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It is true that trade with Russia will amount to

very little indeed for two or three years, but Russian trade will be necessary for all countries eventually,and the sooner we begin to prepare the way for it the better. A good start has been made by the acceptance of a large contract in England for repairing Russian locomotives. The Russian people are in such a state of exhaus- tion and dejection that among the vast majority British com- mercial enterprise would be sure to meet with gratitude rather than with resistance. There is really a great future opportunity for British traders. But they ought to be left to manage their own affairs and not be tied-up or directed by the Government.

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