AUSTRIAN INDUSTRY
AMERICAN POLICY ON REPARATIONS SOVIET VIEW REJECTED LONDON. July 17. “Mr. Truman’s personal adviser on reparations, Mr. Edwin Pauley, declared that Austrian industries must remain Austrian property,” says Reuter’s Vienna correspondent. “Mr. Pauley, specifically excepting war plants, said that industry which was of vital interest to the Austrian economy, should not be submitted to the reparations regulations. German property which could contribute to the strengthening of Austria as a nation should also remain in Austrian hands.
“He said that the Zisterdorf oil wells, in the Russia zone, were an essential part of the Austrian economy. The Russian view of the wells as German property must be rejected. The wells had been developed by the Austrians.”
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Greymouth Evening Star, 19 July 1946, Page 7
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117AUSTRIAN INDUSTRY Greymouth Evening Star, 19 July 1946, Page 7
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