RUSSIAN RECOVERY

Hokitika Guardian, 24 February 1931, Page 2

RUSSIAN RECOVERY

GREAT EXPORT TRADE. (United Press Association— By Electric Telegraph.—Copyrigot.) .) LONDON, February 21. There is considerable misgiving in Australian grain circles considering the ultimate effect of the Soviet F’ve Year Plan, because those who have examined the Soviet wheat farm say that it is on a scale dwarfing anything attempted in Australia. Furthermore, it has already achieved a decree of menacing efficiency. An illuminating revelation of other aspects of the Soveit’s Five Year Plan is given by M. Jean Parmentier, one of'the French experts, who was engaged in the framing of the Young Reparations Plain. He has just 'toured Russia, and he says that she is now shaping to become one of the world’s greatest exporting countries. Russia will.soon, lie says, he producing seventeen million toils of pig iron annually, on© half of which will invado foreign markets at prices with which Britain and Germany will he unable to compete. It will not be long also before sh© is flooding the world with petrol, the output of which, during the last two years has increased by seventy per cent, to 4,000,000 tons.