One of the objects of the Bank for International Settlements, as laid down in Article 3 of its Statutes, is “to act as trustee or agent in regard to international financial settlements entrusted to it under agreements with the parties concerned”. This text was adopted pursuant to the Final Act of the Hague Conference of 20 January 1930, and has remained unaltered since then. In fact it formed an annex to the Constituent Charter of the Bank, the text of the Constituent Charter being itself embodied in the convention respecting the Bank for International Settlements entered into at The Hague between the Governments of Germany Belgium, France, the United Kingdom, Italy and Japan of the one part and the Government of the Swiss Confederation of the other part. This Convention was one of the many separate but related agreements which were simultaneously executed, or approved in form, at The Hague on 20 January 1930 to give effect to the Young Plan and thus settle the reparations question.