• Short Summary

    TANGIER, THE ONCE BUSTLING INTERNATIONAL FREE PORT IN MOROCCO, IS BEING PREPARED FOR A RETURN TO ITS FORMER STATUS.

  • Description

    TANGIER, THE ONCE BUSTLING INTERNATIONAL FREE PORT IN MOROCCO, IS BEING PREPARED FOR A RETURN TO ITS FORMER STATUS.

    TANGIER, PERCHED ON A HILL AT THE EXTREME NORTH-WEST POINT OF AFRICA, WAS A BOOM CITY DURING ITS FREE-PORT DAYS BEFORE 1960. ALMOST EVERY KNOWN BANK IN THE WORLD HAD A BRANCH THERE - TANGIER ONCE BOASTED SOME 200 BANKS AND MONEY-CHANGING SHOPS. THE CITY WAS A PROSPEROUS BUSINESS MECCA; FORTUNES WERE MADE BY TRADERS.

    LAST WEEK, MOROCCO CELEBRATED ITS 10TH ANNIVERSARY OF INDEPENDENCE. EVEN AT THE OUTSET OF INDEPENDENCE, WHEN TANGIER CEASED TO BE AN INTERNATIONAL CITY, IT STILL ENJOYED ALL THE PRIVILEGES OF A FREE PORT THROUGH A SPECIAL CHARTER. IN APRIL, 1960, THE AXE FELL. MOHAMMED THE FIFTH THEN KING OF MOROCCO, ABROGATED THE CHARTER AND TANGIER CAME UNDER MOROCCAN LAWS AND TAXES. OVERNIGHT, MILLIONS OF POUNDS LEFT THE CITY AS FOREIGN BANKS CLOSED THEIR DOORS. SHOPS SHUT DOWN AND UNEMPLOYMENT SPREAD RAPIDLY.

    NOW, AFTER NEARLY SIX YEARS, PREPARATION HAVE BEEN MADE FOR TANGIER TO REVERT TO FREE-PORT STATUS. A NEW JETTY HAS BEEN BUILT IN THE HARBOUR; FINANCIAL DEALINGS ARE BEING ENCOURAGED. ALL MOROCCAN GOODS WILL BE COMPLETELY FREE OF TAX AND DUTY AND THERE WILL BE A PERMANENT EXHIBITION OF AFRICAN PRODUCTS FOR BUYERS TO EXAMINE.

    FINAL DETAILS FOR THE CHANGE-OVER ARE STILL BEING WORKED OUT BY A COMMISSION APPOINTED BY THE PRESENT KING, HASSAN THE SECOND. BUT TRADERS ARE DETERMINED TO BE FULLY PREPARED. ALREADY 1,800 TONS OF COFFEE BOUGHT FROM THE IVORY COAST AT A LOW PRICE ARE BEING STORED, WAITING FOR THE OFFICIAL OPENING OF THE "NEW" TANGIER - A CEREMONY EXPECTED TO BE PERFORMED BY THE KING HIMSELF.

  • Tags

  • Data

    Film ID:
    VLVA811HWFW6F5B5BZBBZG7XC2X5N
    Media URN:
    VLVA811HWFW6F5B5BZBBZG7XC2X5N
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    21/11/1965
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:11:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment