Later.
In his speech at Derby, Mr. Ramsay MacDonald defined the Russian Treaty as the second stage in the efforts of the Labour G
Jernment to make peace with Russi When you make peace with a country," he declared, "you do not. associate yourself with its Govern its laws, its There were two treaties: the first treaty of commerce and naviga-Yon, including a most-favoured nation' clause whereby, inter alia, the Jexport credits scheme would opera-fate to Russia and British goods in transit through Russia would) not [be subject to duty; and the second a general treaty which concerned, propaganda and debts.
The Prime that Britain was not committed.
The Government were prepared to recommend the British Parliament to guarantee a loan when the Government agreed to the conditions. The loan would be limited to mount agreed on by the House of Commons, it would be spent in a way acceptable to the House and would be guaranteed on sceu1 ties which the Mouse regarded a3
London, Sept. 29.
AIM. Scheinmann and Labimov, the Russian finance experts, have returned to London, 'They have already had informal conversations with the object of fixing the amount' of Soviet liabilities in order to prepare the ground for, and to exppedite, the conclusion of a definite treaty' when the present treaty hax received the approval of Parlia-
Text read from the printed page and cleaned; old type leaves the occasional error.