The Hague:
Delegates to the Second Reparations Conference
reach agreement on timelines for German war debt payment, sanctions if they
default, and other issues. Germany’s
Reichsbank President, Hjalmar Schacht, opposed by letter the international bank
for settlements, which is part of the deal, saying the Reichsbank could not
subscribe to capital of the bank because the terms of the Young Plan had been
modified. But after briefly considering
Schacht’s comments, the conference agrees to move forward, and not let what it
calls purely “political” objections stand in the way. The committee charged with organizing the
bank is instructed to continue, regardless of whether the Reichsbank
participates. The rest of the German
delegation assures the Allies they will go along with the plan.
China:
In addition to the ongoing suffering of the
civil war, reports out of the Shensi and Shansi provinces say that 2 million people
– one-third of the population -- have died of starvation in the past year.
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