AUSTRIA

Hawera & Normanby Star, Volume XLI, Issue XLI, 9 May 1921, Page 7

AUSTRIA

CREDIT FROM THE ENTENTE

BY CABLE—PEESS ASSOCIATION—COPYEIGHT

(Received May 9, 9.15 a.m.) VIENNA, May 8. . It is understood that at the request of the League of Nations Finance Committee the Government proposes to .seek a credit^from the Entente of 500,000,000 francs, secured mainly on. a 6 per cent mortgage on all private landed property. The Government will also provide for the uncovered deficit of 17,000",000,00P kronen by internal ■loaiis. It is estimated that it will require two and a half years to reconstruct Austrian finances, n