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60-875: The Central South African Railways ( CSAR ) was from 1902 to 1910 the operator of public railways in the Transvaal Colony and Orange River Colony in what is now South Africa . During the Anglo-Boer War , as British forces moved into the territory of the Orange Free State and the South African Republic , the Orange Free State Government Railways , the Netherlands-South African Railway Company and
120-675: A constituency in rural and urban seats. All three objectives were eventually finalised with South Africa to become a union which was the wish of both the Liberal British government and Jan Smuts. On the question of black enfranchisement, the British government was prepared to accept the final wishes of the National Convention. The colonies of the Transvaal, Orange River and Natal wanted no black enfranchisement while
180-520: A local currency that is pegged to the U.S. dollar or the New Zealand dollar . The Sovereign Base Areas of Akrotiri and Dhekelia (in Cyprus ) use the euro. Since decimalisation on Decimal Day in 1971, the pound has been divided into 100 pence (denoted on coinage, until 1981, as "new pence"). The symbol for the penny is "p"; hence an amount such as 50p (£0.50) properly pronounced "fifty pence"
240-574: A new policy for the two former Boer colonies, one of self-rule. Jan Smuts visited London and managed to persuade the new government to formulate a system that would favour the Boers and Het Volk in a new political assembly. More than a year later in February 1907 an election was held with Het Volk running on two issues; Chinese labour needing to be ended when new labour sources were found and reconciliation with Britain with which they hoped would attract
300-399: A penny", "two and a penny", etc. 5 shillings, for example, was written as "5 s ." or, more commonly, "5/–" (five shillings, no pence). Various coin denominations had, and in some cases continue to have, special names, such as florin (2/–), crown (5/–), half crown (2/6 d ), farthing ( 1 ⁄ 4 d ), sovereign (£1) and guinea (21s, 21/–, £1–1–0 or £1.05 in decimal notation). By
360-533: A rural seat while an urban seat would have fifteen percent more constituents. This system for the constituencies would ensure that the Afrikaner would dominate politics in years to come and would be one of the many reasons why Jan Smuts would lose the 1948 South African general election , sweeping D.F. Malan to power and the beginning of Apartheid . The results of the negotiations at the Convention became
420-574: A united country in the form of a National Convention. The objective of the convention was to find a solution to the political, racial and economic problems encountered by these colonies and find common ground between the Boers and the English. On 12 October 1908, the thirty delegates of the four colonies met in Durban under the Chairmanship of Sir Henry de Villiers . Twelve delegates came from
480-407: A year. Families would receive a token grant irrespective of their ability to pay it back and additional material and equipment required were obtained via interest-free loans with small cash loans also attracting no interest, with larger loans attracting four percent interest by a mortgage. The loan scheme was never going to compensate a person for the actual loss experienced by the war. Damage and
540-417: Is often pronounced "fifty pee" /fɪfti piː/. The old sign d was not reused for the new penny in order to avoid confusion between the two units. A decimal halfpenny ( 1 / 2 p, worth 1.2 old pennies) was issued until 1984 but was withdrawn due to inflation . Before decimalisation in 1971 , the pound was divided into 20 shillings , and each shilling into 12 pence , making 240 pence to
600-615: Is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issued by other jurisdictions are not regulated by the Bank of England; their governments guarantee convertibility at par . Historically, sterling was also used to varying degrees by the colonies and territories of the British Empire . There are various theories regarding
660-523: Is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £ ) is the main unit of sterling, and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling . Sterling is the world's oldest currency in continuous use since its inception. In 2022, it
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#1732780751377720-522: The Cape Colony , eight from the Transvaal and five each from the Orange River and Natal Colonies representing a gathering of sixteen from an English background with the remaining fourteen of Boer origin. The main issues discussed were whether the four colonies would become a country made up of a union or a federation , who would be allowed to vote, and the number of voters who would make up
