SOVIET FINANCE CRISIS
LOANS WHICH FAILED CURRENCY FALLS SWIFTLY (United P.A. —By Telegraph — Copirright) (United Service) Reed. 9.5 LONDON, Sunday. A despatch from Riga states that the Commisionar of Finance reports that the Government ?s unable to cope with the financial crisis. The recent loans, despite coercion, tailed to achieve the desired results, the workmen refusing the industrialisation loan and peasants ridiculing the agricultural loan.
The actual buyers are queued up outside the banks endeavouring to dispose of the bonds, and the banks forced them to sell at half price. Soviet currency is rapidly falling. A renewed struggle between the Stalinists and the Oppositionists is expected.
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Sun (Auckland), Volume II, Issue 365, 28 May 1928, Page 13
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106SOVIET FINANCE CRISIS Sun (Auckland), Volume II, Issue 365, 28 May 1928, Page 13
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