According to the Rosta Agency, M. Rykoff, the Chairman of the Council of People's Commissaries, told pressmen to-day that private enterprise would play an important part in the economic life of the Soviet Union for many years. Commercial operations had- increased rapidly in the course of the few months, and nor the ce-operative tr augment their capital in a measure entirely corresponding to the: general development of- the economic life of the country.
The basis of the relations between the State and private enterprise, M._ Rykoff went on to. say, must he healthy economic competition: Hindeance in private enterprise by the Administration could not be allowed.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.