The Budget Deficit of 400 Millions: Extraordinary Revelations of Financial Juggling: Object Lesson for Foreign Banks and Governments Peking, May, 20, always fons who think they clover never fail to over-reach themselves. To describe. them in Trish, a high Red functionary never opens his mouth Mis foot in it. Our best evidence against the Soviet rulers has been supplied from" the beginning by themselves in statements. through hich they hoped either to deceive or convert the world, They are. the most industrious propagandists who have ever functioned, but to a care ful reader every publication which comes out of Russia only proves in tone way of another how unfit. the big men in the Soviet regime are to rule Russia.
The inspiration for all this amoralizing ts to be found in two reports upon. the Russian budget Which have recently emanated from Moscow. A Reuter telegram, dated May 23, quoted Rykoff, Lenin's successor, to the effect that there would a 400 milieu gold rouble deficit {im the Soviet's 1924 budget. The writer remarked toa friend that details would be interesting and was informed that Kameneff had, at the end of March, issued a p Tic statement which' discussed the budget in great detail and had also suggested means of making up the dofcit-This. statement was. republished' in the Harbin "Tevestia," of April 1d and 15. The writer then prevailed upon a good-natured Russia friend to find copies of this er and translate Kameneft's sortation. The document appears to be an extract only from a much fuller report, but it certainly gives enough information upon Russian financial methods to astonish the world, There can be no _possibte RBs, doubt that Kameneff speaks with authority, Rosenfeldt (his real name) stands next to Rykof, as vice-chairman of the central executive committee, and is married to Trotsky's sister. He is therefore tone of the inner circle and the star ment published by the "Ievestia"' is in every sense ex cathedra, Before indicating the significance of a num-bor of statements which Kameneff makes, it is best to give the translated text, which is as follows:
Kamenet's Report for monetary reforms: ed iqures were no more Acithe moment. of the reform 300 riiiion "roubles "were in "elreulation (February 1021). To the Autumn of this Your it will be. neces sue one ther 160. muifion Houbles; wil it Fy, lieable fovabsorb them know.
sto arrive ible monetary system three conditions ave neces "Phe state budget must not show 1922, expense 1093
March April estimated 151
"The budget for 1924 is 1750 million Rubles not' including the expenses for the gold budget, ies expenses for the DBO" (Eagt Siberia) "and the 'Tran enueasts. Against it ure 1960 Mf. Rubl Fevenue™" maximum. "This fire reduced to. the utmost out lown to maximum of 148° M, Rubles' month," How shall, the min covered?
Text read from the printed page and cleaned; old type leaves the occasional error.