AUSTRIAN NOTE ISSUE

New Zealand Times, Volume XLIX, Issue 11306, 4 September 1922, Page 5

AUSTRIAN NOTE ISSUE

INCREASED TO ASSIST INDUSTRY Australian and N.Z, Cable Association (Reoeived September 3, 6.5 p.m.) VIENNA, September 1. The note circulation has passed the billion mark and. Treasury, bnla to 670 milliards kronen. The noto increase is due to heavy demands by the great industries which, owing the the enormous, -rise in the August index are 1 unable to cover normal: expenditure. 1316 “Neue Freie Presee” , says the wages required -by one manufactory, in August, would have euffioed formerly to finanoe the whole Austrian industry for one year. ■ U.S.A. CONGRATULATIONS SETTLING ECONOMIC PROBLEMS. Australian and N.Z. Cable Association. (Received September 3, 11.5 p.m.) WASHINGTON, September 2. The White House announces that President Harding is greatly pleased by the toleration shown by the French acceptance of the Reparations Commission's plan to suspend the remaining German payments; for 1922. He practically promises active participation by the United States in settlement of the European financial -economio problems whenever the European statesmen agree that such aid would be most effective. ADVERSE GERMAN OPINIONS “IT DESTROYS EVERY ILLUSION.” Australian and N.Z. Cable Association. (Received September 8, 11,6 p.m.) BERLIN, September 1. Every section of the Press disparages the reparations decision. The highly-inftuential “Bourse Courier” declares : “It destroys every illusion we ever held. Instead of granting a moratorium it: imposes impossible conditions. The Deutsche, Dresdener, Diskons, and Darmstadter Banks unequivocally refuse to discount bills, and it is equally impossible to deposit gold in a foreign bank.” . v BELGIAN PREMIER’S VIEWS SIX MONTHS’ MORE GRACE. Australian and N,Z. Cable Association. (Received September 3, 11.5 p.m.) BRUSSELS, September 1. The Premier, M. Theunis, interviewed, said that -Belgium and the world might be congratulated on the reparations dboision, which, though refusing a moratorium, gave Germany six months in which to find means not n<?w available. It aleo removed the irritating discussions on acceptable pledges.