EXPLOITING AUSTRIA.

Evening Star, Issue 17225, 15 December 1919, Page 10

EXPLOITING AUSTRIA.

Renter's Telegrams. PARIS, December'll. The Rumanian plenipotentiary signed the protocol acceding to the Austrian and Bulgarian Treaties, and a treaty for the protection of minorities. Australian <&nd N.Z. Cable Association. December 12. The Hungarian delegates are journeying to Paris to sign the treaty. 'The Times.' LONDON, December 11. Mr A. J. Balfour, at the Junior Constitutional Club,- said that peace was assured, but the difficulties in the jvorld

■were unparalleled In history. Starvation was reducing millions to despair. It was impossible to look at what' was going on In Eastern and Central Europe without the deepest anxiety for the future and many years ahead. Mr Balfour expressed Britain’s regret that America was withdrawing from the Allies’ work of international reconstruction, BELA KUN’S MISSIONS. BUDAPEST, December 13. sentences have imposed under the Bela Kun regime on 14 terrorists. The rest of the 26 accused were condemned, to various terras of imprisonment. Tho death sentences include Henry, who was convicted on seven counts. PADEREWSKI AND THE POLISH PROFITEER. GENEVA, December 14. The Polish Agency announces that President Paderewski has signed the death warrant of a Polish millionaire named Brotheim, who was convicted of profiteering on a vast scale.

Australian and N.Z. Cable Association. PARIS, December 12. Dr Renner (Austrian Premier), and a party of business experts, who are in Paris seeking to raise capital to restart Austrian industries, are believed to be negotiating with a Frauco-Amcrican syndicate for the sale of the Dannbian fleet and the Austrian State railways for a sum of £1,600,000,000. They point out that Austria has vast resources of iron ore in the Duchy of Styria, where there are also clever workmen and intact factories. There is also an excellent market in Hungary and Jugoslavia, but it is impossible to develop the resources owing to the lack of capital to work the raw material. LONDON, December 13. The ‘ Daily Chronicle’s ’ Milan correspondent states that for the purpose of freeing Italy from dependence on foreign markets for iron ore, Italy has acquired the Austrian Mining Company, the Alpine Montan Gesselchaft, and foundries at Mount Erzerberg, in Styria. It is estimated that these foundries alone can produce 1,000,000 tons of steel annually, and it is estimated that the mines can be worked for 200 years. It is hoped that within a year Italy will not require to import iron ore.