RUSSIAN RESOURCES.

Dominion, Volume 3, Issue 624, 29 September 1909, Page 7

RUSSIAN RESOURCES.

DEVELOPMENTAL 1 OFFER• Br ENGLISHj CAPITALISTS, I t ; RAILWAYS, MINERALS,' FORESTS. My Tclca.ragh.'•l'roa AM<)elßl|<in--Ciiprrlchl I . .. -Lontfon,' 87;- s: The St. Petersburg: correapondent. of, tho >: VDaily: Tolegraph;' stares tjfac M. KoKOTweff; Russian Minister of,. Finance,- is • considering . an -otto o;t; twehty-fivp' millioiis ■stbrllngrliy.' ft i syndicate ■ of,l3ritjsli;.ccipitdjietsi.. for the right. , to work for a term .'of years the northern railwhys of .{he Empire; ;and alscj the 'njWcrfJs' and iprbstsl in' Nortbern Russia. : ' v'' ; '= V: . _ ; . ' BRITISH AND GERMAN CAPITAL IN ; ;RUSiSiA. ■ The strong hold upon ; Russia' ifhich Gorman capital and Germtin immigrants liavo sccurcd ,—tho former on:- tho 'finance, and- coinmercoof the Tsar's Empiro, tho latter on tho SPil itself. ; —linsof Jato been receiving increasing- attentiop.: To-day's cablegram is' iibt the first' indication of a tondeucy on tlio i part of British capltal-.to pompeto in Russia with; German.; Oh July 23 th'o following'annbuncouiont was 1 made', the : Stj' Petersburg.-cotrpsiioudolit' of "Tho y .- -y ? 1 , "Document? 'at' Moscow tdrday by which a London'group "of 'finahciora havo (ic* qdired tho control of ,;an important combination of Russian banks', together, have 70 European and Aslatio : branches throughout thp Russian Empire. : Tho negotiations, despite .the Bevorost opposition of German financial groups—hitherto all-powerful' in Russia—havo' been- carried to 'a; issue- largely through the ,sympathy accorded ;, to AngloRussian enterprise' in high quarters!' ■ ■ 1 "The Russian State Bunk holds 8 cohsider-i able proportion of the shares. iii tjie banks in' question, indi w\ll> continue; to hold' thetaj a , fact which is not,.without \vqluo''; for, futurp banking operotibns'' in' "Russia.-,'.Tho' introduction of English banking methods will ,bo welcomed by Russian bankers' eve'rt t»bro .^warmly, than , they will welcome the more iniluxof capital, while tho": establisliinant* of a'. British !bank: mil.. assuro : tho' ,(|ovolopnioiit df 'Anglo-■ Russian economic relations, liithorto ; impossible owing to tho fact that the indispensable instruments to commerce have been,. 60 Jargoly controlled by German financial groups."