• Short Summary

    MORE THAN 200 MILLION LBS (90 MILLION KILOS) OF TOBACCO HAS REPORTEDLY BEEN HARVESTED IN RHODESIA FOR THE CRUCIAL TOBACCO AUCTIONS THAT BEGIN IN SALISBURY TODAY (TUESDAY).

  • Description

    MORE THAN 200 MILLION LBS (90 MILLION KILOS) OF TOBACCO HAS REPORTEDLY BEEN HARVESTED IN RHODESIA FOR THE CRUCIAL TOBACCO AUCTIONS THAT BEGIN IN SALISBURY TODAY (TUESDAY). MR IAN SMITH'S BREAKAWAY REGIME HAS THROWN THE STRICTEST SECURITY BLANKET AROUND THE AUCTIONS WHICH BRITAIN HAS BOYCOTTED AS PART OF HER SANCTIONS PROGRAMME AGAINST RHODESIA.

    THE SALES ARE TO TAKE PLACE BEHIND LOCKED DOORS. ALL PERSONS ADMITTED TO THE AUCTION FLOOR ARE TO WEAR IDENTITY DIS??S. MR SMITH'S REGIME HAS MADE IT AN OFFENCE TO DISCLOSE BUYERS' NAMES, THE PRICES PAID, AND THE AMOUNTS SOLD.

    THE NEW TOBACCO CORPORATION IN RHODESIA HAS GUARANTEED FARMERS PRICES THAT SHOULD AVERAGE OUT BETWEEN 24 PENCE AND 26 PENCE A LB. THIS IS A LOW PRICE COMPARED WITH PREVIOUS YEARS BUT IT IS EXPECTED TO ALLOW FARMERS TO PAY THEIR DEBTS AND STAY IN BUSINESS TO PLANT NEXT YEAR'S CROP. MR SMITH'S REGIME WILL PAY FOR ANY LOSSES. IT IS ESTIMATED THE FARMERS WILL BE LUCKY IF THEY SELL HALF OF THIS YEAR'S CROP. IN THIS CASE IT WOULD COST THE REGIME UP TO 10 MILLION STERLING TO BUY AND STOCKPILE ALL UNSOLD TOBACCO.

    THE SECRECY AT THE AUCTIONS IS TO COVER THE IDENTITIES AND NATIONALITIES OF FOREIGN BUYERS EXPECTED TO BUY TOBACCO IN DEFIANCE OF THE BRITISH SANCTIONS. BRITAIN HAS WARNED IT WILL TAKE STRONG ACTION AGAINST MERCHANTS FOUND SPECULATING AT THE SALES.

    TOBACCO IS RHODESIA'S MAIN FOREIGN EXCHANGE EARNER AND A KEY INDUSTRY. LAST YEAR'S CROP EARNED THE COUNTRY MORE THAN 33 MILLION STERLING AND BRITAIN -- TRADITIONALLY THE MAIN BUYER -- BOUGHT MORE THAN HALF.

  • Tags

  • Data

    Film ID:
    VLVA8E02NAUI0XKH7QOXAKQY9U81O
    Media URN:
    VLVA8E02NAUI0XKH7QOXAKQY9U81O
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    29/03/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:14:00
    Time in/Out:
    /
    Canister:
    N/A

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