27 JULY 1929, Page 2

Mr. William Graham, the President of the Board of Trade,

answering a question in the House of Commons on Tuesday, said that the indebtedness of the Soviet Government to British investors amounted to approxi- mately £41,000,000. There was, besides, an unascer- tained amount of accrued interest due on securities. A special correspondent of the Manchester Guardian points out that Arcos, which is popularly supposed to have been stifled by Sir William Joynson-Hicks's raid, has just rented four floors in Bush House. Arcos is carrying on a considerable, and probably a growing, trade. The correspondent says that its turnover for last year was £16,000,000, and he adds that the gross figure of Anglo- Russian trade last year was about £22,000,000.

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