BIG SOVIET LOTTERY

Sun (Auckland), Volume II, Issue 332, 18 April 1928, Page 9

BIG SOVIET LOTTERY

AGENTS FORCE SUBSCRIPTION AGITATION AMONG PEASANTS (United P. A. —By Telegraph—Copyright J Times Cable. • LONDON, Tuesday. The Riga correspondent ot “The Times” says the Soviet has published an extraordinary explanation of -why it found it necessary to continue the agitation to persuade the peasants throughout Russia to take up Its lottery loan of £10,000,000 after the Commissar of Finance, M. N. P. Briukhanoff, had officially announced t-1 i i had-been fully subscribed. The newspaper “Izvestia” publishes a decree stating that the total amount of loan money now required is £15,000,d00. This means that a sum of £5,000,000 has yet to be subscribed. M. BriukhanOff originally calculated that the peasants’ £15,000,000 would not be invested and he hoped to attract two-thirds of that sum. The Soviet originally announced the first lottery in connection with the loan would be drawn in October, 1928, but when the peasants were buying the loan slowly it advanced the date to July, 1928. It now advertises the date of the drawing as May 15, 1925. At the same time it urges its provincial agents to use every effort to make the loan a success, but It deprecates the necessity for seizing the peasants’ belongings to secure the money.