EXCHANGE COLLAPSE.
CRISIS IN AUSTRIA. CRAVE RESULTS FEARED. INFLUENCE IN BRITAIN. By Telegraph.—Press Assn.—Copyright. Received Jan. 26, 7.25 p.m. London, Jan. 26. The Austrian kroner has collapsed and is quoted at 43,800 to £l. It was 14.000 yesterday. The collapse means an immense increase in the prices of foodstuffs in Austria. It is feared the result will be disorders and riots, while also the danger of a political collapse. London official and financial circles regard the situation as exceedingly grave, as the collapse will dislocate trade and exchanges in neighboring countries, including Germany, which aas large financial interests in Austria. It will also retard Britain's industrial recovery and increase unemployment. The Austrian Government has urgently appealed to the Allies, and also to British financiers, for a loan of £2,500.300. The total paper money in circulation is 174,000.000.000 kroner.—Aus.-N-Z. Cable Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19220127.2.32
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 27 January 1922, Page 5
Word count
Tapeke kupu
140EXCHANGE COLLAPSE. Taranaki Daily News, 27 January 1922, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in