More Uncommunizing

While a proposal to institute a private banking system was under consideration, a grant was made for 50 years to the Lena Goldfields Co., Ltd., of London for exploitation of the Lena gold fields of Siberia. This company operated the gold fields before the War and will take over immediately all the mines and equipment which are now operated and owned by the Moscow Government.

The contract is the largest made since the Bolshevik revolution and gives the Company ample compensation for losses sustained during the nationalization of the property. The concession covers an area of approximately 1,500,000 acres of gold, silver, copper and lead fields, the value of which were estimated at $150,000,000. U. S. capital is to participate on equal terms with British.