electoral mandate to reform the 1902 Act. Lloyd George was rebuked by King Edward VII for these speeches: the Prime Minister defended him to the King's secretary Francis Knollys, stating that his behaviour in Parliament was more constructive but that in speeches to the public "the combative spirit seems to get the better of him". No compromise was possible and the bill was abandoned, allowing the 1902 Act to continue in effect. As a result of Lloyd George's lobbying, a separate department for Wales was created within the Board of Education. Nonconformists were bitterly upset by the failure of the Liberal Party to reform the 1902 Education Act, its most important promise to them, and over time their support for the Liberal Party slowly fell away. At the Board of Trade Lloyd George introduced legislation on many topics, from merchant shipping and the Port of London to companies and railway regulation. His main achievement was in stopping a proposed national strike of the railway unions by brokering an agreement between the unions and the railway companies. While almost all the companies refused to recognise the unions, Lloyd George persuaded the companies to recognise elected representatives of the workers who sat with the company representatives on conciliation boards—one for each company. If those boards failed to agree then an arbitrator would be called upon. Chancellor of the Exchequer (1908–1915) On Campbell-Bannerman's death, he succeeded Asquith, who had become prime minister, as Chancellor of the Exchequer from 1908 to 1915. While he continued some work from the Board of Trade—for example, legislation to establish the Port of London Authority and to pursue traditional Liberal programmes such as licensing law reforms—his first major trial in this role was over the 1908–1909 Naval Estimates. The Liberal manifesto at the 1906 general election included a commitment to reduce military expenditure. Lloyd George strongly supported this, writing to Reginald McKenna, First Lord of the Admiralty, "the emphatic pledges given by all of us at the last general election to reduce the gigantic expenditure on armaments built up by the recklessness of our predecessors." He then proposed the programme be reduced from six to four dreadnoughts. This was adopted by the government, but there was a public storm when the Conservatives, with covert support from the First Sea Lord, Admiral Jackie Fisher, campaigned for more with the slogan "We want eight and we won't wait". This resulted