GREAT BRITAIN: The Public Purse

In the great Egyptian Hall of London's Mansion House last week deft waiters in knee breeches had removed most of the elaborate silver service and distributed the nuts and raisins. The King's Health had been drunk, gentlemen were free to smoke. The occasion was the annual dinner of the retiring Lord Mayor to the merchants and bankers of London. Bull-voiced, the Lord Mayor cried:

"Pray silence, milords and gentlemen. . . . I give you the Chancellor of the Exchequer and Prosperity to the Public Purse."

Neville Chamberlain, buttoned into the gold-laced uniform of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!