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Show LONDON. April 2-1. "Despite the great difficulties against which Austria has 10 struggle there are still prospects pros-pects of her economic survival," de-clnn-n Or. Karl Renner, state chancellor chancel-lor of the republic of Austria, in an interview in-terview with the correspondent of the Sunday Times. "The chief requirement is that England and America grant credits to enable her to set her industries indus-tries going at full speed. "wnerever one looks there are signs present of a general desire for regular work. Moreover, confidenco is spread-iiit; spread-iiit; abroad because of the maintenance of oraer in Austria, and as a result of reallxaion of her economic opportunities. "During the last months the number of unemployed has been considerably reduced, partly as the result of a severe se-vere control of unemployment allowances allow-ances and partly because of Ibe industrial in-dustrial activity. The sum to be devoted de-voted to payment of these doles will plav a very unimportant part In the coming budget. "Expenditure for the civil service officials of-ficials will naturally be considerable. But the number of them is not nearly so largo as has been stated in certain exaggerated accounts. ' The chief cause of the budge! deficit defi-cit is that of the depreciation of the currency. As a result of trad-: restrictions re-strictions on tho part of the countries on hoi borders, which countries for inerly covered all her requirements m foodstuffs, together Avilh the -!nnsi 'er-able 'er-able decrease in production during the war, Austria is forced to obtain means of sustenance from America, although because of the present raU: of -chrtnge. prices paid for these supplies are enormously high. All the same, un immediate return to the prices of the world market parity would lead to sc-r'-.-iib social convulsions, and it is for ;hi3 reason that the slate bears (he btrden of tho difference between ihe purchase prices abroad and tho s-.-lHng prices at home. "Austria can offer very prciitable possibilities for the investment of foreign for-eign capital. Her forests and her water powri form a basis for great industrial development. Before the war there were many English firms which had flounshing factories in Austrki, such as sewing cotton mills, factories for cellulose fabrics, engineering works, etc " nn . |