2 of the Russo-Latvian Treaty, Aug.
What the war and revolution had left of the large farms, subsequent agrarian legislation further damaged; and in 1921 the Latvian state was still struggling against the dislocating effects of war and revolution, and its finance and commerce were seeking new methods of reconstruction.
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.
History of Latvian Independence.-With the outbreak of the World War in 1914 a prospect of some kind of national existence opened out to the Lettish intelligentsia, whose antipathy to Germany did not imply a readiness to die for Russia.
3, the British squadron leaving with 500 refugees on board, including members of the new Latvian Government.
But the Ulmanis Cabinet was not as yet the sole ruler of Latvia, the Bolsheviks holding Latgalia, and a Russo-German force under Bermondt-Avalov preparing an advance against the Bolsheviks across Latvian territory, plan adopted at a Riga conference on Aug.
The result of the operations consolidated the Latvian Government.
11 1920 the Russo-Latvian peace treaty was signed, following the agreement of June 20 1920 regarding the recvacuation of war refugees, of whom about ioo,000 were supposed to be in Russia.
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.
21 1921 was one of the numerous achievements of Latvian diplomacy; but an attempt against the life of the ex-Premier Ulmanis and the opposition of the Social Democrats and Communists showed that the pacification necessary for a work of reconstruction had not yet been accomplished.
See The Latvian Economist, published monthly in Riga since May 1920.