Word: thorneycroft
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...underwriting syndicates embrace 5,316 moneyed members-double the total in 1945-who collectively put up pieces of their personal fortunes and are liable for losses down to their last collar button. Membership is prestigious and highly prized. Among the current insiders are four Cabinet ministers (Hailsham, Maudling, Sandys, Thorneycroft), 52 M.P.s (predominantly Tory), Tycoons Charles Clore and Sir Isaac Wolfson, Actor Kenneth More and five dukes, eight marquesses, 39 earls, 90 knights and 113 baronets...
Last November Secretary of Defense McNamara decided to cancel the development of the Skybolt air-to-ground missile. After making the announcement to the press in early December, McNamara flew to England to explain his decision to British Defense Minister Thorneycroft, who flatly informed McNamara that such a move was wholly unacceptable. During the following week the British press blasted the Kennedy Administration for its tactlessness and infidelity. Stunned government officials, including a large number of M.P.'s, began talking of reprisals and an "agonizing reappraisal" of Anglo-American relations. At Nassau, a hand-wringing Macmillan accepted...
...launched missile named Skybolt. But late last year Skybolt was churned through McNamara's cost-performance computers and found wanting: as a weapon, McNamara decided, Skybolt was simply not worth the money and effort. His decision made, McNamara flew off to London to tell British Defense Minister Peter Thorneycroft the bad news. McNamara had not reckoned on the reaction. Harold Macmillan's Tory government was already on shaky political ground; its Labor opposition was always easily stirred on nuclear matters, and Macmillan and Britain had based all their long-range nuclear hopes on Skybolt. McNamara's cancellation...
Five Failures. U.S. Defense Secretary Robert McNamara has not included any new funds for Skybolt in his next defense budget. Last week in London, he explained why to British Defense Minister Peter Thorneycroft. In five flight tests so far, Skybolt's first stage has three times either failed to ignite or properly to lift the bird; twice, the second stage failed to fire. McNamara stressed Skybolt's "enormous complexity,'' noted that Skybolt development is lagging a year behind schedule, argued that the U.S.'s silo-protected, fast-firing Minuteman ICBM has vastly diminished the need...
...years in prison. Labor M.P.s in the House of Commons kept the case alive, not only to embarrass the government, but also with the reasonable aim of finding out how the British security system could have been so ineffectual. They had little help from Defense Minister Peter Thorneycroft, who seemed to treat the case with man-of-the-worldly flippancy. Thorneycroft breezed: "It's been said this man lived above his income in Dolphin Square. How many of us are not living above our incomes in various squares...