wfn.org | Southern African Anglicans call for halt to Gold sales

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Anglican Church of the Province of Southern Africa

SOUTHERN AFRICAN ANGLICANS UNANIMOUSLY CALL FOR HALT TO BRITISH GOLD SALES

The 29th Provincial Synod of the (Anglican) Church of the Province of 
Southern Africa passed the following urgent motion, moved by the Bishop of 
the Highveld:

Whereas:

(a) The British Government undertook before the sale of its gold reserves
that it would manage the sale in such a way that the price is not
adversely affected.

(b) The sharp drop in the gold price after the announcement of the sale
and again after the first auction clearly indicates that the sale is having
an adverse impact on the gold price which has a very negative impact on
jobs in South Africa and its neighbours but also on jobs and economic
development in other African countries.

(c) For this reason, the industry feels that it is justified in calling for a
moratorium on the sale of gold reserves by Britain, the IMF and any
possible sale by the Swiss Government.

(d) A march will be held on Saturday, 17 July 1999, to the British High
Commission and the Swiss Embassy, organised by the Chamber of
Mines of South Africa and the National Union of Mineworkers, to
protest against the actions of  the British Government referred to above.

NOW THEREFORE THIS SYNOD SUPPORTS the call of
the Chamber of Mines of South Africa and the National Union of
Mineworkers for a moratorium on the sale of gold reserves by Britain;
and assures those who will participate in the march of its prayers.

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Item submitted by the CPSA Provincial Synod Media Team
Synod meeting in Durban, Diocese of Natal, South Africa

Tel  +27 (31) 260 2445  --  Fax  +27 (31) 260 1633
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