Word: rhodesian
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...Vote Rhodesian Front for a white Christmas!" shouted a heckler at a Salisbury rally as the campaign for Southern Rhodesia's 65-seat Parliament wound up last week. The man he interrupted-Sir Roy Welensky, white supremacist Prime Minister of the Rhodesias and Nyasaland-has never settled for anything less, but this time "Royboy" was up against an opponent who outbleached him. The result was a disastrous defeat for Welensky and his United Federal Party...
Though Welensky's job was not at stake, he put his prestige behind Southern Rhodesia's Prime Minister Sir Edgar Whitehead. Both were routed by the far-right Rhodesian Front, which won 54% of the predominantly white vote with a platform scarcely distinguishable from the apartheid practiced across the border in South Africa. Under posters showing the legs of white and black schoolgirls standing side by side, the Front blared: "Rhodesia is not ready for this...
...whites, outnumbered 13 to 1 by Southern Rhodesia's blacks, clearly did not see it that way. The Rhodesian Front is expected to wind up with 35 seats, to 29 for the U.F.P. Chosen to succeed Whitehead as Prime Minister was Front President Winston Field, 58, an English-born tobacco and cattle farmer who looks like Howard Hughes with a suntan...
Today, 20% of the office space in Salisbury is vacant, and only by imposing rigid exchange controls has the federation government managed to avert a crippling flight of capital. On the London Stock Exchange, shares in Rhodesian Selection Trust, one of the titans of the Copper Belt, have dropped from 37 shillings to 25-despite the fact that they pay an 18% annual dividend...
...Holdouts. For most investors, Rhodesian and foreign alike, all this makes Central Africa seem a bad risk. But one important group is holding out against the tide of pessimism: the three great companies that dominate the Copper Belt and have a stake of $850 million to defend in Northern Rhodesia...