asked the Secretary of State for Foreign Affairs what were the terms of the sale of the British-sponsored Vienna newspaper "Weltpresse."
The contract for the disposal of "Weltpresse" was in fulfilment of an agreement made with the Austrian Socialist Party in 1946, as I explained on the 18th September in answer to a Question by the hon. Member for Carlton (Mr. Pickthorn).The form of the transaction was a contract under which we agreed with effect from 1st September, 1950, to relinquish our rights to have the paper produced on the premises belonging to the Austrian Socialist Publishing Company, and to authorise the latter to use the title "Weltpresse." The consideration was a sum of 300,000 Schillings. The Austrian Socialist Publishing Company undertook to reimburse the British Element of the Allied Commission for any staff liabilities due in accordance with Austrian Law after 31st August.