780-649: The Colonial Secretary in London. In 1903, three seats in the Transvaal Legislative council were offered to Louis Botha , Jan Smuts and Koos de la Rey , but they turned the British down. Due to a lack of a hearing given to the opinions of the Boer generals by the English administrators concerning Chinese mine labour, due to a belief that they did not represent the Boer population, and due to
840-460: The Natal , Orange River and Transvaal colonies, but under British influence there was the need now to unite the country under one government. In May 1908, Jan Smuts, Transvaal Colonial Secretary proposed a gathering of representatives from all four colonies and decide on a customs and railways agreement and also included a proposal that the colonies appoint delegates to discuss a constitution for
900-665: The Natal Government Railways to form the South African Railways , which is now Transnet Freight Rail . This article about rail transport in South Africa is a stub . You can help Misplaced Pages by expanding it . Transvaal Colony The Transvaal Colony ( Afrikaans pronunciation: [ˈtransfɑːl] ) was the name used to refer to the Transvaal region during the period of direct British rule and military occupation between
960-883: The Pretoria-Pietersburg Railway were taken over by the Imperial Military Railways under Lieutenant-Colonel Sir Percy Girouard . After the war had ended, the Imperial Military Railways became the Central South African Railways in July 1902, with Thomas Rees Price as general manager. With the creation of the Union of South Africa in 1910, the CSAR was merged with the Cape Government Railways and
1020-584: The South African Republic (ZAR) and the Orange Free State were defeated in the Anglo-Boer War and surrendered to the UK. The peace treaty ( Treaty of Vereeniging ) contained the following terms: In 1902, with peace following the signing of the Treaty of Vereeniging , the new Transvaal colony was faced with intertwined economic and political issues that needed to be resolved. The economic issues faced included
1080-657: The 1950s, coins of Kings George III , George IV and William IV had disappeared from circulation, but coins (at least the penny) bearing the head of every British monarch from Queen Victoria onwards could be found in circulation. Silver coins were replaced by those in cupro-nickel in 1947, and by the 1960s the silver coins were rarely seen. Silver/cupro-nickel sixpences, shillings (from any period after 1816) and florins (2 shillings) remained legal tender after decimalisation (as 2½p, 5p and 10p respectively) until 1980, 1990 and 1993 respectively, but are now officially demonetised. The pound sterling emerged after
1140-469: The Bank of England has exclusively used the single bar variant since 1975. Historically, a simple capital L (in the historic black-letter typeface, L {\displaystyle {\mathfrak {L}}} ) placed before the numerals, or an italic l. after them, was used in newspapers, books and letters. The Royal Mint was still using this style of notation as late as 1939. The glyphs Ł and Ⱡ may occasionally be encountered. Use of
1200-561: The British and mining appointed Transvaal Legislative Council it outlined extremely restrictive employment contracts for the Chinese workers and the idea had been sold via a fear campaign aimed at white miners about the need for this labour or face the possibility of loss of mining and their jobs. By 1906, the gold mines of the Witwatersrand were in full production and by 1907, South African gold mines represented thirty-two percent of
1260-421: The British followed a scorched earth policy in the Transvaal, Boer lands, stock and farms had been destroyed. At the conclusion of the war, it was necessary to reconstruct a "government" for the new colony and this was begun with the appointment of a Resident Magistrate in every district of the colony who became District Commissioners while an Assistant Magistrate carried out the legal and magisterial duties of
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#17327807513771320-472: The Cape Colony wished to keep what limited enfranchisement it had for all other races. A compromise was reached and all the colonies' wishes concerning their racial make-up for enfranchisement were accepted, though subject to a repeal by a two-thirds majority in both houses of parliament. As to the objective of rural and urban constituencies, it was decided to allow fifteen percent fewer constituents for
1380-643: The Colony and indeed all the South African dominion without offending the English. You have only to sacrifice ‘the nigger’ and the game is easy. Any attempt to secure fair play for them makes the Dutch fractious and almost unmanageable." Prior to the grant of responsible self-government on 6 December 1906, the Colony was administered by an Executive Council appointed by the Governor. The first elected Cabinet of
