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Russian Oil for Canada.

23rd September 1932
Page 41
Page 41, 23rd September 1932 — Russian Oil for Canada.
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Which of the following most accurately describes the problem?

The reports of an arrangement by which Canadian aluminium wire and cable to the value of 1250,000 will be exchanged for Russian crude petroleum of the same value, was confirmed on September 16th by the •Aluminium Co. of Canada. The arrangemenCls regarded as significant of the probable policy of the Soviet in further international exchange negotiations on a similar basis.

It is intimated that this imported Soviet oil is to be refined in competition with the Canadian oil companies, and it is expected that the latter will Make urgent representations to the Federal Government against this Soviet competition.

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Organisations: Federal Government

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