Warburg Explains Loan to Hungary and Austria
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Warburg Explains Loan to Hungary and Austria

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In an interview with the representative of the Jewish Telegraphic Agency today, Felix Warburg, who has come here to attend the Joint Distribution Committee conference, declared that the first news of the participation of Kuhn, Loeb and Company in the international loan for Hungary came to him after his departure from America.

Mr. Warburg said that he had since learned that the share of the Kuhn, Loeb and Company in the Loan was principally in the Austrian phase. Conditions in Austria were much better, he said, and the further improvement of the situation by means of the loan would be reflected also in improvement of the situation of the Jews there.

Before leaving Austria, Mr. Warburg will confer with the President of Austria, Herr Hainisch.

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