Foreign News: Again, Surplus

On few Britons does Olympian self-satisfaction sit more easily than on the Chancellor of the Exchequer, chill, patrician Arthur Neville Chamberlain, who has given Britain three budget surpluses in succession. That for 1934-35 helped win for the Conservative Party last year's British general elections. Last week, as fiscal 1935-36 closed, Chancellor Chamberlain let it be known that he had underestimated the surplus by two-thirds, thus doing his bit to reconcile Britons to a walloping rearmament program and a possible budget deficit for 1936-37. Instead of £5,610,000 ($28,050,000), the 1935-36 surplus had...

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