28 Soviet Dumping
Yet Soviet Russia, of whose orders there is so much talk
and to whom export credit facilities have been accorded
with great ease, has managed during the last two years to
transfer elsewhere 83 per cent. of the value of the goods she
sold to Britain. Under such circumstances the advantages
resulting to this country from the extension of Anglo-Soviet
 trade seem to be entirely mythical.
Everything goes to show that the trading facilities
granted to the Soviets are a boon to Moscow and show little,
if any, advantage to Britain. Undoubtedly a few merchants
and a few industrial concerns have managed to make a
profit by dealing with the Soviets, but on balance the
national losses are overwhelming.
Moreover the huge surplus accruing to the Soviets was
obtained with little capital investment or outlay. The
goods sold are known to be derived from confiscated
properties for which so far no compensation has been paid,
and from the peasant producer at low fixed prices paid in a
paper currency of an ever-falling purchasing value.