Foreign News: Defeat Accepted

The London sky lowered and thunder rolled in the distance as Harold Macmillan, pale and humorless, rose in the House of Commons last week to put an 'official stamp on the greatest British diplomatic reverse since Munich. "Her Majesty's Government," announced the Prime Minister, "can no longer advise British shipowners to refrain from using the Suez Canal." Payment of canal dues, he went on, would be made in sterling—though Egypt's pre-Suez balance of $300 million, which was blocked by the Eden government, would remain frozen. Curtly, Macmillan said: "A much longer view will...

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