Mr. Neville Chamberlain has been appointed Chan- cellor of the
Exchequer, and Sir William Joynson-Hicks has succeeded Mr. Chamberlain as Minister of Health. The papers of Tuesday printed a letter from Mr. McKenna to Mr. Baldwin, which explains why Mr. McKenna felt unable, after all, to become Chancellor of the Exchequer. His acceptance of the invitation was always dependent on his being able to find a seat without a contested election. As, however, no Parliamentary vacancy of the kind which he and Mr. Baldwin had contemplated was likely to occur, he felt bound to respect his doctor's prohibition of an election campaign. At the end of his letter Mr. McKenna says, "Before I conclude, may I be allowed to say that the confidence which I felt in the policy you outlined to me three months ago is unabated to-day ? " That is opportunely and generously said. * *
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