Chapter 124.
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CHAP. 124.— Joint Resolution Authorizing the extension, for a period of not to exceed twenty-five years, of the time for the payment of the principal and interest of the debt incurred by Austria for the purchase of flour from the United States Grain Corporation, and for other purposes. April 6, 1922.[[S. J. Res. 160](/us/bill/67/sjres/160).][[Pub. Res., No. 46](/us/bill/67/pubres/46).] Whereas the economic structure of Austria is approaching collapsePreamble. and great numbers of the people of Austria are, in consequence, in imminent danger of starvation and threatened by diseases growing out of extreme privation and starvation; and Whereas this Government wishes to cooperate in relieving Austria from the immediate burden created by her outstanding debts:
Therefore be it Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, Austria. That the Secretary of the492Time extended to pay for flour purchased by, from Grain Corporation.Vol. 41, p. 548. Treasury is hereby authorized to extend, for a period not to exceed twenty-five years, the time of payment of the principal and interest of the debt incurred by Austria for the purchase of flour from the United States Grain Corporation, and to release Austrian assets pledged for the payment of such loan, in whole or in part, as may in the judgment of the Secretary of the Treasury be necessary for the*Proviso*.Subject to similar action by other creditor nations. accomplishment of the purposes of this resolution: *Provided however*, That substantially all the other creditor nations, to wit:
Czechoslovakia, Denmark, France, Great Britain, Greece, Holland, Italy, Norway, Rumania, Sweden, Switzerland, and Yugoslavia shall take action with regard to their respective claims against Austria similar to that herein set forth. The Secretary of the Treasury shall be authorized to decide when this proviso has been substantially complied with. Approved, April 6, 1922.