12345678910111213141516171819202122232425262728293031323334353637383940

Lord Cave, who becomes Lord Chancellor, will prove, we believe,

not only a thoroughly competent head of the Judiciary, but a wise man in counsel, and that,' remember, is one of the chief functions of a Lord Chancellor. Mr. Stanley Baldwin is the new Chancellor of the Exchequer. He is an experienced tnan of business and as a Parliamentarian has made in a short time an extraordinarily good impression. We have Mr. McKenna's word for it, and no word could be more important, that, as a financier, he is a man who under- stands his job. Unquestionably he has a great oppor- tunity as well as a great responsibility. What he will need is firmness in detail. Everybody will be talkiir; thrift in the abstract and recommending extravagance in the concrete.

Next page