RUSSIA LOOKS FOR AID
CAPITAL FROM ABROAD CONCESSIONS TO BE GIVEN Times Cable. Reed. noon. LONDON, Sunday. The Riga correspondent of “The Times” states that a meeting of Soviet Commissarskpassed a resolution that a new effort be made to attract foreign capital and industrial assistance on a great scale, by again offering concessions in Europe and Asia, in connection with railways, electric-power stations, agriculture, dairying, sugar works, fuel industries, also in pioneer industries —metalmining, motor works, and artificial silk.
The resolution frankly states that the guiding principle must be the attraction of a maximum amount of foreign capital, which must be actually transferred to the Soviet. The resolution partly represents the result of the Government’s recent decision, that most resolute measures must be taken to stave off disaster. Foreign capital and technical assistance are vitally necessary to prevent a general industrial breakdown.
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Sun (Auckland), Volume II, Issue 461, 17 September 1928, Page 9
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142RUSSIA LOOKS FOR AID Sun (Auckland), Volume II, Issue 461, 17 September 1928, Page 9
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