In 1926 the balance of trade against Austria was $156.000.000. and in 1927 the balance of trade against her was $155.000.000. The condition in Austria by the use of this new capital has greatly improved and by economies she has practically balanced her budget. though she has no surplus revenue for any purpose. Austria is compelled to send out of Austria about $30.000.000 a year for the payment of interest and other charges on her foreign Indebtedness. and about the only way she is able to get this foreign exchange to meet thee obligations is from vhat are called invisible items. the money expended there by tourists and remittances from immigrants in different countries. The most valuable economic asset Austria has is its central location in Europe and its railroads. its telephones and telegraph lines. These railroads and telegraph lines are nominally owned by separate corporations. but the Austrian Government owns all of the stock of these corporations.
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immigrants