Aiaoaiatloa

LONDON, May 5. Advices from Riga state that with a view to appeasing Britain’s disgust at Communism, the Soviet Government has signed one of the largest concessions ever negotiated at Moscow, returning to the British stockholders of the Lena Goldfield Company, their properties in Siberia. The Government is not demanding a percentage of profits, and is. not insisting on the employment of Soviet experts.

The concession will be operated on a royalty basis. The company will be permitted to engage labour free of Union or Government control.

Advices from Moscow state that at a meeting of the Supreme Economic Council, M. Djerzhinsky (Commissar of Industry) stated that the Soviet Government had decided to lease to the former owners nationalised undertakings at present not working, 01running at a loss, also that the banks had been instructed to grant the owners all credit facilities on terms similar to those enjoyed by State undertakings.

IS TROTSKY COMING BACK? DEPORTED FORMATION OF SOVIET DIRECTORY. By Cable—Press Association—Copyright. Australian and N.Z. Cable Association LONDON, May 5. The Berlin correspondent of “The Times” says a wireless from Moscow reports that the triumvirate—Stalin, Kameneff, and Zinovieff—is transforming itself into a directory of four by co-opting M. Trotsky. Importance is attached to the report since it was broadcasted through the Moscow station, which is officially controlled. “OFFICIALLY DENIED.”

MOSCOW DENIES FORMATION OF DIRECTORY.

By Cable —Press Association— -Copyright. Reuter’s Telegrams. Received May 7, 1.10 a.m. MOSCOW, May 5. Trotsky has recovered his health, and is returning to Moscow to resume work. It is officially denied that a Directory, consisting of Kameneff, Zinovieff, Stalin and Trotsky, is being established.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/THD19250507.2.42

Bibliographic details

Timaru Herald, Volume XCVIII, 7 May 1925, Page 7

Word Count
289

CONFESSION OF FAILURE. Timaru Herald, Volume XCVIII, 7 May 1925, Page 7

CONFESSION OF FAILURE. Timaru Herald, Volume XCVIII, 7 May 1925, Page 7

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