Moscow, May 12, The Board of the Lena Goldfields Concession published to-day a statement expounding its opposition to the arbitration proceedings now going on in Berlin between the German mining expert, Dr. Stutzer, as chairman, and Sir Leslie Scott, representing the British company, the Russian representative declining to attend the meeting.
The Board holds that these pro ceedings are not valid since the company by suspending operations failed to carry out its obligations, thus unilaterally breaking the contract. The Board argues also that the company is no longer in a position to appeal to the Arbitration Board provided for by the contract, view which was disputed by the company's counsel who main tained that the infractions by the Soviet Authorities had made continuation of operations impossible.
However, the statement leaves the door open for reconciliation suxgesting mutual arrangements for the settlement of the dispute by another hody.—Trant-Ocean Kuo
Text read from the printed page and cleaned; old type leaves the occasional error.