Word: chamberlaine
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Storrow Scholarship: Robert F. Chamberlain, Gr.E.S., of Boston...
...Neville Chamberlain, buttoned into the gold-laced uniform of a privy councilor, rose up before a decoration-studded audience which knew that the pound had just performed a spectacular swoop on 'change and that the unrepentant Labor Party was about to try to put England into 100% Socialism. But, unlike any other of the world's chief Finance Ministers, Mr. Chamberlain had the facts of prosperity on his side. Said...
...Scandinavian and other currencies which are linked to sterling through the economics of world trade. Down went the yen, so that Japanese exporters would not lose the markets they have lately gained. And when the international debate about the future of sterling grew raucous, Chancellor of the Exchequer Neville Chamberlain either lied in his teeth or confirmed the world's worst fears when he said, in effect, that old England gave not a tinker's dam what the value of sterling might be in dollars. Hope of stabilizing the world's currencies in the near future was stifled...
...brightest young men in the present British Government is dapper, self-confident Major Leslie Hore-Belisha. With a fine record as Financial Secretary to the Treasury under Neville Chamberlain, he was made Minister of Transport in June when Press and Government began worrying about the alarming number of fatal automobile accidents in Britain. During most of the summer they have averaged about 150 a week...
Rising in the House of Commons last week, Chancellor Chamberlain said that while he is not yet ready to revoke Britain's foreign loan embargo entirely he is willing "to consider special cases" and make important exceptions to authorize loans which are sought under two major heads: "'First, Sterling issues by a country within the Sterling bloc where the loan is needed to increase Sterling assets of that country and so to minimize the fluctuations of exchanges; second, Sterling issues on behalf of any borrower where the proceeds are calculated mainly to produce direct benefit to British industry...