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a maximum of five years, and will help the peasant
to buy agricultural machines, live stock, seed-corn,
seeds and fodder. The deposits and loans will
both be in paper money, but calculated in gold
value. The Government will guarantee the
operations of the new institutions.
Obviously the sum allotted by the Russian
authorities is quite inadequate for the fulfilment
of the Agricultural Committee’s programme. No
considerable help can be given unless this sum is
greatly increased by the financial participation of
co-operative societies and private individuals.
Therefore the new organisation must succeed in
inspiring confidence among the peasantry.
On the other hand, the enumeration of State
institutions that are represented on the Agricultural
Committee gives the impression that this young
organisation may easily suffer from a certain
bureaucratic character, that various influences may
be brought to bear, and that it may be quite
difficult for the executive to work energetically
and unitedly for the reconstruction of agriculture.
It is not without interest to remember that the
financial commission appointed by the Supreme
Council of National Economy came to the result, at
the end of 1922, that even the agricultural credit
which was given by the consumer-co-operatives’
bank “did not reach the peasants themselves.”
However this may be, the fact of the
appointment of an Agricultural Committee seems to be
a good omen. The Soviet Government tried at
first to foster agriculture by creating and keeping
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