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The New Zealand Railways Magazine, Volume 6, Issue 1 (May 1, 1931)

Repudiation Not Recanted

Repudiation Not Recanted.

On top of the messages of Shaw and Chiang Kai-Shek comes that of the English section of the Anglo-Russian Debts Committee. London cabled on 7th May that British members of the committee had decided to report that progress is impossible because of the refusal of Soviet representatives to give definite answers. It is feared that the Soviet Government will side-track the whole obligation of Russia for bonds and for nationalised property, if the industrial rebuilding of Russia can be accomplished while ignoring such obligations. And if Shaw's calculation is correct, there is good ground for such fear. Though Lenin is dead and Trotsky set aside, Stalin and his associates are bold enough to challenge “capitalistic countries” on page 11 their own battle-ground of economic production, without so far any recantation of repudiation.