14
Coal and Oil
The dumping of coal, chiefly anthracite, which began in
1924 has rapidly grown and preparations are now in hand
for a much more extensive trade. The exports of coal and
anthracite in 1928-9 amounted to 1,149,929 tons or more
than twice as much as in the previous year. This coal has
been sold on an average at 2s. 3d. a ton less than British coal
in France, Italy and America. By taking into account the
higher freight charges paid by the Soviet Government, the
dumping price difference is in the neighbourhood of 4s. a
ton.
The arrangements now completed, together with the
mechanisation of the coal fields, are expected to bring
Russia within the next few years to a place among the
foremost coal exporters of the world. The plans provide for
an annual output of a minimum of 125 million tons as
against 40,600,000 tons in 1928-9. The proposed dumping
will at least be trebled by 1932, but it is expected to throw
much larger quantities on the world’s markets.
As regards oil and its derivatives, dumping has been the
trade policy of the Soviets since 1922. Every year increased
quantities have been thrown on the markets of the world
and, judging by the plans approved in Moscow, this form
of dumping is to be intensified.
Manufactured Goods
It is now evident that in addition to the present dumping
of grain, canned goods, fruit, timber and furs, Soviet Russia
is about to launch an intensive dumping campaign of
Manufactured Commodities and from the data available it
is clear that special efforts are to be made to capture British
markets. Both the * geographical” and “commodity *’
programmes provide an abundance of evidence to this
effect. In other words, the Soviet Government of Russia,
according to the latest information available, has resolved
to * turn the U.S.S.R from a country exporting raw materials
into a country whose export is based chiefly on industry”
(Informatsionny Bulleten Exporinykh Organisatsyi, October
20th, 1930).

Soviet Dumping