AUSTRIAN FINANCE
BANKRUPTCY AVERTED BANK OF ENGLAND’S HELP LONDON, June 18. The dramatic decision of the Bank of England to provide a credit of £4,500,000 has averted a probable declaration of Austrian bankruptcy, says the NewsChronicle correspondent. Negotiations between tlie Austrian Government and French bankers broke down owing to French political demands. Vienna newspapers welcome the action as showing that British financiers are prepared to apply their vast resources to the restoration of European finance.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17498, 19 June 1931, Page 7
Word Count
75AUSTRIAN FINANCE Poverty Bay Herald, Volume LV, Issue 17498, 19 June 1931, Page 7
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