The Archive · 1939

Pact Agreement

Rubber and Tin To Be Bartered For Timber

Russian timber will be supplied to Britain in exchange for certain quantities of rubber and tin under an agreement concluded October 11, between the Soviet trade delegation in London and the Ministry of Supply, states "The Financial Times."

It should be emphasized that this is a purely commercial transaction, although it may well have its influence on further trade talks with the Soviet Government for the exchange of goods. Its political implications may readily be assumed, The transaction, I understand, has been approved by the Ministry of Economic Warfare, and the British Government is satisfied that the commodities will be required for Russia's own use. Russia, in fact, had ordered a considerable amount of material in Great Britain before war broke out.

It.is of interest, and some people may attach significance to the fact, that the negotiations on this trade agreement have been in progress for a fortnight,

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

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