AUSTRIAN FINANCE

Otago Daily Times, Issue 18464, 27 January 1922, Page 5

AUSTRIAN FINANCE

COLLAPSE OF THE KRONER. A GRAVE SITUATION. URGENT APPEAL FOR A LOAN. Frcos Association—By Telegraph—Copyright. LOIfDON, January 26. (Received Jan. 26, at 7.25 p.m.) The Austrian kroner has collapsed and is quoted at 43,800 to the pound sterling. It was 14,000 yesterday. The collapse means an immense increase in the prices of foodstuffs in Austria. It is feared that the result will be disorders and riots. There is also a danger of a political collapse. London official financial circles regard the situation as exceedingly grave, as the collapse will dislocate trade and the exchanges with neighbouring countries, including Germany, which has large financial interests in Austria. It will also retard Great Britain’s industrial recovery, and will increase unemployment. The Austrian Government has urgently appealed to the Allies and also to British' financiers for a loan of £2,500,000. The total value of the paper' money now in circulation is 174,000,000,000 kroner.—A. and N.Z. Cable. ITS A GOLDEN RULE—"Strike while the iron is hot.” PENROSE’S FURNACE IS! MELTING PRICES ALL THE TIME. THEY 1 ARE NEXT TO NOTHING NOW. HOP IN AND BUY WHILE THE PRICES ARE DOWN. COATS AND COSTUMES. Creme Blanket Cloth Coat, with blue stripe; fancy pockets and belt. Usual price, £6 6s. SALE PRICE. 19s 6d. One only Brown Striped Costume Coat, with pockets and belt. Usual price, £lO 10s. SALE PRICE, 455. Smart Blanket Cloth Coats, in grey and eaxe, with pockets and belt. Usual price, £6 6s. SALE PRICE, 19s 6d. One only Dark Brown Odd Costume Coat. SALE PRICE, 2s lid. Few only Black Serge Costumes, coat with belt and gathered skirt. Usual price, £5 ss. SALE PRICE, 29s 6d. One only Reseda Green Costume Coat, with creme collar and trimmed fancy stitching. Usual price, £lO 10s. SALE PRICE, 455. One only Blaok Sergo Odd Costume Coat. SALE PRICE. 5s lid. Smart Blanket Cloth Coats, in creme, with large striped collar- handy fop picture wear. Usual price, £6 6s. SALE PRICE, 29s 6d. Pretty Rose-coloured Blanket Cloth Coat, inset sleeve and bolt. Usual price, £6 6s. SALE PRICE, 29s 6d. THIS WEEK’S OUT-TO-BE-SOLD BARGAINS ARE WONDERFUL. LOSE NO TIME. ALL WILL SOON GO. Lot I.—Heavy Brown Turkish Towels for bedroom use; half-price. Usual prise, 3s. SALE PRICE, la 6d. Lot 2.—Big White Hand Towels, halfprice. Usual price, 2s 6cL SALE PRICE, la 3d. 6 pieces Brown Roller Towelling, halfprice. Usual price Is 6d. SALE PRICE, 9d. Single Bod Honeycomb Quilts, fringed, half-price. Usual price, - 255. SALE PRICE, 12s 6d. Double Bed Honeycomb Quilts, fringed, half-price. Usual price. 36s 6d. SALE PRICE, 18s 6d. 3 pieces only 80in White Twill linonfinish Sheeting: extra value. Usual price, 5s 6d SALE PRICE, 2s lid, 10 pieces Soft Heavy White Flannelette for children’s use. Usual price. Is 9d. SALE PRICE, lljkl. 10 pieces only Fine White Calico; special • peerless quality. Usual price, Is 9d. SALE PRICE, Hid. . 25 pairs Single Bed Whit© Herringbone Sheets; fin© make. Usual price, 22s 6d. SALE PRICE,. 12s 6d per pair. 100 Pure Linen Tea Towels, hemmed ready for use. Usual price, 2s 6d. SALE PRICE, Is 6d. • 15 pieces Striped Shirting for boys’ wear Usual price, 2s 6d. SALE PRICE, Is 3d. 15 pieces Cretonnes, assorted designs and colourings; half-price. Usual price, 3s. SALE PRICE, Is 6d. 2 rolls Heavy Coir Matting, 36in wide; slightly soiled ; for kitchen rugs and runners Usual price, 5s lid a yard. SALE PRICE, 3s lid yard. 1 only "Cuba” Art Carpet Square, fawn and blue colourings; half-price; size 9ft x 6ft. Usual price, 655. SALE PRICE, 32s 6d. 3 only "Cuba” Art Carpet Squares, brown, fawn, blue colourings; half-price; size 9ft x 7ft 6in. Usual price, 70s. SALE PRICE,, 34s 6d. 1 only “Cuba” Art Carpet Square; size 9ft x 12ft; brown and blue colouring; halforice. Usual price. £6. SALE PRICE, 59s 6d; 50 "Economy” Hand-made Rag Rugs. These rugs wear for years. They are made in two-tone "revs, browns, fawns, with small borders; suitable for kitchens or bedrooms. Usual price, 22s 6d. SALE PRICE, 13s 6d. 150 Feather Pillows. Usual price, 7s 6d. SALE PRICE, Is. W. PENROSE & CO. GEORGE STREET. —Advt