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Hating some Englishmen and fearing no man, stubborn, elderly Premier James Barry Munnik Hertzog of the Union of South Africa has battled mightily to keep his dominion on the gold standard. All other dominions and the Mother Country are off. Ever since sterling slipped, English economists have been favoring South Africa with advice and appeals to "link your pound with sterling." Because Premier Hertzog is Dutch-blooded, Englishmen started a limerick in London which has spread to Capetown...

Author: /time Magazine | Title: SOUTH AFRICA: Off Gold! | 1/9/1933 | See Source »

...Said Hertzog, "My viewpoint is suck That I really don't care very much If the land goes to Hell And the Empire as well, Provided that Hades is Dutch!" Nearly every week in 1932 Premier Hertzog stoutly restated his viewpoint, often" from public platforms: "While I remain Premier we shall remain on gold!" For a single dominion to take this stand was practical in South Africa's case because her digging blackamoors produce more than half the world's current supply of new gold. In 1931, latest year for which statistics are complete, the world mined...

Author: /time Magazine | Title: SOUTH AFRICA: Off Gold! | 1/9/1933 | See Source »

...dating in his case from a motorcycle accident. Recently he resigned from South Africa's Federal bench. Last week, supported by friends who helped him in & out of motor cars and up to platforms. Judge Roos began a campaign to split the Nationalist Party of himself and Premier Hertzog. Appealing to South African farmers he told them that to go off the gold standard would mean "higher prices" for their produce-which it would, in depreciated Union pounds. Appealing to South Africa's mining interests he offered them the prospect of paying their golddiggers in devaluated paper while...

Author: /time Magazine | Title: SOUTH AFRICA: Off Gold! | 1/9/1933 | See Source »

...Empire. Recently the General, a persona] friend of King George and of potent Englishmen galore, has insisted that South Africa must patriotically join Mother Britain off the gold standard. Last week Judge Roos asked General Smuts to join him, proposed that they found a "Coalition Party" to overthrow the Hertzog Cabinet...

Author: /time Magazine | Title: SOUTH AFRICA: Off Gold! | 1/9/1933 | See Source »

...Bank of England by keeping their local pounds & shillings on the gold standard. Patriotic appeals from London, urging South Africa to follow the Mother Country off gold, have fallen on deaf Afrikander ears. "While I remain Premier," has declared militant, Dutch-blooded South African Premier James Barry Munnik Hertzog, "we shall remain on gold...

Author: /time Magazine | Title: INTERNATIONAL: Whence Gold? | 7/18/1932 | See Source »

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