Conservatives in the coalition government opposed it. A political debacle ensued which resulted in the Conservative withdrawal from the government, precipitating the November 1922 general election. Also in September, Churchill's fifth and last child, Mary, was born, and in the same month he purchased Chartwell, in Kent, which became his family home for the rest of his lifetime. In October 1922, he underwent an operation for appendicitis. While he was in hospital, Lloyd George's coalition was dissolved. In the general election, Churchill lost his Dundee seat to Edwin Scrymgeour, a prohibitionist candidate. Later, he wrote that he was "without an office, without a seat, without a party, and without an appendix". Still, he could be satisfied with his elevation as one of 50 Companions of Honour, as named in Lloyd George's 1922 Dissolution Honours list. Out of Parliament: 1922–1924 Churchill spent much of the next six months at the Villa Rêve d'Or near Cannes, where he devoted himself to painting and writing his memoirs. He wrote an autobiographical history of the war, The World Crisis. The first volume was published in April 1923 and the rest over the next ten years. After the 1923 general election was called, seven Liberal associations asked Churchill to stand as their candidate, and he selected Leicester West, but he did not win the seat. A Labour government led by Ramsay MacDonald took power. Churchill had hoped they would be defeated by a Conservative-Liberal coalition. He strongly opposed the MacDonald government's decision to loan money to Soviet Russia and feared the signing of an Anglo-Soviet Treaty. On 19 March 1924, alienated by Liberal support for Labour, Churchill stood as an independent anti-socialist candidate in the Westminster Abbey by-election but was defeated. In May, he addressed a Conservative meeting in Liverpool and declared that there was no longer a place for the Liberal Party in British politics. He said that Liberals must back the Conservatives to stop Labour and ensure "the successful defeat of socialism". In July, he agreed with Conservative leader Stanley Baldwin that he would be selected as a Conservative candidate in the next general election, which was held on 29 October. Churchill stood at Epping, but he described himself as a "Constitutionalist". The Conservatives were victorious and Baldwin formed the new government. Although Churchill had no background in finance or economics, Baldwin appointed him as Chancellor of the Exchequer. Chancellor of the Exchequer: