RUSSIA’S PROMISE

Hokitika Guardian, 23 December 1929, Page 5

RUSSIA’S PROMISE

, • TO PAY DEBTS. [United Press Association—By Electric Telegraph.—Copyright.] LONDON, December 20. M. Sokolnikoff, the Soviet Ambassador to Britain, in an official statement points out that there is a sound economic and political basis for the complete renewal of Polisli-Russian diplomatic relations, rendering stable intertrading possible.

M. Sokolnikoff also states it is a favourable sign that the Soviet orders from "London amounted to £3,687,000 in October and November, as compared with £1,195, 000 a year ago. There are still difficulties to be overcome, but the British manufacturers should study the Soviet requirement in connection with Russia’s electric power stations, which would absorb £i50,000, 000.

Russia,' he said, was preparing to settle the financial claims after accounting'for the counter-claims, and was providing developmental and consolidatory measures ensuring the propenty of the Soviet industries. A‘We have every intention of loyally (fuJfiVf’ig our obligations,”,; he said; “but we rely : on friendly countries recognising the unalterable basis on which our political system has been founded.”