REPARATIONS: In Effect

When the White Star liner Homeric steamed out of New York harbor, there were on board Seymour Parker Gilbert and wife. Mr. Gilbert was en route to relieve Owen D. Young of the arduous duties of Agent General of Reparations (TIME, Sept. 15).

About the same time, a small group of men assembled in the Governor's rooms of the Bank of England and signed an important contract. Chief among the men present were the Rt. Hon. Montagu Collet Norman, Governor of the Bank of England; J. P. Morgan, representing U. S. underwriters; Dr....

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