RUSSIA’S PLIGHT.
NO MONEY TO BUY. BARRIER TO FOREIGN TRADE. BOLSHEVIKS’ SLENDER MEANS. By Telegraph.—Press Assn.—Copyright Received April 18, 10.15 p.m. Washington, April 17. Mr. C. E. Hughes (Secretary of State), replying to Mr. Samuel Gompers’ request for information regarding the trade potentialities of Russia, pointed out that although the embargoes on Russia were long cancelled, and Russia was able to freely enter trade with Europe and America, the volume of such commerce was unimportant, due to Russia’s inability to pay for imports. Mr. Hughes says a Bolshevist commissary of foreign trade placed orders totalling 6,500,000,000 dollars in Europe, the United States and Asia, but shipments were negligible, because the Bolsheviks were unable to pay cash or obtain credit. The Bolsheviks have not more than 175,000,000 dollars in gold in their possession. The expenditure of this amount would not have a pronounced effect on American trade and industry, but would rob Russia of the hope of ever soundly reorganising its system of finance and currency,—Aus. and N.Z. Cable Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19210419.2.29
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 19 April 1921, Page 5
Word count
Tapeke kupu
169RUSSIA’S PLIGHT. Taranaki Daily News, 19 April 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in