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...Sunday the BBC repeated a solemn announcement that "the Right Honorable Sir Stafford Cripps, Chancellor of the Exchequer," would have something important to say at 9:15 that evening. When the hour came, Sir Stafford, in clipped, clear accents, spoke into a microphone at No. 10 Downing Street: "Good evening. I don't think I need tell you that I've just got back from the United States, where I have spent the last fortnight with the Foreign Secretary trying to work out, with our Canadian and American friends, some solution to a very serious problem...

Author: /time Magazine | Title: ECONOMICS: Devaluation | 9/26/1949 | See Source »

...London theater last week a quartet of actors, togged out as Prime Minister Clement Attlee with his Ministers Sir Stafford Cripps, Ernest Bevin and Herbert Morrison, sang a doleful parody of a tune from Oklahoma...

Author: /time Magazine | Title: ECONOMICS: Gravel for the Wheels | 9/12/1949 | See Source »

...They linked arms and beamed for cameramen. Bevin remarked that they were on "one of the most important missions in history." Someone yelled from the dockside, "Bring us back some dollars!" Bevin said: "I would ask the public not to expect to find the solution in a moment." Sir Stafford smiled toothily at his colleague's statement. "Good," he applauded. "Well done...

Author: /time Magazine | Title: ECONOMICS: Gravel for the Wheels | 9/12/1949 | See Source »

...Practical Approach. Last week an advance guard of experts was already at work in Washington, examining a preliminary statement of Britain's situation furnished by London. Sir Stafford Cripps, who will be the British delegation chairman, secluded himself in his Gloucestershire home, jotted down neat notes (appropriately in red ink) from a pile of Treasury briefs that mounted during the week from 20 to 42. He was reported, among other things, to be weighing the chances and consequences of a further slash in U.S. imports to slow the alarmingly rapid drain of his country's dollar reserves...

Author: /time Magazine | Title: THE NATIONS: Briefing for Washington | 9/5/1949 | See Source »

...allotment; a cut in U.S. tariff duties on British goods, an easing of U.S. customs red tape, and permission to save dollars by discriminating more freely against certain imports from the U.S. (i.e., buying goods, instead, from America's competitors if they can furnish them more cheaply). Sir Stafford Cripps was still reported stubbornly opposed to devaluation of the pound, but there was growing feeling in Britain that devaluation, while a severe and only incomplete measure, might be a good thing in the long...

Author: /time Magazine | Title: THE NATIONS: Briefing for Washington | 9/5/1949 | See Source »

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