Complex sentence: He was created a Baronet, of the Eyot, on 27 January 1931, and the same year, after his retirement as Secretary of the Prudential Assurance Company, he was appointed by the Chancellor of the Exchequer Philip Snowden to oversee a committee on national expenditure.
Split into simpler sentences: He was created a Baronet, of the Eyot, on 27 January 1931,. In 1931, after retiring as Secretary of the Prudential Assurance Company, he was appointed by the Chancellor of the Exchequer Philip Snowden to oversee a committee on national expenditure.