LOAN FOR AUSTRIA.
I GUARANTEED BY BRITAIN. (British Official Wireless.) J RUGBY, Dec. 20. I The House of Commons to-niglrt approved of a resolution authorising 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 me million gold shillings. The Chancellor of the Exchequer, Mr Neville Chamberlain, explained that the protocol provided on the side of Austria for internal reforms, including balancing of the Budget, and aimed at abolition of exchange control and a strengthening of the National Bank. The Austrian Gov-, eminent undertook to meet in future all its foreign obligations. The proceeds of the amount of the loan to be guaranteed, by the British Government are to be used to repay a temporary advance made by the Bank cf England last year.
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Manawatu Standard, Volume LIII, Issue 22, 22 December 1932, Page 7
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152LOAN FOR AUSTRIA. Manawatu Standard, Volume LIII, Issue 22, 22 December 1932, Page 7
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