The New York herald., 1922-06-27

invasions, &c, II compensated by
credits. Some Governments at Genoa
In the course of the Vile d'Albertis con-
versation accepted this In principle.
but could not make II effective because
It was impossible to make direct Gov
ernment credits, and private sources
wers not officially represented a.
Genoa.
I'VE hope to find mere groups Of
lists. ready to make specific and definite
offers Of credits to Russia. This Is
what we understand the Hague meet
Ing to be. We are not concerned
whether Governments shall guarantee
those loans. That Is a question for the
prospective creditors to decide for them
selves. But they must be loans to the
Soviet Government.
"On our part, we are prepared to give
securities and guarantees for such cred
its. so there surely can be no difficulty"
Expects Trade Credits.
In response to a question. Litvinoff
said that he expected the credits to take
the form OF trade credits opened abroad
for the purchase of materials Soviet
Russia needs. adding smilingly. "A lit
tie cash wouldn't do any harm. either"
When he was asked II the memoran-
dunn Of May IL would be withdrawn. he
replied. I'VE are here because Of our
suggestion OF such conference as this
In that very memorandum"
He intimated. when pressed, however.
that other features of the memorandum
could be considered obsolete in view of
developments subsequent to Genoa
Call this conference what you like.
political or economic, we have not como
10 talk principles. We are here to talk
business. We hope to find quiet. tran
quill atmosphere at The Hague where
business can be done"
Litvinon then proceeded to draw an
enticing picture Of what already had
been done In Russia to encourage tho
foreigner. and he raised even the disarm-
ament question again, by animadverting
upon Russia's invitation to the border
States to discuss the reduction Of armies.
with Russia ready to cut her own In half.
He said that many things already had
been done in the way of passing DEGREES
assuring the foreigners position In Rus
sia. reforming the courts and the bar
and recognizing and regulating contracts
between individual firms and the Gov
ernment.
Most important Of ALL" he said, lisa
decree just passed. recognizing the rights
Of private property"
THE decree applied to the ownership
OF buildings. machinery and business.
but not to land. which Is still national
lied. when the buildings. machinery. &C.,
were acquired after the passage of the
decree. It does not affect private prop
erty previously nationalized. It applies
equally to Russian and foreign owners.
when the foreigners belong to nations
whose Governments have relations with
Moscow. Diplomatic relations are not
necessary"
Litvinoff was ailuding to italy.
Czecho- -Slovakia, Norway. England and
others now having trade agreements.
He put forward this decree plainly as
one of the guarantees he was able to
offer for the resumption OF relations.
asserting that property thus acquired
never could subsequently be nationalized
without compensation. But he refused
to comment upon the suggestion that the
decree meant Moscow had abandoned
communism In favor of capitalism.
Litvinoff eaid tonight that he was
prepared to stay as long as necessary.
but he expected both Krassine and Ra-
kov,xy to come when the former had
finished with the trade conference IN
Moscow and the latter with the domestic
situation In the Ukraine.