Word: chancellor
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Dates: during 1950-1959
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...stands at about $2.8 billion. Last week after Timken Roller Bearing Co. had offered $30.5 million for the outstanding British-held shares of British Timken Ltd., Laborite Harold Wilson rose in the House of Commons to ask whether the trend was not "cause for alarm or action." Calmly replied Chancellor of the Exchequer Derick Heathcoat Amory: "I should remind you that the amount of net investment we have made abroad enormously exceeds any net foreign investment made in this country over recent years." Wrote the News Chronicle's Michael Gassman: "There should be no scare that the Yanks...
Died. Egon Reinert, 50, Prime Minister of the Saar, a leader in Chancellor Adenauer's Christian Democratic Union Party, who became the Saarland's Prime Minister in June 1957, five months after the French relinquished the control they had exercised over the region since the end of World War II; of auto-crash injuries; in Saarbrücken, West Germany...
...Successors. Since the party's unwritten rule requires that the two top offices may not be held by men of the same faith, Catholic Konrad Adenauer's successor will presumably be a Protestant. The three leading candidates: Vice Chancellor Erhard, 62; Gerstenmaier, 52; and Finance Minister Franz Etzel, 56. Of the three, Etzel, a colorless Ruhr corporation lawyer would be most apt to follow Adenauer's tutelage in foreign affairs unquestioningly. Because Gerstenmaier is ready to trade away Germany's NATO membership if it will buy reunification from the Russians, he is less likely...
Thus aroused, Adenauer became abnormally sensitive to public hostility toward Germany in Britain-a feeling first revealed by the chilly reception that British crowds gave West German President Theodore Heuss during his state visit to England (TIME, Nov. 3). Unforgivingly, the Chancellor has kept track of anti-German blasts in Lord Beaverbrook's Daily Express and the tasteless comments of Daily Mirror Correspondent Cassandra (William Neil Connor)-who last week compared Adenauer's attitude on Berlin negotiations to "the rigidity of Hitler at Munich...
...British taxpayer got good news last week. Last year Chancellor of the Exchequer Derick Heathcoat Amory put through such a severe anti-inflation budget that he now had a large cash surplus. So this year he was able to put an extra billion or more into the hands of spenders and investors. Items...