The Russian Sphinx.

Russia is credited with experimenting in various forms of State farming. In some cases the State is sole owner; in others there is partial ownership by private people, amounting to a kind of State-private partnership. One thing the cablegrams in April were fairly definite about—that farm stock was going back to private ownership. It is alleged that the neglect of State-owned farm animals proved ruinous and incurable. New Zealand, as a farm produce exporter, cannot be indifferent to what is happening in Russian farming. New Zealand's interest in Russian oil is less direct, but it is worth noting that the “Daily Express” predicts failure of the Soviet cheap oil and cheap wheat campaigns.