GREAT BRITAIN: Snowden Brushed Aside

Snowden Brushed Aside

A stocky little tycoon who smiles and smiles (from habit rather than chronic mirth) is great Baron Melchett, No. 1 British industrialist, board chairman of Imperial Chemical Industries Ltd. Last week in Manhattan he smiled at the Bond Club, addressed to its spruce and serious members a sardonic prophecy. Within two years, he declared, the British Empire will have scrapped her historic free trade policy, girt herself with a tariff wall against U. S. and even European competition.

But what about Philip Snowden, the "Iron Chancellor" of British Labor,...