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BRITAIN AND SOVIET

REINFORCEMENT OF TRADE RELATIONS w SIGNHTC’ANT AGREEMENT it ti I British Official Wireless | ti RUGBY, Oct. 12. ti The announcement that trade rela- n lions between Brita.n and Russia aic to be reinforced Dy •'■ r . r resumption of a export of Russian timber to Britain K against consignments of tin and rub- p ber which Britain some lime ago con- u traded to sell to her. is likely to be p I the forerunner of others perhaps n operated on a similar basis which wM rr oroaacr. the channel uf trading inter- a course between the two countries, t; The agreement is entirely common- n cial, but the significance of its being ti finished in present circumstances is I; noted in the Press which recalls that a the outbreak of war interrupted in- b tcrcourse between two countries u which normally ma; itai’i active trade E in the commodities covered by the n e.greement. It has been negotiated as a result of tl a fortnight’s negoti itions in London between the Britisn uove’ nment und the Soviet traplc delegation and the factor taken into account in ha.-‘ "aing the conclusion of the agreement was that because of the withdrawal of export licences, several cargoes of 1 timber destined for this country, were ' held up at north Russian ports. Several of these ports become icebound by the end of November and it a ’ is clearly necessary to get cargoes of ’ timber out while the ports remain open to shipping. Q The Soviet Government will prob- c ably provide ice-breakers to <?ep a northern ports open as long as possible. The agreement, covers on the

one hand, timber previously contract- s ed for, but no delivered oecause the Soviet Government broke the contract on the grounds that the sterling ba'- , a nee offered had become useless be- a cause of depreciation and it feared it would be unable to obtain the commodifies required from tne United ’ Kingdom because of e.xport restriu- ’ tiors; and on the other hnna, rubber , and tin of which substaral surpluses 1 arc held in Britain. From the British pc/nu of view, j edding resumption of Noiwcgian de- ’ liverie’s, the agreement rectifies the t threatened temporary dislocation of c supplies caused by Russia’s refusal to t deliver timber and it is to be noted e ' that, the rubber and tin to be supplied r 1 is of the equivalent normal quantity I • from the United Kingdom in relation to the total Soviet consumption. It is i not such as to involve the danger that c 1 they will be re-sold to Germany. c . - .. t Many Charitable Acts, The former New Zealander is well c known for his charitable work. He is r (president and patron of numerous c 1 associations in Caernarvonshire, s sex and Kent. He has also presented r ; Gribble’s Royal Academy picture, f “Our Golden Argosies,” to the Federal ; Council Chamber of the Australian Commonwealth Government, and the ■ same artist’s Royal Academy picture, •'Nelson’s First Prize,” to the Roy<J Naval Hospital, Greenwich. Bryn B*as Castle is in the beautiful country forming the foothills of the s Snowden Range. It is four miles froru Caernarvon. The property extends over 470 acres and includes r shooting rights over 2300 acres of ] grouse moor. Lakes and pools are j. stocked with trout, and the sea is four s miles away. It is a stone castle with ( a Norman arched entrance doorway. a The walls are ivy-covered. s

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/WC19391014.2.25

Bibliographic details

Wanganui Chronicle, Volume 83, Issue 243, 14 October 1939, Page 3

Word Count
581

BRITAIN AND SOVIET Wanganui Chronicle, Volume 83, Issue 243, 14 October 1939, Page 3

BRITAIN AND SOVIET Wanganui Chronicle, Volume 83, Issue 243, 14 October 1939, Page 3