RUSSIAN DUMPING.

Waikato Times, Volume 110, Issue 18406, 13 August 1931, Page 9

RUSSIAN DUMPING.

A SECRET CIRCULAR. WHEAT AT 24s A QUARTER. (From a Correspondent.) LONDON, June 25. Further revelations are made by the Daily Mall concerning Russian dumping. Russia is now sending to England wheat, limber, soap, furs, butter, salmon (tinned), oil, poultry, sweets, fruit, and coal. Every one of our Dominions and dependencies is being attacked (according to the Mail). The Gold Coast, for example, exported In 1929 500,000 tons of manganese. In anticipation of further expansion in this business a special wharf was constructed in Takoradi Harbour, hut the Bolshevists stepped In and Hooded the world with manganese at cut prices, made possible only by their slave workers. The result will be that the exports I of manganese from the Gobi Coast I this year will probably be halved, with consequent grave loss to British shipping ami the revenue of the Gold Coast. Shipments of Butter. In our Home markets the Bolsh°\isls are redoubling their efforts to ruin British and Empire producers, and at the moment they are concentrating on the dumping of butter. \ conference has been held in Moscow at which the scheme was hatched and outlined in a secret circular issued by tie Soviet Produce Export Depart-; meat U'Sun uzorodexporl"j aud for- ,

warded to its London agent, the “Selosoyuz.” I Moscow has instructed its agents to . contract for butter deliveries up to the ' end of the year at “forward sale"’ prices 20 per cent, below those current at the time of delivery, thereby hoping to Increase its dumping of this commodity by £1,000,000 to a total of £3,000,000. At the same time butter has been removed from the ration cards of adults and children in many parts of Russia, being replaced by minute quantities of sunflower seed oil ani J soya bean oil. At least two vessels a week will ' arrive in London, while butter in ’ Russia is 20s a lb. Russian soap has been sold in Cardiff at £2O to £3O a ton. as compared with the normal ’ trade price of £43. In Russia soap ( costs £2 a cake. Low-priced Wheat. i The effect of the dumping of Soviet » wheat at 24s to 26s a quarter, a price I l lower than any that, had prevailed for | • a generation, was to bring down Gan- I adian wheat from 28s to 29s 3d a 1 ' quarter as against 53s 3d twelve i t ' months previously, with the conse- • . ; quenl loss to the Dominion farmers. . i j The Bolshevists are now turning to 1 ; the du'mplng of manufactured goods. I I About 25.000,000 razor blades hava I already been sent here, and are being I I sold in Sheflleld, the home of the I ; British razor trade, at is 9d per gross, j ’ i And there is more Io come. Legislation Demanded. < i .• i The names of more than 180 Gon-| I j servative members of Parliament w’ll j v - he attached Io a resolution demanding - immediate legislative action to pro- ' -licet British industries further j

. destruction by dumping. It has been I drawn up in the belief that the num- . ber of unemployed will exceed 3,000,000 before Christmas and that action is urgently needed. Sir Henry Page Croft, chairman of the Empire Industries Association, who has organised the matter, said that search of House of Commons records over a long period had not revealed any resolution signed by fo many members. Five of the eight Conservative free traders have signed it.