§ The CHANCELLOR of the EXCHEQUER (Mr. Churchill)
It would be easy to give an epitome of the financial year which has closed. The road has lain continually uphill, the weather has been wet and cheerless, and the Lords Commissioners of His Majesty's Treasury have been increasingly uncheered by alcoholic stimulants. Death has been their frequent companion and almost their only friend. Such is the sombre tale. In fact, I do not recall any Budget 'with which I have been acquainted in the many years I have listened on these occasions which has succeeded in spite of so many adverse factors.