RUSSIAN TRADE

Hawera Star, Volume XLVIII, 26 September 1924, Page 5

RUSSIAN TRADE

PART PLAYED BY’ PRIVATE ENTERPRISE. / THE SOVIET ALARMED. 4Y CABLE—PRESS ASSOCIATION—COPYRIGHT Received Sept. 26, 10.5 a m LONDON,.. Sept, 25. The Daily Chronicle's special correspondent states that sixty-four per cent, of Russian trade is now due to private enterprise, mainly in the villages. This percentage is seriously alarming the Bolsheviks. A new bourgeoisie is springing up and new forces 'are grouping, all of which makes it certain that the Bolshevik front is cracking. There will be bloody episodes in Moscow. The peasants refuse to join the Communist Party, and working women boycott it. The total membership is only 680,000 and private enterprise is growing despite the Soviet’s merciless use of its powers. The Soviet has the wholesale foreign trade completely in its hands, and not a single foreign undertaking in Russia of any importance is making a profit. The Government takes fifty-one per cent, of the shares in each foreign company, but only subscribes one-quarter of the capital, whereas" foreigners subscribe forty-nine per cent.—Aus.-N.Z. Cable Assn.