ANGER ROUSED.

Auckland Star, Volume LXIX, Issue 137, 13 June 1938, Page 7

ANGER ROUSED.

LONDON INCENSED.

"Default Never More Brazen'/' Than on Austrian Loans. : "LEVEL OF NAZI TECHNIQUE:" United Press Association.—Copyright. ? (Received 11 a.m.) LONDON, Juliet 12. The weekly commercial summary states that the international situation continues to worry the City, which is incensed over Germany's default on the Austrian loans. The "Investors' Chronicle" bluntly declares that: "Here is tlie standard of Nazi technique naked and unashamed. Herr Hitler has taken away Austria's monetary, military and industrial independence, but lias not taken over her obligations. Default lias never been more brazen." The British Ambassador to Germany, Sir Nevile Henderson, saw the Foreign Minister, Herr von Ribbentrop, yesterday regarding the Austrian debts, states a cable message from Berlin.

A British official wireless message states: An official statement, issued after two meetings of the committee set up by the guarantor States for Austrian loans, says that the committee, which represents the Governments of Belgium, the United Kingdom, Czechoslovakia, Denmark, France, the Netherlands, Sweden and Switzerland, had considered the attitude of the German Government in regard to the loans. The committee had before it the protests made by the trustees of these loans on the failure of the German Government to pay the instalments due 1 on June 1; also a letter from the German Government stating that it was under no legal obligation to take over the external debts of the former Austrian Federal Government. It was decided by the committee to protest to the German Government, and the hope was expressed that the latter would reconsider its decision. The committee also discussed with the trustees' representatives arrangements by which the Governments represented will implement tlieir guarantees in the event of continued German default.