The Archive · 1924

Required from Russia

London, Apr. 13, Leading London bankers have forwarded a memorandum. to the rime Minister, Mr. Ramsay MacDonald, in which they suggest steps by which Russian credit. in England can be restored. They fare of the opinion that recogni-tien of public and "private dobie should be made, that private property of foreigners should be restored, and that sanctity of should be re-5 should guarantee that private property should henesforth be freed of the danger of confisea-British bankers, industeialists and traders should be enabled terference, lax private to deal, without Government

institutions in Russia, 'The Ruse sian Government, shotild abandon propaganda against the institu: tious of other countries, 'The memorandum dissipates the view, which itis supposed is entertained by the Russian Government, that upon the settlement very' large amounts" would immediately be available from. any, feouree. Tt points out that inveo. tors will only supply money where conditions appotr safcot and full confidence has again been created, With regard to the numerous fields for the invest-mont of permanent capital, shows that Britain in the. past three years has on an average Tent to the British Empire. £0,000,000 yen, whereas the total avail-bie to' lend throughout the world Taae year was. £97,000,000, Tt do-are that banking credits are remain limited while foreign trade is subject to Rus sian Government control.—Router,

Text read from the printed page and cleaned; old type leaves the occasional error.

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