SOVIET AND ITS DEBTS
REFUSAL TO MEET CLAIM FOR £56,000,000 CONFISCATED PROPERTY LONDON, Tuesday. At a meeting of the Russo-Asiatic Consolidated Company Mr. Leslie Urquhart, chairman, commented on the Soviet s refusal to meet the company’s claims for £56,000,000 ,for\properties confiscated in 1917. Mi’* Urquhart said that as a result of the Soviet’s dishonest repudiation of its debts and obligations its trade bills were discounted at such high rates in every country in the world that its imports of £70,000,000 or £ 50,000,000 worth of goods a year cost it at least £20,000,000 a year more than would have been paid by any honest nation. The sum, which had aggregated £250,000,000 in the last ten years, would have gone a long way toward an honest compromise with Russia's creditors.
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Sun (Auckland), Volume III, Issue 808, 31 October 1929, Page 9
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128SOVIET AND ITS DEBTS Sun (Auckland), Volume III, Issue 808, 31 October 1929, Page 9
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