RUSSIA: Interest in Housing (Cont'd)

Busy taking an interest in housing last week were the King of England (see p. 25), the Duke of Windsor (see col. 1) and Joseph Stalin.

Under the patronage of the Dictator, co-operative bodies of Soviet citizens have obtained loans from the State aggregating 80% to 90% of the capital required for the many apartment houses they have built throughout Russia, most of, these loans being repayable over 60 years. In all, the State has loaned its cooperative citizens more than 1,500,000,000 rubles, or at the State's official figure $300,000,000.

The Dictator's interest...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!