New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-04
Credit Granted
For Relief Of
Central Europe
Britain Heads Countries
That Will Aid Austria,
Hungary and Others in
Work of Reconstruction
|. S. Sending Supplies
France and Argentina Are
Ready to Join Movement;
SIovaks To Be Assisted

PARIS. June S-New and substan
:, .redits fo- the relief and recon.
I.,ion Of Central European coun-
.-sss including Austria and Hungary
s,v. been arranged by the govern
.s,.s OF Great Britain, Denmark, Hol.
~ Norway. Sweden and Switzerland
uss announced today by the Inter
...;onsl Committee for Relief Credits
-sa credits are mainly in the form o!
~ materials and fesi Althov,h the
r,i,.d States IS not officially repre-
It'd on the committee it is cooperat-
=, in q large way, it is stated. by
,,rov;d!rg extensive commodity credits
.,r Central Europe.
The French government, the com
-.r.es's statement points out, IS ready
T. ssk the Chamber OF Deputies for the
rs,essary resources in order that
france may participate in the relief
r.ars. The Argentine government has
,7.roduced a bill authorizing an ad-
sg,cs Of credits amounting to $4,000
no0 French francs, while the Italian
government Is contemplating a credit
=: 100000 900 lire Belgium, Canada
end Spain have been approached but
nav. not sent replies.
Common Bond Is Planned
n. credits will be available for
r,scho-Slovakia, Jugo-Slavia, Rumania,
me Baltic states, Armenia, Austria and
Hungary. Each country extending
e-edits is free TO select the country
i desires to benefit by it's credits, but
agrees TO accept common form of
Sond as security. In the case of Aus
t-s and Hungary these bonds will be
accorded priority over reparation pay
nsn.s
III. arrangement is regarded a. an
important step in assisting the coun-
tres in question 10 get back on q nor
nal basis In the committees view, it
has come just in time TO avert disas-
.e. IN some places.
The definite amounts Of the credits
granted. SO Ear as is known, are: Den
mark, 100000 kroner: Norway, IL
10000 kroner; Sweden. 10000 GOO
s-oner: Great Britain, f1O 900 0o0;
Holland, 12.500.0o0 forms. ard Switz-
GRAND, 100000 Swiss francs.
Relief Supplies Distributed
While arrangements were being made
ior the new credits, the statement says,
IRE committee distri buted large relief
supplies Austria is now ABOUT to re-
ceve from The United States 200 700
IONS Of wheat -four, the shipping for
sich vas supplied and paid for out Of
re British credits Austria also IS re-
ce~.ng ont o. The British credits
coasig1ments o. 5000 tons Of frozen
mutton and 1000 tons % bacon. Swift
lsFland's credits. i- is proposed. will
provide Immediately FOR Austria 10000
cases OF condensed milk and supplies
O. chsese and livestock.
I ne French and Argentine credits
are finally granted they will be used
70 supply cereals and other foodstufrs.
Na-otiations are under way 70 supply
Azsts.s with maize, cheese, herrings
and sugar or credit from Holla7d; CT
=. hogs. margarine, FISH and oil from
m ark. and also various foodStuFs
i'm Italy.
Two hundred thousand tons Of four
aFe n the course Of delivery from the
United States 20 Poland. and $4,000
tons . Czecho-Slovakia. Hungary also
IS getting 5000 tons OF -four from
america, and Armenia $4,000 tons. In
ADDITION. the committee is arranging
70 provide Industrial materials which
Ray IN tprn be utilized for exchange
IN ire worlds markets for further raw
materials or supplies, thus assisting in
establishment Of the cycle Of trade