GREAT BRITAIN: Great Expectations

Britain's Margaret, the world's most eligible princess, was giving her suitors—and the breathless watchers of royal romance—a breathless time. Just when London was momentarily expecting an announcement of her engagement to Walter Francis John ("Johnny") Montagu-Douglas-Scott, Earl of Dalkeith and heir to the Duke of Buccleuch, Margaret began to be squired about by young-man-about-town William ("Billy") Wallace, son of the late Captain Euan Wallace, M.P. and Minister of Transport in Neville Chamberlain's government.

As Margaret's escort at the Goodwood ball this year and companion during the Goodwood races, 26-year-old Billy Wallace could claim to be a close rival of Johnny's....

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