Mr. SAMUEL:

The imports of Russian goods and products into Great Britain in 1924 amounted in value to, roughly, £20,000,000, while the exports to Russia of British products and manufactures, during the same period, amounted to nearly £4,000,000, and of re-exports from the United Kingdom of foreign and colonial merchandise to something over £7,000,000. There is thus an unexpended balance of trade in favour of Russia, in so far as this country is concerned, of about £9,000,000 sterling. The full amount of the credit established in the favour of Russia has, therefore, not been expended in the purchase of British goods.