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Austria (Loans)

Volume 159: debated on Wednesday 29 November 1922

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8.

asked the Under-Secretary of State for Foreign Affairs how many and which European countries have advanced loans to Austria during the past 12 months, and in what amounts, respectively; and hew many and which countries, if any, are to be associated with the British Government in the proposed forthcoming loan?

I understand that the following sums have been placed at the disposal of Austria by the Governments shown below, in addition to the amount of £2,250,000 advanced by His Majesty's Government:

France55,000,000 francs.
Italy70,000,000 lire.
Czecho-Slovakia500,000,000 Czech crowns.

The Governments which have so far agreed to share in the new guarantee under the League of Nations' scheme are those of Great Britain, France, Italy, Czecho-Slovakia, Spain, Belgium and Switzerland.

Will these advances be in proportion to the population of each country, or on what basis will they be arranged?

A Bill will be introduced this Session dealing with the whole matter, and I shall be able to make a statement on that occasion.

Is it not a fact that hon. Members cannot put them into terms of sterling because they do not know the dates for the rates of exchange?