Word: lyttelton
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...aspire to join later) must try to adopt realistic budgets, stabilize prices and wages, bring exports & imports into reasonable balance-all factors affecting the purchasing power of currency. If they succeed, the Fund can help them. If they fail, the Fund offers no remedy, and Tory M.P. Oliver Lyttelton's quip will hold true: "It is not the least good putting up a mosquito net to try to keep out a charge of wild elephants...
Though it had all been blueprinted in general, Tory backbenchers squirmed, looked to the front benches for a word of protest, a challenge to debate. Winston Churchill's chair was vacant. So was Anthony Eden's. Oliver Lyttelton had to respond. He did, weakly, with a parliamentary point that was out of order. Laborites laughed and catcalled...
...Test of Lyttelton. Many Britishers, even politicians and businessmen, were not yet aware of the immediate seriousness of the problem of getting back into business and increasing British exports. Said London's Economist last week...
...supreme test of Mr. Lyttelton will be exports...
Ruthless Efficiency. Oliver Lyttelton last week faced at least part of this issue. As he swept like a new broom into the Board of Trade, he declared: "If we had to live mainly on the indigenous resources of this country we should perhaps be able to support 15 million and not 45 million people. . . . Let us see that we get the labor and the materials. Let us see that they are used in a farsighted and ruthless way to bring our industries to the highest state of efficiency...