The New York herald., 1922-04-30

same time the initiative and expert
ence of foreigners can contribute to
the reconstruction of the country.
There is no land which cannot lend
efiicacious aid in the reconstruction
of Russia, some financially and
industries and enterprises, and the
public interest which they possess:
still others by means of the tech
nical personnel they can send.
All countries represented at Genoa
emphasize their desire to help In the
reconstruction. Business men fear
the loss Of their capital If invested
in a country deprived for the mo-
ment of the normal means of pro-
duction, but the moment the first
pioneers succeed they will be fol-
lowed by others.
Several European countries have
decided to institute an international
consortium with an initial capital of
100000, which capital may seem
work to be accomplished, but ii must
be remembered that this capital is
provided by the national corpora
tions of each country. Behind this
capital are the whole financial re-
sources of each country ready to
finance any enterprise approved by
the international corporation. Be
sides. some of these countries are
in a position to advance large sums
I.sx Il. r1,~ rtyt1
take to trade with Russia or estab-
lish themselves in Russia for this
purpose.
In addition to this individuals
who can prove that their enter
prises are properly guaranteed in
Russia will be able to obtain credits
from their own national banks. In
Great Britain the Government
Trade Department guarantees capi-
tai or interest for financial under
takings established overseas as well
as In England itself to revive the
prosperity Of Europe. IL the Soviet
Government encourages enterprises
this trade facilities act can be ap-
piled to Russia. The sum men
toned in this act amounts to f25.-
100000. In case o Necessity the
English Parliament can be invited
to increase the sum total available
at the disposition of exporters.
Besides the facilities mentioned in
the above act there exists the Brit
ish system credit for facilitating
the export of English merchandise.
According to the project the British
49,
guaranteeing of transactions to the
extent OF f26,000,000 for exporta-
ton; f15.o00,000 is now available.
The British Government is disposed
to ask Parliament TO extend the
duration Of this law.
France, because OF the effort re-
quired to restore Tie devastated re-
eions. cannot lend direct financial
help at this moment for the recon-
struction OF Russia. However, the
French Government accepted at
Cannes the principle of French par
ticipation in an international con-
sortium to the same extent as Great
Britain.
France can offer Russia every
kind Of seed and has already ap-
preached the Soviet Government for
this purpose. and has prepared pre-
else plans for sending working
tractors, several thousand of which
machines could he sent with the
necessary skilled crews. Missions
composed OF technical personnels
could be sent 10 create veterinary,
vegeta table pathology and agricul-
tural chemistry stations. From the
point OF transport France can offer
much material. about 1,200 locomo-
tives. 25.000 freight cars and 10000
passenger cars. SLe could create a
special organization for the main
tenance and repair Of the railways.
and could establish shops and send
the necessary technical personnel.
Finally French industrialsts who
have in great numbers contributed
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Confined on Pare Two.