GREAT BRITAIN: Jimmy's Paradox

The traditional knowledge of British subjects that their civil servants are incorruptible was at stake last week as a verdict was handed down on the recent case in which part of Chancellor of the Exchequer Neville Chamberlain's new Budget leaked out in advance to speculators who made small killings by insuring with Lloyd's Underwriters against new and higher taxes (TIME, May 4 et seq.). Because the secrets thus disclosed in criminal violation of the Official Secrets Act were known to every Cabinet member, to high Treasury civil servants and even to Government...

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