Lord John Russell resigns, after defeat on amendment to Militia Bill and, 27th, a Conservative administration is formed under Lord Derby, with Benjamin Disraeli chancellor of Exchequer (-Dec. 20th).
Editors. "The Earl of Derby becomes Prime Minister for the first time". The Literary Encyclopedia. First published 01 January 2010
[http://www.litencyc.com/php/stopics.php?rec=true&UID=1853, accessed 16 April 2014.]