He resigned in 1931 by appointment as Steward of the Chiltern Hundreds to concentrate on his business interests, including a seat on the Vickers-Armstrongs board and a position as chairman of the Bank of Australia between 1937 and 1945.
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Ahead of the German Michael Offensive Davidson advised Gough (GOC Fifth Army) that he could overcome his lack of men by “skilful handling of rearguards”.
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