AUSTRIAN LOAN
GUARANTEE BY BRITAIN. APPROVAL BY COMMONS. (British Official Wireless). (Rec. 5.5 p.m.) Rugby, December 20. The House of Commons to-night approved of a resolution authorizing the Treasury, in pursuance of the Austria Protocol drawn up at Geneva on July 15 last, to guarantee payment of principal and interest on a loan of such amount as would produce a sum of not more than 1,009,000 gold shillings. Mr Neville Chamberlain explained that the protocol provided on the side of Austria for internal reforms, including balancing the Budget, and aimed at the abolition of exchange control and strengthening the national bank. The Austrian Government undertook to meet in future all its foreign obligations. The proceeds of the amount of the loan to be guaranteed by the British Government were to be used to repay a temporary advance made by the Bank of England last year.
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Southland Times, Issue 21895, 22 December 1932, Page 5
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145AUSTRIAN LOAN Southland Times, Issue 21895, 22 December 1932, Page 5
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