Two other peerages were glad-handed out by Prime Minister Chamberlain: a viscountcy for 66-year-old Walter Runciman, retiring president of the Board of Trade and another .
Britain's Science Minister, the former Lord Hailsham, who renounced his viscountcy in order to run for Parliament, last week also lost his unofficial title as the Tories .
Custom entitles every retiring Speaker to receive a viscountcy.