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The Rôle of Colonial and Post-Colonial States in Imperialism – a Case-Study of the Sierra Leone Development Company

Published online by Cambridge University Press:  11 November 2008

Ankie M. M. Hoogvelt  and
Anthony M. Tinker
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Extract

‘The events of recent years have brought out the conflicts that can arise between the continuing pressures for political independence and the inescapable truths of economic interdependence in the modern world’. – Recent words from the horse's mouth, to wit the British– North American Committee, consisting of some 100 leading industrialists of the western world who view with alarm the strong desire on the part of the emerging nations to exercise ever-greater control over their own mineral resources. In a concise report, they sternly remind the governments of developing countries of the dire consequences of the hostile attitude to foreign investors as expressed in demands for higher taxes, more local participation, and – Heaven forbid – nationalisation.1

Type
Articles
Information
The Journal of Modern African Studies , Volume 16 , Issue 1 , March 1978 , pp. 67 - 79
Copyright
Copyright © Cambridge University Press 1978

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References

page 67 note 1 Mineral Development in the Eighties: prospects and problems. A Report prepared by a Group of Committee Members, British–North American Committee (London, 11 1976).Google Scholar

page 67 note 2 Ibid. p. 1.

page 68 note 1 Ibid. p. 10.

page 68 note 2 Amin, Samir, Accumulation on a World Scale (New York, 1974), p. 5.Google Scholar

page 69 note 1 A copy of the full research report may be obtained from the authors on payment of £0.50, the cost of reproduction and postage.

page 70 note 1 Despatch of 10 August 1929 from the Secretary of State for the Colonies to all Colonial Governors, para. 8; C.O. 267/627/9262.

page 70 note 2 See Kaniki, M., ‘The Social and Economic History of Sierra Leone, 1929–1939’, p. 181, Ph.D. thesis, 1972,Google Scholar Institute of West African Studies, University of Birmingham.

page 70 note 3 First Interim Report of the Colonial Development Advisory Committee (London, 1930), Cmd. 3540, p. 17.Google Scholar

page 70 note 4 The Northern Mercantile and Investment Corporation merged with the Scottish firm of Wm. Baird & Co. Ltd. in 1962, after which the latter became the full parent of Delco.

page 73 note 1 The financial data were obtained mostly from the Company's own published accounts in London, but some additional information was collected in Sierra Leone.

page 73 note 2 Kaniki, op.cit. p. 217.

page 74 note 1 Metal Bulletin (London), 1969.Google Scholar

page 74 note 2 Kilson, Martin, Political Change in a West African State: a study of the modernization process in Sierra Leone (Cambridge, Mass., 1966), pp. 114–15.CrossRefGoogle Scholar

page 74 note 3 Kaniki, op. cit. pp. 224–5.

page 77 note 1 The declining returns to black wage labour are attributable entirely to a proportionate reduction of the numbers employed.