^{Page 469 note 1} See Hailey, Lord, The Republic of South Africa and the High Commission Territories (Oxford 1963)Google Scholar; and Basutoland, the Bechuanaland Protectorate and Swaziland; history of discussions with the Union of South Africa, 1909–1939 (London, 1952),Google Scholar Cmd. 8707.

^{Page 471 note 1} See Leistner, G. M. E., ‘Foreign Bantu Workers in South Africa: their present position in the economy’, in The South African Journal of Economics (Johannesburg), xxv, 1, 03 1967.Google Scholar The 1966 Census of Population for each of the three countries also gives data bearing on this question.

Sources: Lesotho: Annual Statistical Bulletin, 1965; National Accounts, 1964/5 and 1965/6; Trade Statement, 1966 (Bureau of Statistics, Maseru). Botswana: National Accounts of Botswana, 1965; Statistical Abstract (Central Statistical Office, Gaberones). Swaziland: Annual Statistical Bulletin, 1966; Gross Domestic Product, 1960–64 (Statistical Office, Mbabane). South Africa: Statistical Tearbook, 1966 (Bureau of Statistics, Pretoria); I.M.F., International Financial Statistics (Washington), 06 1967.Google Scholar

Notes: (a) 1966; (b) 1964 at 1960 prices; (c) excluding exports of gold.

^{Page 472 note 1} I.L.O., Report to the Government of Swaziland on Manpower (Geneva, 1964).Google Scholar

^{Page 473 note 1} See Customs Agreement—Union of South Africa—Territories of Basutoland, Swaziland, and the Bechuanaland Protectorate (Potchefstroom), High Commissioner's Notice 65 of 29.6.1910. SouthWest Africa is also part of the South African customs area.

^{Page 474 note 1} Similar agreements were entered into between South Africa and the Rhodesias and between the three former High Commission territories and the Rhodesias. These are no longer in force, although a form of customs agreement between the High Commission territories and Rhodesia still operates. See footnote I, opposite.

^{Page 475 note 1} See Basutoland, Bechuanaland Protectorate, Swaziland, High Commissioner's Notice 63 of 1956 (Capetown 24 May 1956); Customs Agreement Between the Federation of Rhodesia and Nyasaland and Basutoland, the Bechuanaland Protectorate and Swaziland.

^{Page 477 note 1} See Report of the Ministry of Overseas Development Economic Survey Mission, The Development of the Basutoland Economy (London, 1965), para. 237.Google Scholar

^{Page 479 note 1} On this, see Robertson, H. M. and Kooy, M., ‘The South African Board of Trade and Industries; the South African customs tariff and the development of South African industry’, in The South African Journal of Economics, XXIV, 3, 09. 1966,Google Scholar and the references cited therein.

^{Page 480 note 1} The arrangements for Swaziland are discussed in Report on the Marketing of Agriculture and Livestock Produce in Swaziland, by Biggs, H. C., Ministry of Overseas Development (London, 1966).Google Scholar

^{Page 481 note 1} An I.M.F. Staff Paper quotes an estimate for Botswana of R25 m. for August 1966.

^{Page 481 note 2} All these figures are derived from Leistner, op. cit.

^{Page 482 note 1} The Development of the Swaziland Economy; The Development qf the Basutoland Economy; The Development of the Bechuanaland Economy, Ministry of Overseas Development (London, 1965).Google Scholar

^{Page 483 note 1} See, for instance, Kessels, H. and Tomkins, H. J., Report to the Basutoland Government on a National Savings and Development Bank, the Monetary System, and Certain Aspects of Land Tenure (Maseru), 04 1966.Google Scholar

^{Page 484 note 1} Ibid. p. 23.

^{Page 484 note 2} See Report of the Committee re Foreign Bantu [Froneman Report] (Pretoria, 1962, mimeo).Google Scholar

^{Page 485 note 1} Some of the economic problems of these areas and the South African Government's policies towards their industrial development are discussed in Hill, C. R., Bantustans—the fragmentation of South Africa (London, 1964).Google Scholar

^{Page 487 note 1} Southern Rhodesia Government Notice No. 25A of 5964, ‘Trade Agreement between the Government of Nyasaland and the Government of Southern Rhodesia’; Supplement to the S.R. Government Gazette Extraordinary (Salisbury), 7 01 1964.Google Scholar See also Haziewood, A., ‘The Malawi-Rhodesia Trade Agreement’, in the Bulletin of the Oxford University Institute of Economics and Statistics, 05 1965.Google Scholar

^{Page 487 note 2} The theoretical issues involved are complex and cannot be reviewed here. For a discussion in the context of East Africa, see ch. 4 of my forthcoming Economic Integration in Africa (London, 1968).Google Scholar

^{Page 487 note 3} See Cowen, D. V., ‘Towards a Common Market in Southern Africa’, in Optima (Johannesburg), 06 1967.Google Scholar

^{Page 488 note 1} Sources: as for Table I.

^{Page 489 note 1} See the three reports on economic development, cited above, in which some suggestions are made for the introduction of new taxes and levies in the territories.

^{Page 489 note 2} If currency per head in BLS were the same as in East Africa, the respective circulations would be approximately R4 m. in Lesotho, R2·5 m. in Botswana, and R1·75 m. in Swaziland. A return of per cent and agency costs of, say, 20 per cent gives the above figures. The initial cost of the currency would also have to be taken into account and might well absorb the whole of the annual income for an initial year.