In the Chateau de la Muette, onetime Parisian home of the Rothschilds and now, appropriately enough, the counting-house of Europe, Britain's Chancellor of the Exchequer Richard A. ("Rab") Butler gave his Continental colleagues the best financial news this year. Britain, he said, will relax trade restrictions to allow another $90 million worth of imports from Western Europe. British tourists will henceforth be allowed to take abroad £40 ($112) apiece instead of the £25 ($70) permitted before. "The United Kingdom," Butler told his fellow members of the Organization for European Economic Cooperation, "is determined to play the part of the good European."
Butler...
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