1440-490: The English labourer vote as well as selling themselves as an alternative to the mining capitalistic Progressive Party . The election was held on 20 February 1907 and Het Volk won the election gathering 37 of 69 seats. It stood 43 candidates and won 34 seats outright, all the country seats were gained except Barberton , three seats in Pretoria and four on the Witwatersrand with three independents aligning themselves with
1500-520: The English-speaking population of the Transvaal and the other by teaching the Boer children in English with very little Dutch used, followed by self-rule. The Transvaal Boers' political objectives were the restoration of self-rule in the colony and the political environment to be dominated by the Boers. As the war ended the British were faced with a large proportion of Boer men as prisoners of war and their families in concentration camps. As
1560-457: The League's money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", which was contracted to "'sterling". The OED dismisses this theory as unlikely, since the stressed first syllable would not have been elided. Encyclopædia Britannica states that the (pre-Norman) Anglo-Saxon kingdoms had silver coins called sterlings and that
1620-505: The Roman libra , solidus , and denarius . Notable style guides recommend that the pound sign be used without any abbreviation or qualification to indicate sterling (e.g., £12,000). The ISO 4217 code "GBP" (e.g., GBP 12,000) may also be seen should disambiguation become necessary. The ISO 4217 currency code for sterling is "GBP", formed from the ISO 3166-1 alpha-2 code for
1680-689: The Transvaal Colony was formed on 4 March 1907. The Transvaal Colony lay between Vaal River in the south and the Limpopo River in the north, roughly between 22½ and 27½ S, and 25 and 32 E. To its south it bordered with the Orange Free State and Natal Colony , to its south-west were the Cape Colony , to the west was the Bechuanaland Protectorate (later Botswana ), to its north was Rhodesia , and to its east were Portuguese East Africa and Swaziland . Except in
1740-619: The Transvaal. English political movements included the Transvaal Responsible Government Association, the Transvaal Progressive Association and labour groups under an Industrial Labour Party. The Transvaal Responsible Government Association was formed in late 1904 by E.P Solomon and made up of a loose gathering of ex-colonial and ZAR officials and diamond mining magnates, labour and businessmen. They called for
1800-659: The United Kingdom ("GB") and the first letter of "pound". In historical sources and some specialist banking uses, the abbreviation stg (in various styles) has been used to indicate sterling. Many stocks on the London Stock Exchange are quoted in penny sterling, using the unofficial code "GBX". The exchange rate of sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets . The origins of this term are attributed to
1860-583: The Witwatersrand after contesting 14, but their leader Frederic Creswell failed to gain a seat. Louis Botha became Prime Minister of the Transvaal and Agriculture minister with Jan Smuts as its colonial secretary. Other new cabinet ministers included J de Villiers, Attorney-General and Mines, Henry Charles Hull , Treasurer, Johann Rissik, Land and Native Affairs, Harry Solomon held Public Works and Edward Rooth as whip . The Progressives in opposition would be led by George Farrar and Abe Bailey as
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1920-601: The adoption of the Carolingian monetary system in England c. 800 . Here is a summary of changes to its value in terms of silver or gold until 1816. The pound was a unit of account in Anglo-Saxon England . By the ninth century it was equal to 240 silver pence . The accounting system of dividing one pound into twenty shillings , a shilling into twelve pence, and a penny into four farthings
1980-848: The allowance of the colony to create its own policy and strive for self-government and for the party to be eventually renamed the Nationalists. The Transvaal Progressive Association, formed in November 1904 and active from February 1905, had a similar membership but was linked to the mining industry's opposed self-rule and preferred a legislature nominated by the High Commissioner with strong links to Britain. They were led by George Farrar and Percy Fitzpatrick . The pro-Boer Liberal Party in Britain came to power in January 1906 with
