Word: lena
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...Lena Ltd. informed the Soviet Gov ernment by telegraph that working condi tions in the gold fields had been made in tolerable and impossible by the interference and oppression of Soviet officials and. secret police. In these circumstances Lena wired that she was cancelling the powers of attorney of her representatives in Rus sia, withdrawing all her Occidental representatives from the country, and would await the decision of the Arbitral Board upon what must inevitably be the final winding up of the concession...
...Promptly the Soviet Government replied by wire that the essence of the concession had been that both parties must continue to play their roles under the document until released from this obligation by some act of the Arbitral Board. Since Lena had started to withdraw before the Board met she had, declared the Soviet telegram, completely ruptured and destroyed the concession agreement including of course its machinery of arbitration. Therefore the Arbitral Board had become a nullity, and as it had ceased to exist the Soviet Government could not and would not send any representative to sit with Dr. Stutzer...
...their decision the arbiters did not mince words, betrayed thoroughgoing exasperation with Soviet logic, methods, conduct. With frank partiality they expressed the opinion that the "friendliness" of the Soviet authorities to Lena in 1925 had changed gradually until it became in the last months of 1929 "implacable hostility." Reason: according to the Board the inception of Soviet Dictator Josef Stalin's famed Five Year Plan of Russian self-industrialization (TIME, June 9) rendered any such capitalist company as Lena "radically incongruous" in Soviet Russia. In terminating the concession (already terminated months ago in fact by the Soviet Government...
...reads the decision, "represents the future profits which the company would have made and which the Soviet Government can now make on the assumption of good commercial management" of the equipment set up in the field by Lena...
...Moscow the statesmen of Soviet Russia presumably feel that in declaring the entire agreement and its arbitral structure void they acted in a spirit of goodwill, fairdealing and reasonable interpretation. Their principal overt grudge against Lena for the past several years has been that her mining camps were "centers of counterrevolution and nests of British spies"-a. charge frequently hurled in the Moscow press...