Standing in for the sick Curzon at the Foreign Office in the summer of
1922, he issued the famous ‘Balfour Note’ advocating the cancellation of all
war debts, but stating, failing that, Britain would collect from its own
debtors only the amount she needed to pay its debts to the United States.
Germany welcomed this proposal, but it nose-dived after meeting with
hostile responses in the USA, France and the City.
Balfour left office with Lloyd George when the Conservative Party pulled
out of the coalition in October 1922. ‘I say, fight them, fight them, fight
them! This thing is wrong’, he shouted, pounding the table at a meeting of
Lloyd George’s supporters. ‘This is a revolt and it should be crushed.’ As in
the years of his own leadership he seemed both ignorant of party feeling
and condescending towards the party: ‘it was an advantage to have a leader
who was not intellectually much superior to the rest of the party he led’, he
remarked about Bonar Law, who now became Tory leader and prime min-
ister.
31
For the next two and a half years Balfour was out of government,
though he remained British representative at the League of Nations until
quitting that post in February 1923, citing age, deafness, fatigue and the
need for the job to be done by a Cabinet minister. If this statement was a
hint he would be prepared to return to the fold, Bonar Law did not (or did
not yet feel able to) take it. He continued to take part in the work of the
Committee of Imperial Defence, chairing a special sub-committee in 1923
on relations between the navy and the air force, though a bout of illness
(phlebitis) somewhat limited his role. A year later, in July 1924, Balfour was
one of four ex-prime ministers – the others being Asquith, Lloyd George
and Baldwin – consulted by Labour prime minister Ramsay MacDonald at a
special CID meeting on a Channel Tunnel; Balfour opposed the idea. When
Bonar Law was forced to resign through illness, Balfour was one of those
consulted by George V, recommending Baldwin (whom he did not know
well) over Curzon (whom he knew only too well), using the argument
it was now impossible to have a prime minister in the Lords. ‘Will dear
George [Curzon] be chosen?’ he was asked when he got back from the
Palace. ‘No’, he replied, ‘dear George will not.’
32
In April 1925 Balfour joined Baldwin’s government, returning to his old
role of Lord President. He had thought Baldwin’s decision to call a snap
election in December 1923 – which resulted in a hung parliament and
a minority Labour government – was idiotic, and was on the edges of
Tory plotting to unseat him, before deciding that in the end it was best
for Baldwin to continue as party leader. Balfour would have preferred
some sort of Conservative/Liberal joint arrangement, or even a Liberal gov-
ernment put in with Tory support, to the ‘national disaster’ of a socialist
government. He joined the Shadow Cabinet but when Baldwin returned
to power in November 1924 the prime minister did not at first include
him in the Cabinet (but he did put him back on the CID). Hankey, the
Cabinet Secretary, thought it was because he felt a sense of ‘gaucherie and
Salisbury to Asquith 117