Word: snowden
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...Philip Snowden is a country mouse. In the Chancellor of the Exchequer's honest squeak there is power, much reverence for God and small regard of men. Indeed what he said last week chiefly embarrassed the Labor Government of which he himself is the most brilliant member. Some 21 radical Labor M. P.'s threatened to leave the party...
...League for the Prohibition of Cruel Sports to the Governing Body of Eton College. Signers of the epistle included three Bishops, many an artist and novelist, Theosophist Annie Besant, Chief Rabbi Joseph Herman Hertz, Secretary for Home Affairs John Robert Clynes, Baron Passfield, Chancellor of the Exchequer Philip Snowden. Eton's Governing Body made no haste to send an answer...
Vexed though British and French fiscal circles may have been at the U. S. last week, the British and French treasuries were far more vexed at each other. Ever since testy Philip Snowden took office as Chancellor of the British Exchequer (TIME, June 17, 1929) he has been trying to browbeat the French Treasury into paying interest and principal to British holders of France's War loan bonds in gold francs instead of paper...
...franc was worth 19.3˘, the present franc is worth 3.9˘. If the French did as Mr. Snowden has repeatedly demanded that they must do. they would repay British bondholders the equivalent of $327,500,000. But in a final, stiff note to Mr. Snowden the French Treasury has just: i) refused to submit the dispute to arbitration; 2) postulated again and for the last time that the British bondholders will be paid in the revalued franc. On this basis they would receive...
...dealing with certain smaller powers who borrowed from her in pre-War francs, France has successfully demanded that they repay her at the pre-War rate of 19.3˘gold per franc. But she will not pay Britain more than 3.9˘ she defies Mr. Snowden, and he last week appeared to be powerless. Said London's Financial Times...