RUSSIA AND BRITAIN.

Hokitika Guardian, 9 August 1924, Page 3

RUSSIA AND BRITAIN.

ACHTIIAI.IAN AND N.Z. CABLE ASSOCIATION. ' CONTENTS OK TREATY. LONDON, Aug. 7. The Hiissinii Treaty contains twenty articles, the most important of which <leal with loans and debts. The Soviet agrees to modify the annulment of these pronounced in 1!>1S, by agreeing to satisfy the elaims of Hritish holders of loans guaranteed hv the former Kussian Imperial Government, payable in foreign currency.

Britain, on her part recognises the financial and economic position of .Russia, and will not permit a full satisfaction of claims, the conditions ol the settlement of which must he acceptor! hv the holders at not less than half the capital values of such holdings. Knelt of the contracting parties will appoint three persons to examine • the claims and if six agree, they will recommend that a lump sum he payable. If they do not agree, the sections will report separately. The Soviet agrees to negotiate regarding the extent of compensation payable in respect to nationalised cancelled concessions or business. The questions ot Hritish C'/.arist war loans and also C/.arist gold handed over to Hritain and Cermany during the war. also Hritish debts and Soviet claims, arising from Allied interference, are reserved for later discussion. ft is provided that on signing the Treaty the Hritish Government will seek parliamentary approval of the guarantee of a loan to the Soviet. Most favoured treatment to lie conceded to the Dominions. Tl|C Treaty may he extended to the Dominions if so desired. The Soviet makes a separate declaration insisting on the right to claim the restitution of Russian naval and commercial vessels which she was disposed oLwithout its consent.

STATEMENT IN T.OR DS. LONDON, Aug. 7. Lord Pnrmoor, in the Lords, said the Hritish bond holders were involved to the extent of forty millions sterling and the claims on behalf of private owners and companies amounted to thirty-five millions. Finally, the nationalized property which the Soviets had confiscated were valued at 1"0 millions. STONING OK THKATt. _ LONDON. Aug. Official.—The Aimlo-Russinn Treaty will bo signed on Friday.

“DATI.Y EXPRESS O TEST lON LONDON. Aug. S. The Daily Express is asking “Has Mr MacDonald dropped the monarchy, in order to please the Soviet ?" U draws attention to tlio fact that whetens Treaties were formally made in the name of the King, the Russian Treaty •,s between Great Hritain and When. Ireland on the one hand, and the . viet Socialistic Republic. Ibis is contrasted by the paper with the Austrian agreement signed on May Ween TTis Majesty the King of Great Britain, Ireland find of the British Em-

pi re beyond the seas, Emperor of India, and tile Federal President oi the Republic of Austria. . The Daily Express asks. Where is the British Umpire ... «!••- Treaty ? It recalls a made hv M. Rakovsky (Russian Delegate) in 10-'R wherein la- said that the collapse and dismemberment of the British Empire "as merely a question of time. Finally the paper suggests the amendment of tla- draft la-tore signature.