2040-518: The area. Roman-Dutch law was translated into English so the law courts could continue, with some old acts repealed and a considerable amount of new law promulgated by the authorities in Johannesburg. The Resident Magistrate then submitted the names of three members of the district to the Governor for district commission under the magistrate. They would consist of one British subject, and two Boers, one from those who had surrendered early on in
2100-491: The army transport requirement to maintain a garrison and civilian requirements to repair the colony. All feed for transport animals had to be brought to the depots as the process started in the winter of 1902. Refugees from the concentration camps and prisoners of war were returned to their districts in a system of drafts. At the depots, they would receive farm equipment, tents and rations to start again and transport to their destinations. Food rations were provided for almost
2160-478: The common phrase "quids in"). Its origin is unknown: possible derivations include scudo , the name for a number of currency units used in Italy until the 19th century, introduced by Italian immigrants; or from Latin quid via the common phrase quid pro quo , literally, "what for what", or, figuratively, "An equal exchange or substitution". The term "nicker" (also both singular and plural) may also refer to
2220-468: The compound noun pound sterling was derived from a pound (weight) of these sterlings. The English word pound derives from the Latin expression lībra pondō , in which lībra is a noun meaning 'pound' and pondō is a noun, in the ablative case , meaning 'by weight'. The currency sign for the pound unit of sterling is £ , which (depending on typeface) may be drawn with one or two bars :
2280-444: The creation of voters' rolls with the registration process explained in English and Dutch. The British administrators set out to place most Boer farmers back on their land by March 1903 with nineteen million pounds spent on war damages, grants and loans. The administrators reformed the state agricultural departments to modernise farming in the colony which resulted in a maize and beef surplus by 1908. They also attempted to solve
2340-534: The draft South Africa Act which was released for viewing on 9 February 1909. By 19 August 1909, the South Africa Act passed through the British Parliament and into law. As to the question of black enfranchisement, Milner saw this is a serious issue when it came to a peace treaty: "If I did not have some conscience about the treatment of blacks I personally could win over the Dutch in
2400-635: The end of the Second Boer War in 1902 when the South African Republic was dissolved, and the establishment of the Union of South Africa in 1910. The borders of the Transvaal Colony were larger than the defeated South African Republic (which had existed from 1856 to 1902). In 1910 the entire territory became the Transvaal Province of the Union of South Africa. Both the Boer republics,
2460-430: The fact that from the mid-19th century, the sterling/dollar exchange rate was transmitted via transatlantic cable. Historically almost every British coin had a widely recognised nickname, such as "tanner" for the sixpence and "bob" for the shilling . Since decimalisation these have mostly fallen out of use except as parts of proverbs. A common slang term for the pound unit is " quid " (singular and plural, except in
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2520-425: The lack of self-rule, Louis Botha and others met in 1904 at a Volkskongres . The result of this people congress was the unification of the Boer political movement in the Transvaal into a new party called Het Volk in January 1905 by Louis Botha and Jan Smuts. This new party's objective was to seek reconciliation with Britain, which would be favoured by the British opposition Liberal Party , and Boer self-rule for
2580-491: The letter ⟨L⟩ for pound derives from medieval Latin documents: "L" was the abbreviation for libra , the Roman pound (weight), which in time became an English unit of weight defined as the tower pound . A "pound sterling" was literally a tower pound (weight) of sterling silver . In the British pre-decimal ( duodecimal ) currency system, the term £sd (or Lsd) for pounds, shillings and pence referred to
2640-433: The mining magnates and the British administrators, there was a need to restart the industry but labour was required. Just prior to the war, white miners wages were high and magnates weren't keen to increase the wages and since black miners wages had been reduced before the war and not increased, so black labourers weren't interested in working the mines. Unskilled white labour was ruled out as their wages would be too high for
