Word: chamberlaine
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...John, when he recently became Chancellor of the Exchequer, found himself in charge of a new tax trap designed for Rearmament profiteers but so objectionable to many potent Britons that there was nothing to do but hastily scrap the design. Its inventor was the Rt. Hon. Arthur Neville Chamberlain, now Prime Minister, who was Chancellor of the Exchequer when he introduced it in the House of Commons as the National Defense Contribution (TIME, May 3). This bill was to help hugely in paying for Rearmament by taxing of British firms on a sliding scale proportionate to the rate at which...
...standing just outside the House of Lords fidgeting with a black cocked hat. waiting to be inducted. A thin stream of dignitaries trickled towards him-Sir Gerald Woods Wollaston, Garter Principal King of Arms; the Duke of Norfolk, Earl Marshal of England; the Earl of Ancaster, Lord Great Chamberlain; the Earl of Derby and the Marquess of Londonderry, two senior peers. They shuffled into position, marched up the aisle towards the woolsack whereon sat Viscount Hailsham, Lord Chancellor, speaker of the House of Lords. At each three steps they paused to bow. When at last they reached the woolsack, Earl...
...successful British politicians know how to make a virtue of retreat. Next day a contrite Prime Minister rose to his feet, declared: "I do not think I have ever been inclined to show a pig-headed obstinacy." Neville Chamberlain withdrew his tax. He said that Treasury experts were working on a "simpler" corporate profits levy...
Government supporters shouted themselve hoarse. Business leaders whooped with joyous relief. Telegrams praising the Prime Minister's "wise statesmanship" and "high courage" poured into No. 10 Downing Street. Stock Exchange prices, especially of base metals, shot upward. Neville Chamberlain had no cause to regret his "commonsense attitude...
...early 1933 during the U. S. banking crisis, Britons waited anxiously for some clue to their Government's financial policy. Over Chancellor of the Exchequer Neville Chamberlain's signature a letter appeared in the London Times, and the country devoured it eagerly. Excerpts: "It may be of interest to record that in walking through St. James's Park today I noticed a grey wagtail. . . . Probably the occurrence of this bird in the heart of London has been recorded before, but I have not myself previously noted it in the Park. P.S. . . . I mean a grey wagtail...