TRADE WITH SOVIET
IMPORTS LOWEST FOR DECADE. NEED FOR LONG TERM CREDITS. United Press Association—By Electric Telegraph—Copyright (Received April 25, 5.5 p.m.) MOSCOW. April 24. The Soviet imports are now the lowest for a decade, and are 64 per cent, below the level at the beginning of 1933. In view of the maturing of £50,000,000 loan indebtedness in 1934 to Germany alone, it is not expected that the Soviet will even be able to maintain purchases at the present level, unless it is granted long term credits. The Swedish Parliament is likely to kill Sweden’s five year £5,000,000 credit loan to the Soviet, and there is no hope of American credit at present. Moreover, the Soviet aims at financial and industrial autonomy, and does not propose to tie itself up except for attractive terms.
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Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19783, 26 April 1934, Page 9
Word Count
134TRADE WITH SOVIET Timaru Herald, Volume CXXXVII, Issue 19783, 26 April 1934, Page 9
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