SANK OF ENGLAND LENDS TO AUSTRIA.
£4,500,000 TO SAVE LAND FROM BANKRUPTCY (United Press Assn.—By Electric Telegraph.—Copyright.) BERLIN, June IS. A dramatic decision by the Bank of England to provide a credit of £4,500,000 has averted a probable declaration of Austrian bankruptcy, says the correspondent of the “News Chronicle. 5 ' Negotiations between the Austrian Government and French bankers broke down owing to French political demands. Newspapers in Berlin and Vienna welcome the action as shpwing that British finance is prepared to apply its vast resources to the restoration of European finance.
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Bibliographic details
Star (Christchurch), Volume XLIV, Issue 144, 19 June 1931, Page 1
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91SANK OF ENGLAND LENDS TO AUSTRIA. Star (Christchurch), Volume XLIV, Issue 144, 19 June 1931, Page 1
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