British armament shares were booming at such a rate last week that Labor's irate, pacifist London Daily Herald was able to cite 13 leading issues which have risen an average of 207% since His Majesty's Government started the boom with their $1,500,000,000 program of new armaments (TIME, Nov. 11). Urged to dampen this speculative rise by promising that His Majesty's Government will by law curtail armorers' profits, Prime Minister Stanley Baldwin said: "Great as the power of government is, I am afraid we can't control the speculator, and it would do no...
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