29 FEBRUARY 1992, Page 23

Don't hang the chairman

AN UNOFFICIAL posse is now advancing on Lloyd's to string up Mr Coleridge. That would not help anyone. Lloyd's troubles are not about discipline but about business. Mr Coleridge has the weight and the will to enforce change, and in the Rowland report, which he commissioned, he now has the blueprint. Looking at his colleagues, I think of Churchill's reason for nominating a card- carrying member of the Labour Party as Archbishop of Canterbury. He was William Temple: 'the only five-bob article', growled Churchill, 'in the whole half-crown tray.'