AUSTRIA’S PLIGHT.

Taranaki Daily News, 15 June 1922, Page 5

AUSTRIA’S PLIGHT.

PRICES CAUSE CHAOS. ALLIES' HELP SOUGHT. DANGER TO EUROPE. By Telegraph.—Press Assn.—Copyright. Received June 14, 8.30 p.m. Vienna, June 13. There was a panic on the Bourse owing td the rise in the exchange. The workmen’s council passed a resolution declaring that if the Entente will not help Austria Germany must be asked to found a note issuing bank in Austria, which would take over the obligation to exchange the crown into marks at fixed rates, Germany at the same time granting a loan of eight milliards of marks to cover Austria’s deficit. Owing to the fall in the value cm the kroner the price of meat has increased .from three thousand kroner per kilogram in May to ten thousand; sugar has increased by seven hundred, and coffee by seven thousand kroner per pound. A single tram fare is now 150 kroner and taxi fares are fifteen hundred times what they were before the war. The Neues Wener Tageblatt declares there are only three possible solutions, viz., immediate help from thy Allies, union with Germany, or social cnaos, which will furnish the impetus for an earthquake throughout Europet. Aus.N.Z. Cable Assn.