Genoa Conference.

Hokitika Guardian, 6 May 1922, Page 3

Genoa Conference.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION ALLIED FINANCIAL OFFER. GENOA, May 4. The Russian delegates declare that the Allies’ offer of financial help for X Russia is a disappointing and an inadequate one.. They also state that probably her oilfields will constitute the basis of Russia’s whole future interhfitiolirtl policy. They were now studying a plati for dividing the Baku and Gronzy oil fields into fi V(‘ zones, The Soviet would operate one zone, afld would he prepared to hand over the other zones to American, British, Belgian and French groups of capitalists respectively. This would be conditionally upon the recognition of the Soviet as the de jure Government of Russia, and the.receipt of .adequate financial help. RUSSIA’S FINANCIAL NEEDS. GENOA, May 4. M; KakoWsky has addressed a note to the Finance Commission detailiifg the credit necessafy for Russian recoiis(truction. These amounts ate:—For irrigation, 2,700,000,000 gold roubles' for industry, 1,000,000,000 gold roubles for reconstruction of railways 5,000,000 000, of which half must he foreign capital.

ANGLO-FRENCH ESTRANGEMENT. LONDON, May 5. The Australian Press Association correspondent at Genoa, states the British delegation has not received any communication on the French position, and jjjflMhlmd nothing will be done until M. Barfhou returns to Genoa, The British stand firm by their demand that a meeting of the signatories to the Versailles Treaty should be held before May 31, and at Genoa. The Australian Press correspondent at Genoa states Dr Wirtb and Dr Rathenau (German delegates) had a lengthy interview with Mr Lloyd George, and submitted their views on the general situation. TU RK O-I'f ALi AN AGREEMENT EXPLAINED. GENOA, May 5. Official circles here allege the fuss made in the*English Press over the Italo-Turkish agreement is due to a misunderstanding. Diplomats say the agreement is not with the Kemaltsts, •but with Constantinople. It is purely ft commercial one, and limited in character, It does not affect in the ieSst the' afritcable relations between the British and italiith delegates.BARTHOU’S VIEWS. ■ (Received This Day nt 8.30 a.m.) PARTS, May 5. M. Barthou before returning to Genoa stated—l linve a difficult task to accomplish, but shall not he dragged into any trap. I hope France’s rights will triumph.