Word: runcimanned
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Dates: during 1930-1939
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...Runciman Paradox- In London last week came this supreme paradox: Tycoon Walter Runciman, the great Liberal shipping man (Royal Mail and associated companies) whose family stands rooted in the business and politics of Free Trade, was obliged personally to draft and put into effect measures making nearly all manufactured articles liable to a British tariff up to 100% ad valorem. Thus historically he hauled down the standard of Free Trade...
...Liberal Runciman's amazing about-face resulted from the fact that Free Trader James Ramsay MacDonald now heads a National Government supported by the largest Tory majority in British history (TIME, Nov. 9). Since the War tariffs have again become a leading Tory policy. Against his will, Mr. MacDonald was forced to appoint as Chancellor of the Exchequer famed Tariff Champion Neville Chamberlain. Next April or sooner, Chancellor Chamberlain will bring in an ironclad British Tariff Act, sure to pass. But emergency tariff measures are in the hands of Britain's obscurest cabinet ministry, the Board of Trade...
Northumbrians are easily drastic. Calmly Northumbrian Runciman brought in a bill (promptly nicknamed "The Abnormal Imports Act") vesting in his Board of Trade supreme power to issue Orders in Council upping Tariffs for the next six months on "manufactured articles and manufactures" (which in the King's English includes such things as gasoline). Unctuously over the good British signatures of President Runciman and two Treasury Lords, G. H. Shakespeare and A. U. M. Hudson, the Board of Trade declared itself "satisfied" last week that all the articles mentioned in the bill "are being imported in abnormal quantities...
President of the Board of Trade, Walter Runciman, National Liberal...
...William McLintock's presentation of the situation White Star shareholders agreed to grant a few more months of grace. Immediately afterwards Royal Mail debenture holders voted to let this company borrow another $1,250,000 to provide working capital during their company's reconstitution. Walter Runciman has until next June to save Lord Kylsant's great Armada from foundering forever in the deep sea of liquidation...