AUSTRIAN FINANCES
BANKRUPTCY AVERTED BANK OF ENGLAND CREDIT (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 18. (Received June 18, at 9 p.m.) The dramatic decision of the Bank of England to provide credit of £4,500,000 has averted a probable declaration of Austrian bankruptcy (says a correspondent of the News-Chronicle). 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
Otago Daily Times, Issue 21365, 19 June 1931, Page 9
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90AUSTRIAN FINANCES Otago Daily Times, Issue 21365, 19 June 1931, Page 9
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