Word: colijn
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...compliments to TIME for the excellent article: "I Will Maintain!" (p. 17, Aug. 12), giving readers detailed information about The Netherlands' economics and its wealthy and shrewd queen; the noted statesman Colijn; the possessions in Indonesia which Japan covets; and "The White Front." All very interesting, particularly to those readers who follow foreign events closely...
Catholics, Bolsheviks & Calvinist. The moneyed Queen was credited by many of her subjects with taking Professor Aalberse neatly into camp and preserving her money on gold by the following maneuver: Her favorite statesman, ruthless, eagle-beaked Premier Hendrikus Colijn, who speaks English with a crusty Scottish accent, suddenly announced that he was not receiving adequate support from the Catholic members of his coalition, abruptly resigned. Thus ambitious Professor Aalberse was confronted with a surprise opportunity to form a Cabinet before his Catholics had time to organize a coalition. It turned out that Professor Aalberse would have to take five Communist...
Such a maneuver may be "neat," but Dutchmen fearfully wondered last week how often the Queen & Colijn may have to repeat a master stroke involving one-fifth of the nation's gold reserve. Amid Depression's typhoon, as the Dutch guilder is threatened in crisis after crisis, The Netherlands Bank frantically hoists its discount rate to 6% during the storms to attract as much gold as possible, then hastily reefs it down to 2½% during the lulls to give Dutch business the benefit of "cheap money." Inevitably such desperate sailing scares the passengers half out of their...
...pound and dollar, it is certain that Indonesia would increase her sales. But is it certain that the yen, pound and dollar will not dance on down an insane spiral with no bottom? And should Dutchmen join in such a dance? Brave Retreat. In The Hague last week Premier Colijn introduced his new Cabinet thus: "We will defend the guilder against devaluation! The people of The Netherlands must maintain their spirit and assist the Government in fighting the Depression under adverse circumstances!" This sounded as if the Premier had an aggressive program of some sort. As a matter of fact...
...strengthen the Dutch frontier so heavily that the German General Staff reputedly scrapped a set of plans which was to have sent their War machine crashing across The Netherlands as well as Belgium. Today since the solution of many a World problem may again be sought in war, Premier Colijn is suspected of having tentatively and secretly reversed the most fundamental policy of The Netherlands: neutrality...