Word: havenga
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Dates: during 1930-1939
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...current supply of new gold. In 1931, latest year for which statistics are complete, the world mined $440,518,000 in gold of which South Africa, supplied $224,863,000. Last spring, when the Union had a budgetary deficit of $6,000,000, Finance Minister Nicolaas Christiaan, Havenga in effect snapped his Dutch fingers, confidently cried: "There is no doubt that, despite diminishing revenues, we have ample resources to keep our currency on the gold standard!" (TIME, April...
Promptly the Premier issued a decree which South Africans did not at first understand to mean that they had gone off the gold standard. A day & night of hectic rumors passed before Finance Minister Havenga stated with crisp, Dutch lucidity exactly what the Cabinet had done and what its action means. "The only way to prevent a financial disaster of the first magnitude," said Minister Havenga. "was to release the Reserve Bank from liability to redeem its notes in gold. . . . The Government did so release the Reserve Bank and thereby it cut the link by which South African currency...
...called "The Busy B's''?Rt. Hon. Stanley Baldwin and Australia's former Premier Stanley Melbourne Bruce. Down the table were former Premier Joseph Gordon Coates of New Zealand, Sir Atul Chatterjee of India, Premiers Frederick Charles Alderdice of Newfoundland. Howard Unwin Moffat of Southern Rhodesia, Nicolaas Christiaan Havenga of South Africa and Vice President Sean Thomas O'Kelly of the Irish Free State. Before them were twelve bundles of closely-typewritten paper representing twelve bilateral trade agreements over a five-year trial period?the result of four weeks of haggling and scratching at Ottawa's Imperial Economic Conference...
...Baldwin. Mr. Baldwin took out a red silk hankerchief. polished the plate carefully, slowly. A boy came in breathless with another blue bag containing another big silver plate. This plate Mr. Baldwin presented to Mr. Bennett. Mr. Baldwin then made a speech praising the weather. Mr. Havenga made a speech pointing out that nobody was under the illusion that he was going home with everything he wanted. Mr. Chatterjee made a speech inviting all the delegates to go to India. Chancellor of the Exchequer Neville Chamberlain, No. 2 British delegate, issued a statement. Mr. Bennett apologized for "being impatient...
Paradoxically, gold-rich South Africa has a current budgetary deficit of almost $6.000.000. "But there is no doubt," stoutly declared Finance Minister N. C. Havenga last week, "that, despite diminishing revenues, we have ample resources to keep our currency on the gold standard...