GREAT BRITAIN: Money & Peels

A polite tempest of gossip and denial that the great Earl of Birkenhead would resign as Secretary of State for India was finally stilled, last week, when he, burly, brilliant and socially lionized, despatched to Prime Minister Stanley Baldwin a lengthy letter. Suave, it concluded: "The moment of parting is always sad. Your own personality has converted a Cabinet which assembled upon the crater of some bitter and recent memories into a band of brothers. I leave them and you with emotion and, if I may be allowed to say so, with...