AUSTRIA SAVED
BY BANK OF ENGLAND CREDIT OF FOUR AND A HALF MILLIONS ACTION APPLAUDED ♦ (United Press Association— By Electric Telegraph—Copyright) LONDON, 18th June. The dramatic decision of the Bank of England to provide credit of £4,500,000 has averted the probable declaration of Austrian bankruptcy, says the “News-Chronicle” Berlin correspondent. Negotiations between the Austrian Government and French bankers broke down owing to French political demands. Berlin and Vienna newspapers welcome the action as showing that British finance is prepared to apply its vast resources to the restoration of European finance.
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Bibliographic details
Nelson Evening Mail, Volume LXIV, 19 June 1931, Page 5
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90AUSTRIA SAVED Nelson Evening Mail, Volume LXIV, 19 June 1931, Page 5
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