GREAT BRITAIN: E. G. S.

In his pre-election campaign speeches, one of the innovations promised by Prime Minister Ramsay MacDonald in the name of the Labor Party was an “Economic General Staff” of financiers, economists to assist in the reorganization of British industry. Last week the names of 15 members of the E. G. S., officially renamed “Economic Advisory Council,” were announced. Potent members:

Sir Arthur Balfour,* onetime (1911-12) Master Cutler of Sheffield, vice president of the International Chamber of Commerce.

Sir Josiah Stamp, Director of the Bank of England, chief British delegate at the Young Plan Conference (TIME, Feb. 18, 1929 et seq.).

Sir John Cadman, Chairman, Anglo-Persian Oil Company.

John Maynard Keynes, author of The Economic Consequences of the Peace, famed economist, husband of onetime Russian dancer, Lydia Lopokova.

George Douglas Howard Cole, poet, detective story writer, Oxford University Reader in Economics.

*Not to be confused with the present Earl of Balfour, Arthur James, “A. J.,” Prime Minister of Great Britain (1902-05), leading British representative at the Washington Conference (1921-22).