FREE BOOKS

Author's List




PREV.   NEXT  
|<   222   223   224   225   226   227   228   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246  
247   248   249   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   >>   >|  
Government could procure were represented. Germany and Hungary had also sent experts, among them being persons with many years of experience in the Russian grain business, and had been in the employ of both German and Entente grain houses (as, for instance, the former representative of the leading French corn merchants, the house of Louis Dreyfuss). The official mission arrived at Kieff by the middle of March, and commenced work at once. A comparatively short time sufficed to show that the work would present quite extraordinary difficulties. The Ukrainian Government, which had declared at Brest-Litovsk that very great quantities, probably about one million tons, of surplus foodstuffs were ready for export, had in the meantime been replaced by another Ministry. The Cabinet then in power evinced no particular inclination, or at any rate no hurry, to fulfil obligations on this scale, but was more disposed to point out that it would be altogether impossible, for various reasons, to do so. Moreover, the Peace of Brest had provided for a regular exchange system, bartering load by load of one article against another. But neither Germany nor Austria-Hungary was even approximately in a position to furnish the goods (textiles especially were demanded) required in exchange. We had then to endeavour to obtain the supplies on credit, and the Ukrainian Government agreed, after long and far from easy negotiations, to provide _credit valuta_ (against vouchers for mark and krone in Berlin and Vienna). The arrangements for this were finally made, and the two Central Powers drew in all 643 million karbowanez. The Rouble Syndicate, however, which had been formed under the leadership of the principal banks in Berlin, Vienna and Budapest, was during the first few months only able to exert a very slight activity. Even the formation of this syndicate was a matter of great difficulty, and in particular a great deal of time was lost; and even then the apparatus proved very awkward to work with. Anyhow, it had only procured comparatively small sums of roubles, so that the purchasing organisation in Ukraine, especially at first, suffered from a chronic lack of means of payment. But, in any case, a better arrangement of the money question would only have improved matters in a few of the best supplied districts, for the principal obstacle was simply _the la
PREV.   NEXT  
|<   222   223   224   225   226   227   228   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246  
247   248   249   250   251   252   253   254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   >>   >|  



Top keywords:

Government

 

million

 

comparatively

 

Ukrainian

 

credit

 

Berlin

 

exchange

 

Vienna

 

principal

 

Hungary


Germany

 

Powers

 

Central

 
arrangements
 

finally

 

karbowanez

 
formed
 
leadership
 

Syndicate

 

Rouble


Budapest

 

obtain

 
supplies
 

experts

 

agreed

 

endeavour

 

demanded

 

required

 

valuta

 

vouchers


provide

 

negotiations

 

represented

 

procure

 

payment

 

arrangement

 

organisation

 

Ukraine

 

suffered

 

chronic


question

 

districts

 

obstacle

 
simply
 

supplied

 

improved

 

matters

 

purchasing

 
roubles
 
activity