When Austria was taken over by Germany three months ago the little nation owed a total of $400,000,000 in foreign debts. No one seriously expected Germany to continue payments on these and last week, when the first interest payments after the anschluss came due, Germany defaulted on three Austrian foreign loans totaling $230,000,000 which were largely held in the U. S., Great Britain, France.
A British commission, under Sir Frederick Leith-Ross, Chief Economic Adviser to His Majesty's Government, came home from Berlin last week to report that the only payment the...
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