EFFECT OF SOVIET THEFTS.
OUTSPOKEN ENGLISH CRITIC. (United Press Association—By Electric 'telegraph—Copyright.) ( Received October 30, 7.30 p.m.) LONDON, October 29. At a meeting of the Russo-Asiatic Consolidated, Mr Leslie Urquhart (chairman), commenting on the Soviet’s refusal to meet the company’s claims for £56,000,000 for properties confiscated in 1917, pointed out that as a result of the Soviet’s dishonest repudiation of its debts and obligations, the Soviet Government trade bills were discounted at such high rates in every country of the world that its imports .of £70,000,000 or £80,000,000 worth of goods annually cost them at least £20,000,000 per year more than would have been paid by any honest nation. This sum, aggregating £250,000,000, would have gone a long way towards an honest compromise with her creditors.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19291101.2.42
Bibliographic details
Timaru Herald, Volume CXXV, Issue 18411, 1 November 1929, Page 9
Word Count
126EFFECT OF SOVIET THEFTS. Timaru Herald, Volume CXXV, Issue 18411, 1 November 1929, Page 9
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.