Word: heathcoate
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...Amid the stench, few politicians come out smelling like roses. (Not even David Heathcoat-Amory, the Conservative legislator, who put in for $591 worth of horse manure for his garden.) But as in any mess, that hasn't stopped the parties' getting political in their response. And Gordon Brown, Britain's already browbeaten Prime Minister, has had the worst of it. In response to publication Tuesday of his party's own profligate claims, Conservative leader David Cameron was quick to sound contrite. Tory MPs, he thundered, "appalled" by the detail, would be made to cough up for "excessive" claims. Rules...
Chancellor of the Exchequer Derick Heathcoat Amory moved to cut domestic consumption last April by imposing stiff restrictions on installment buying. He followed through last month by raising the bank rate to an anti-inflationary 6%. And Prime Minister Harold Macmillan began a series of pep talks designed to spur sales abroad. "We have always been merchant adventurers," he told a London audience of 400 top businessmen last week. "That is our tradition. I urge you to recruit your fellows into those noble ranks." He noted that "our German friends have coined a word, Exportfreudigkeit, or roughly 'export...
Three of the U.S.'s good friends and hard-bargaining customers agreed last week to take more U.S. goods. They did so with appropriately pretty speeches. "Equity if not gratitude" requires it, said France's Finance Minister Antoine Pinay. Britain's Chancellor of the Exchequer Derick Heathcoat Amory launched into a tribute "to the invaluable help that we and all other countries in the free world have received from the U.S. in economic aid during the difficult postwar period...
...Britain, to be repaid at 4.5% in ten installments from 1960 to 1965. Last week, with Britain's economic rebound having turned into a full-fledged boom, and the first favorable balance of trade with the U.S. since 1865 (TIME, Aug. 31), Chancellor of the Exchequer Derick Heathcoat Amory proudly announced in the House of Commons that Britain was immediately repaying all $250 million, plus $5,500,000 in interest, an impressive 5½ years ahead of schedule...
...Derick Heathcoat Amory, 59, Chancellor of the Exchequer. A tall, angular bachelor who has served ably in several ministries (Pensions, Board of Trade, Agriculture), Heathcoat (pronounced hethcut) Amory never appears to seek power, but is ready and willing when it is thrust upon him. Many British pols believe that he will eventually make his muted, diffident way to the Prime Ministry itself, but his age, even more than Rab Butler's, is against him. For the present he will probably keep his job at the Treasury...