BRITISH LOANS TO AUSTRIA
INTERNAL REFORMS REQUIRED. 1 . r T ’?• * r; ■'.’-’A '.. (British Official Wireless.) - Rec. 5.5 p.m. Rugby, Dec. '2O. . The House of Commons to-night auth- ... orised the Treasury, in pursuance of the Austria protocol drawn up at Geneva on July 15 to guarantee the payment of principal and interest on a loan; of such amount as would produce a sjnn not more than 1,000,000 gold shillings. > \ The Chancellor of the Exchequer (Mr. Neville Chamberlain) explained that the. ■ protocol provided dn the side, of-Austria . . for internal reforms, including the balancing of the Budget, and aimed jst abolition of exchange control and strength-' ening the national bank. The Austrian - Government undertook to meet in future all its foreign obligations. The loan, to be guaranteed by the British Government was to be . used to repay a tern- , ' porary advance made by the Ban ll ' of England last year.
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Taranaki Daily News, 22 December 1932, Page 5
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147BRITISH LOANS TO AUSTRIA Taranaki Daily News, 22 December 1932, Page 5
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