26 MAY 1923, Page 1

It was generally hoped that Mr. Baldwin would invite Sir

Robert Home to become Chancellor of the Exchequer. This appointment would have been admirable, but a speech which Sir Robert Home delivered to his con- stituents on Wednesday made it pretty clear that in any case he did not feel in a position to abandon several important industrial directorships which he has recently accepted. We are extremely sorry that the Unionist Party is apparently not to have the services of Sir Robert Home, but an adequate Chancellor of the Exche- quer will certainly be found. Although, when we go to Press on Thursday, Lord Robert Cecil has not been men- tioned in this connexion, he would, we think, be quite suitable. What. we should like best of all, however, though we fear it may be impossible, is to see Mr. McKenna again Chancellor of the Exchequer. In any event, the inclusion of Lord Robert Cecil in the Government is a proof of the Prime Minister's comprehensive principles. To describe the Ministry as " Die-hard " or " Tory " is silly. Enough progress has been made already to prove that Mr. Baldwin will have a strong team. Unionism takes the road again with every indication of prospering and bringing great benefits to the country.