In a public speech at Alexandria tonight, President Nassar announced that Egypt would build the Yaswan Dam from her own resources.

Funds would be obtained from operation of Suez Canal.

Law nationalizing Suez Canal and expropriating Canal Company was approved by Cabinet this morning.

Text, as read out by Nassar follows.

Police had just been posted around Canal Company's Cairo office.

British Ambassador to Egypt, Humphrey Trevelyan, reports on Nassar's provocative nationalisation of the Suez Canal Company.

Telegram received in London at 9.45pm on the 26th of July, 1956.

I expected that most of us have seen, sometimes with amusement and sometimes with anger, reports and orders obviously worded with an eye to the future historian, or as we like to call them, for the record. The wording of

signals and orders for the record is a very fine art and well calculated to Fox the historian.

Lord Teter, writing in his book with prejudice in 1966. In England, in the late 1950s and early 60s, the word was a political taunt of considerable force and pugnancy.

One only had to shout Suez at a conservative orator to see his features decompose with dismay.

A classic Tory education, Eaton, Munich and Suez, was how one scornful writer sketched the political

career of a former Prime Minister. Like Munich, indeed, Suez had become an indelible metaphor

for fiasco, dishonor and humiliation. Christopher Hitchens, writing in 1986.

On Sunday the 20th of February, 1938,

Anthony Eden resigned as Foreign Secretary of Great Britain.

It had been a difficult last few months.

The troubling international situation was coupled with Eden's differences with his colleagues.

Appeasement, Eden believed, was not

working as a policy. Not so believed Neville Chamberlain. That autumn, Chamberlain would acquire

peace in our time, while Eden drew closer to his friend and ally in the conservative camp, Winston Churchill.

On the day that Churchill was made Prime Minister, the 10th of May 1940, Eden was present.

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