TRADE WITH RUSSIA.

Taranaki Daily News, 15 April 1922, Page 5

TRADE WITH RUSSIA.

THE ALLIES’ CONDITIONS, , SOVIET’S LIABILITIES FINANCE SAFEGUARDS. By Telegraph.—Press Assn.—Copyright. Received April 14, 11.5 pjn. London, April 13. The Allies experts’ report relating to the re-opening of trade with Russia, which is being considered at Genoa, stipulates:— (1) The Soviet must accept all previous Russian Governments’ liabilities to the Alfies; also liabilities for losses suffered by foreigners owing to the Soviet predecessors neglect. The amount above is to bo determined by the Russian Debt Commission, which will establish mixed arbitral tribunals.

(2) All Russia’s pre-war debts to foreign Powers to be regarded as completely discharged by the payment of the sums named in a schedule to be agreed upon. (3) The Russian Debt Commission will issue b6nds to all arbitral awardees and the holders of existing Russian bonds and persons entitled to interest and repayment of capital.

Provision is also made for the good administration of justice in Russia for foreigners, freedom of entry and egress to and from Russia, freedom of foreigners to use postal, telegraph and wireless communications, and freedom of foreigners to re-start their commercial and industrial undertakings.

The Soviet must facilitate the acquisition abroad of materials necessary for the restoration of industry and transport, and undertake to refrain from imposing taxation on foreigners on a scale calculated .to prevent a reasonable return for invested capital.—Aus.-N.Z. Cable Assn.