Never Before

"Never," said Phrasemaker Churchill in the dark days when Britain and the R.A.F. fought its battles alone, "was so much owed by so many to so few."

Last week Chancellor of the Exchequer Hugh Dalton triumphantly announced that Britain's own 2 1/2%, 21-year domestic loan of -L-415 million had been oversubscribed.

"Never before," said he, "have His Majesty's Government borrowed so much for so little for so long."

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