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(1923) [MARC] Author: Fridtjof Nansen - Tema: Russia
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I have not spoken of the well-known " mixed
companies," which the Russian Government has
suggested forming together with foreign capitalists
who want to work in Russia. These companies
were to consist only partially of foreign capital,
while the Russian Government was also to have a
part interest in them.
Such an arrangement might have some advantage
and some drawbacks which are fairly obvious. It
is clear that this would render the Russian authori
ties more interested in the Working of the
companies, and would help to secure facilities.
But, on the other hand, the advisability of the
State interfering with the actual working of the
companies is doubtful. One of the great German
industrials who has tried to secure a concession
for large undertakings in Russia told me that he
might, perhaps, go so far as to let the State have
the economic direction of the undertakings, though
that was rather a doubtful step to take ; but he
would have to reserve wholly to himself and
his shareholders the technical direction, for this
absolutely depended on expert knowledge., ,
I think that these mixed companies have the
most chance to succeed when they are organising
the export of raw materials, the exploitation of
which is not too complicated (e.g., timber and
Seeing that no considerable participation of
foreign capital in private Russian trade is likely
as yet, it appears to me that healthy and lasting
connections may most easily be established by
dealing with the Co-operative Societies. j

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