GREAT BRITAIN: New King & Ham Toast

Upon new King George called last week "The Next Prime Minister of the United Kingdom," as many call hawk-nosed, hawk-minded Chancellor of the Exchequer Neville Chamberlain. Meanwhile a bona fide offer of $1,000,000 to go to Hollywood had been cabled to the Duke of Windsor & Mrs. Simpson (see p. 31) and, however remote acceptance was from their minds, it behooved the United Kingdom not to be niggardly with the Duke. At 5%, the interest on $1,000,000 is $50,000 per year and the Chancellor of the Exchequer was presently reported to have...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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