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126

(1923) [MARC] Author: Fridtjof Nansen - Tema: Russia
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RUSSIA AND PEACE
126
The improvement is still more noticeable in the
manufacture of common textile materials : it has
risen from 130 million arschins (1 arschin = 28
inches) in 1 920-2 1, 1 to 446 millions in 1921-22,
this being an increase of 343 per cent.
The rubber industry increased in 1922 \\ times
as compared with 1920, and attained to over one
third of the production before the war. Its output,
valued at 6,176,000 gold roubles in 1920, was
worth 13,043,000 gold roubles in 1920-21, and
2 9>745j 00° gold roubles in 1921-22.
The figures for the chemical industry are 42,300,
53,000 and 93,000 tons in the corresponding
periods.
The electro-technical industry, which produced
to a value of 5,034,000 gold roubles in 1920,
declined in 1920-21 to 4,816,000 gold roubles,
but soon registered a rapid advance. In 1921-22
it manufactured articles (including 2 million fila
ment lamps) to the value of 1 1,938,000 gold
roubles, and its production for the last three months
of 1922 shows that the upward curve continues
(6,122,000 gold roubles as against 3,689,000 in
the corresponding period of 1921).
Russian industry is passing at this moment
through a crisis in distribution owing to the popu
lation^ diminished purchasing power. At the
commencement of the working year 1921-22 it
was seiling its goods considerably below the cost
of production, because, on the one hand, the pro
1 The business year in Russia is reckoned from October ist
to September 3oth.

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