NEWS FROM 100 YEARS AGO : 1 February 1923

1 FEBRUARY 1923

Agreement was made between the UK and USA with regards to repayment of the World War One loans. Previously there had been a dispute about the level of interest rates which should be paid, leading to Stanley Baldwin visiting the United States to be able to negotiate an agreeable figure.

Andrew Bonar Law, the Prime Minister, rejected a request made by Ramsay MacDonald, the Leader of the Opposition, to recall Parliament to discuss the Ruhr valley crisis.

French martial law was imposed in Essen, following their seizure of the Ruhr valley area.

A proclamation was issued by the military in Dublin stating that there would be reprisals if Senator Bagwell, who had been kidnapped earlier in the week, wasn’t released.