AUSTRIA: Economy

The Republic of Austria should have had a Presidential election by popular vote last week. In 1929 the Constitution was amended to compel the election of the President by the people instead of by Parliament. Last week, almost at the last moment, it was decided that a popular election would be too expensive (estimated cost: $560,000). The Constitution was re-amended. Parliament met and re-elected (at practically no expense) President Wilhelm Miklas for another four years.

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