AUSTRIA BANKRUPT.
GOVERNMENT TRANSFERRED TO ALLIED COMMISSION. By Telegraph—Pre3» Association —Copyright. Australian and N.Z. Cable Association. VIENNA, January 12. The Austrian Government has exhausted its funds, and has determined to resign on January 15 and hand over power to the Reparation Commission, in the hope that the Allies thus will be forced to provide Austria with essential financial support. ~ DRASTIC PUNISHMENT FOR PROFITEERS. VIENNA, January 11. An inquiry into the cost of" living has opened. The Chancellor stated that a Bill is being introduced into the National Council providing ten years’ imprisonment or a. fine of a million crowns for profiteers. He declared that the great masses of the people were working their hardest but were unable to earn sufficient to procure the barest necessities. The only remedy was to stabilise exchange. Increased production would mean ample foreign credits. Labour delegates demanded corporal, even capital, punishment of profiteers.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19210113.2.25
Bibliographic details
Star (Christchurch), Issue 16324, 13 January 1921, Page 4
Word Count
148AUSTRIA BANKRUPT. Star (Christchurch), Issue 16324, 13 January 1921, Page 4
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in