Sir Oswald . -Mosley resigned the Chancellorship of the Duchy of Lancaster
on Tuesday. This was the direct result of the rejection by the Cabinet`Of the MemorandUm on unemployment which he had written in collaboration with Mr. Lansbury and Mr. Tom Johnston. The Memor- andum has not been published, but it is said to propose a loan of .£250,000,000 for work schemes, the purchase of wheat in bulk—in spite of the embarrassment which bulk purchase has caused in the United States and Canada—a large programme of road-making, and the pensioning of manual. workers at the age of sixty. Sir Oswald's resignation coincided neatly with the confession of failure to cure unemployment made by Mr. Thomas in the House of Commons on Monday. Unemployment has risen by 27,504 since last week, and there is a grim possibility that the total number of unemployed, which is now 1,789,500, will be 2,000,000 by the winter. * * * *
