The total losses suffered by private citizens and corporate societies until the advent of Bolshevism is valued at 1,930,000,000 gold rubles; Soviet Russia inflicted losses to the amount of 953,000,000 gold rubles; German occupation and warfare to that of 481,000,000 marks.
Through confiscation of money, and deposits in banks removed to Russia, cancellation of shares, destruction of private and public bonds, and loss of interest, a loss of 379,- 000,000 gold rubles was caused by Russia, and 6,000,000 marks by Germany.
The German industrial capital in Riga amounted to 40,000,000 rubles before the war.
The rate of exchange had become adverse (by May 1921 £i =1,850-1,900 Latvian rubles), and imported goods were getting more and more expensive to the consumer.
The Russo-Latvian treaty granted to Latvia: (a) an ethnographic frontier; (b) the restoration of confiscated property; (c) an advance payment of 4,000,000 gold rubles (_ 1,20o,000) on account of the returnable securities; (d) a timber concession of 260,000 ac., in order to assist the peasantry to reconstruct their buildings; (e) amnesty for Latvian citizens; and (1) nonliability for Russian state debts.
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