Friday, January 3, 2014

Friday, 3 January 1930: Second Reparations Conference Opens

The Hague:  

The second conference of the Young Plan committee on reparations (or “Second Reparations Conference”) opens.  The committee was established in 1929 when it became apparent that Germany could not meet its war debt payments under then-existing terms.  In its first meeting, the committee drafted the plan, which has since been circulated among the participating nations (including the U.S., Germany, Great Britain and France).  The Young Plan is expected to be adopted at this meeting.

Prime Minister Henri Jaspar of Belgium, who is presiding at the conference, urges the delegates to work expeditiously, as many of them also want to attend the London Naval conference, scheduled to start in about two weeks. 

Brussels:  

The train carrying Princess Marie Jose to Rome for her wedding to Italy’s Crown Prince Umberto leaves Belgium.  Due to bomb plots, the train will take a secret, flexible and circuitous route. 

Amsterdam:  

The Amsterdam Bureau of the International Federation of Trade Unions releases a statement saying that the fascist government of Benito Mussolini has resulted in real wage decline of 20 to 40% in Italy since he came to power in 1922.  

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