2700-474: The opposition whip. They all assembled for the first time in March 1907. After the 1907 election, the issue of Chinese mining labour was revisited with Het Volk believing there was enough labour in the form of black and white miners. Taking into account the economic interests of the Transvaal, Botha ensured a gradual policy of repatriation of Chinese labour. By 1908, the Boers had won control, in elections, of
2760-597: The origin of the word "sterling". The Oxford English Dictionary states that the "most plausible" etymology is a derivation from the Old English steorra for "star" with the added diminutive suffix -ling , to yield "little star". The reference is to the silver penny used in Norman England in the twelfth century, which bore a small star. Another theory holds that the Hanseatic League
2820-434: The party. The Progressive Party stood 34 candidates and won 21 seats, twenty on the Witwatersrand and one in Pretoria with five Randlords winning seats. Other parties included the Nationalists (old Transvaal Responsible Government Association) that won 6 seats, four on the Witwatersrand and two in Pretoria but their leader Richard Solomon failed to win his seat. The Transvaal Independent Labour Party won three seats in
2880-521: The poor white problem by settling them as tenant farmers on state land, but the lack of capital and labour caused the scheme to fail. An attempt was made to place English settlers on farmland so as to anglicise the Transvaal and increase the English-speaking population but this failed, too, as the policy attracted too few settlers. By the end of 1901, gold mining finally resumed on the Rand around Johannesburg , having virtually stopped since 1899. Backed by
2940-554: The pound. The currency of all the Crown Dependencies ( Guernsey , Jersey , Isle of Man ) and a third of British Overseas Territories ( British Antarctic Territory ; Falkland Islands and South Georgia and the South Sandwich Islands ; Gibraltar ; and Saint Helena, Ascension and Tristan da Cunha ) is either sterling or pegged to sterling at par. The other British Overseas Territories have
3000-602: The pound. The symbol for the shilling was " s ." – not from the first letter of "shilling", but from the Latin solidus . The symbol for the penny was " d .", from the French denier , from the Latin denarius (the solidus and denarius were Roman coins). A mixed sum of shillings and pence, such as 3 shillings and 6 pence, was written as "3/6" or "3 s . 6 d ." and spoken as "three and six" or "three and sixpence" except for "1/1", "2/1" etc., which were spoken as "one and
3060-497: The reconstruction required varied from district to district. In the larger towns, municipal or health boards were "appointed" to manage them under the Resident Magistrate. They had limited functions and the only rates they levied were for sanitary functions. Within fifteen months of the end of the war, the municipal government was introduced with preparations made for fair elections based on property valuation and
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#17327807513773120-513: The reign of King Offa of Mercia (757–796), who introduced a "sterling" coin made by physically dividing a Tower pound (5,400 grains, 349.9 grams) of silver into 240 parts. In practice, the weights of the coins were not consistent, 240 of them seldom added up to a full pound; there were no shilling or pound coins and these units were used only as an accounting convenience . Halfpennies and farthings worth 1 ⁄ 2 and 1 ⁄ 4 penny respectively were also minted, but small change
3180-421: The restoration of the mining industry to pre-war levels, then growing it further with the need for extra labour, the restoration of the Boers to their lands and increasing the agricultural output of those farms. The political issue faced depended on what side of politics one stood on. The existing British administrators under Alfred Milner wished to anglicise the population through two main means. One by increasing
3240-964: The south-west, these borders were mostly well defined by natural features. Within the Transvaal lies the Waterberg Massif , a prominent ancient geological feature of the South African landscape. Divisions: Cities in the Transvaal Colony: Population statistics from the 1904 Census. Pound sterling King Charles III [REDACTED] William, Prince of Wales [REDACTED] Charles III ( King-in-Council ) [REDACTED] Starmer ministry ( L ) Keir Starmer ( L ) Angela Rayner ( L ) ( King-in-Parliament ) [REDACTED] Charles III [REDACTED] [REDACTED] [REDACTED] The Lord Reed The Lord Hodge Andrew Bailey Monetary Policy Committee Sterling ( ISO code : GBP )
3300-539: The war and one who had fought until the end. The commission would have two functions, one to provide assistance and issuing of rations, equipment, transport and plough animals to those affected by the war, and the second to investigate claims for compensation for actual damages sustained during the war. