28 DECEMBER 1929, Page 3

We hope, of course, that British manufacturers will " study

seriously the question If adaptation to the peculiarities of that market," but this will depend almost entirely on the City. M. Sokolnikoff throws out a broad hint that his Government still seeks to make the granting of credits a condition of any settlement of financial claims (and counter-claims). The position, as it is generally understood here, is, of course, exactly the reverse. Nego- tiations will be arduous, but however difficult and desper- ate, they will be worth while. And, as Mr. Maurice Dobb explains appropriately in a letter which we print this week, Soviet Russia's political and economic system is not simply a wicked form of anarchy, but in her view a deliberate and scientific attempt to discipline her " indus- trial revolution," so as to avoid the mistakes of the Western nations. In that sense Mr. Sokolnikoff . is justified in speaking of its " unalterable basis." * * * *