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...Russian Government is ordered to pay the sum of $65,000,000 to Lena Goldfields Ltd., and this company's concession -the largest ever granted in Soviet Russia to foreign businessmen...

Author: /time Magazine | Title: Foreign News: Millions for Lena? | 9/15/1930 | See Source »

Young Comrade Litvinov. The stock control of Lena Goldfields Ltd. is held by a small group of U. S. and British tycoons who maintain the privacy of their identity. Board Chairman of the company in London is Herbert Guedalla, cousin of elegant British essayist-poet-biographer Philip Guedalla. Of the Directors close-lipped Major Frederick Davis Gwynne is easily outstanding. He went to Moscow in 1925 and signed the original terms of the Concession Agreement, a Russian signatory being young Comrade Maxim Maximovitch Litvinov who has since risen until today he is Foreign Minister of the Soviet State. Last week...

Author: /time Magazine | Title: Foreign News: Millions for Lena? | 9/15/1930 | See Source »

...Lena's Choice. The German thus smackingly snubbed is Herr Professor Doktor Otto Stutzer. Early this year he was peacefully lecturing upon metallurgy to beer-drowsy students at the University of Freiburg. He read in the papers of disputes, ever more violent, between Lena Ltd. and the Soviet Government over operating details of the concession. Gradually the rupture grew so wide as to demand arbitration. Thereupon, under Article 90 of the Lena Goldfields Concession Agreement of 1925, the Soviet Government chose a panel of six German professors, and Lena made ready to pick one of these as chairman...

Author: /time Magazine | Title: Foreign News: Millions for Lena? | 9/15/1930 | See Source »

...Arbitral Board was to consist of three, and Lena chose as her personal champion a man in whom she knew all England (and particularly "The City") would have confidence, Rt. Hon. Sir Leslie Frederic Scott, P. C., onetime Solicitor General of Great Britain. In due course last Spring arbitral Chairman Stutzer summoned his Board to meet in Berlin. All seemed to be going swimmingly when...

Author: /time Magazine | Title: Foreign News: Millions for Lena? | 9/15/1930 | See Source »

...suspicious of his ungentlemanly manager, has tried to purloin the Baltic agency for himself. But Golspie is too quick for him, and he manages so that Dersingham finds his firm caught in fatal advance contracts with prices of foreign stock raised prohibitively. At this juncture Golspie, with the resuscitated Lena, embarks for South America, while Miss Matfield, who had finally consented to a weekend trip with her tycoon, forlornly looks for him at Victoria station, waiting to be seduced. The book closes with glimpses of the Smeeth and Dersingham families, sitting about the collapsed business and hoping for a fall...

Author: /time Magazine | Title: Books: Business in the Bystreets-- | 9/8/1930 | See Source »

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