FINANCING AUSTRIA
BRITAIN GIVES FURTHER HELP (British Official Wireless.) Press Association —By Telegraph—Copyright. RUGBY, December 20. The House of Commons to-night approved a resolution authorising the Treasury, in pursuance of the Austrian protocol drawn up at Geneva on July 15 last, to guarantee the payment of principal and interest on a loan of such an amount as would produce a sum of not more than 1,000,000 gold schillings. Mr Neville Chamberlain (Chancellor of -the Exchequer) -explained that the protocol provided, on the side of Austria, for internal reforms, including the balancing of the Budget, and was aimed at the abolition of exchange control and the strengthening of the national bank. The Austrian Government undertook to meet in the future all its foreign obligations. The proceeds of the amount of the loan to be guaranteed by the British Government are to be used to repay a temporary advance made by the Bank of England last year.
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Evening Star, Issue 21292, 22 December 1932, Page 9
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155FINANCING AUSTRIA Evening Star, Issue 21292, 22 December 1932, Page 9
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