1931 and 1935. The health portfolio also included responsibility for housing, including slum clearance and rehousing. Key items of legislation to which he contributed in this period were: the Town and Country Planning Act 1932 (which applied to all 'developable' land), the Housing Act 1935 (which laid down standards of accommodation) and the Restriction of Ribbon Development Act 1935 (which sought to consolidate urban development and restrict ribbon sprawl along major highways). He retired from politics in July 1935 and was created Baron Kennet of the Dene. After politics Away from politics, he could now resume his life in business. By 1940, Lord Kennet was either chairman or a director of eight listed companies, which apart from the Southern Railway and timber merchants, Denny, Mott and Dickson Ltd, were engaged in the financial services and property sectors. In May 1940 he resumed his former role as chairman of the Iraq Currency Board when Leo Amery, who had replaced him as chairman in 1932, resigned on becoming a member of the wartime government. His political and financial experience made him a natural choice to chair the Capital Issues Committee during 1937–59. Responsible for advising the Chancellor of the Exchequer "on applications to issue capital for any purpose anywhere", this committee was particularly important during World War II when it had to approve all issues of shares and securities with face values exceeding £10,000. Although he never regretted his support for the two World Wars fought - as he saw it - to resist German aggression, after the Second World War he became a pacifist, feeling that nuclear weapons meant that the cost of any future war outweighed any possible benefit. He died at the Lacket on 11 July 1960 and was succeeded to the Kennet peerage by his son Wayland. Arms References External links 1879 births 1960 deaths Presidents of the Cambridge Union Members of the Privy Council of the United Kingdom Kennet, Hilton Young, 1st Baron Young, Hilton Young, Hilton Knights Grand Cross of the Order of the British Empire Presidents of the Royal Statistical Society Young, Hilton Young, Hilton Young, Hilton Young, Hilton Young, Hilton Young, Hilton UK MPs who were granted peerages Young, Hilton Royal Navy officers of World War I Royal Naval Volunteer Reserve personnel of World War I Companions of the Distinguished Service Order Recipients of the Distinguished Service Cross (United Kingdom) Recipients of the Croix