Inside Russia her rubles are legally worth 51¢ each. By special treaty Soviet rubles bid at Japanese fish auctions are legally worth 32.5 sen (16¢). These facts are plain. But recently at Irkutsk roving Correspondent Henry Wales of the Chicago Tribune stumbled upon a ruble puzzle.
Puzzle: Mr. Wales was told at the Soviet gold mines in Irkutsk that the cost of producing $1 worth of gold is twelve rubles, or $6.12 (if the Soviet valuation of 51¢ be placed upon each ruble). Is the Government then losing $5.12 every time its mines turn...
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