So early as March 1908 Mr Hallo had laid a formal proposal before the House that the charter of the AustroHungarian bank, which was to expire on the 31st of December 19 10, should not be renewed; that negotiations should be opened with the Austrian government with a view to a convention between the banks of Austria and Hungary; and that, in the event of these negotiations failing, an entirely separate Hungarian bank should be established.
He was much tempted by the proposal, and hurried down to Knowsley to consult his father, who called out when he entered the room, " Hallo, Stanley !
In March 1908 Mr Hallo laid before the Hungarian parliament a formal proposal that the charter of the Austro-Hungarian Bank, which was to expire at the end of 1910, should not be renewed; and that, in the event of failure to negotiate a convention between the banks of Austria and Hungary, a separate Hungarian Bank should be established.
