Letter to Alexei Rykov, October 6, 1920

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Written in connection with Chicherin’s letter to Lenin of October 5,1920, reporting Rykov’s talks with W. B. Vanderlip concerning concessions in the Far East. Rykov was insisting on shortening the term of the concessions and the right to buy them back before their expiry, but Vanderlip would not agree to this.

See also Note 440.

Comrade Rykov,

I think we should try bargaining, but concede in the end (through the CPC). Bargaining point: redemption before expiry, after 30 years, at a heightened valuation of their expenditure and labour.

Lenin

6/X.

You will concede a 50–year period for the concession.