The results of high-dispersion CCD spectral observations of the intera
cting eclipsing binary V367 Cyg near the HeI 6678 Angstrom, MgII 4481
Angstrom, SiII 6347 Angstrom, and H-alpha lines are presented. Faint e
mission in the HeI 6678 Angstrom line was detected. The radial velocit
y derived from this emission varies with a half-amplitude of about 180
km/s, and is in antiphase with the variations of the MgII 4481 Angstr
om line, which is formed in the photosphere of the primary star. It is
concluded that the He I emission is formed in the accretion disc arou
nd the invisible companion. A simultaneous solution for the orbital ra
dial-velocity variability curves (taking into account the inclination
angle of the orbit, determined previously from polarimetric observatio
ns), results in estimates for the masses of the two components M-1 con
gruent to 22M. and M-2 congruent to 11M.. New orbital elements for the
binary are determined. Long-term variability in the radial velocity o
f the system's center of mass was also discovered. The variability of
the HeI 6678 Angstrom, SiII 6347 Angstrom, and H-alpha line profiles a
re used to analyze the behavior of gas flows in the system. V367 Cyg a
ppears to be in an initial phase of rapid mass transfer, when matter f
lows from the more massive onto the less massive component.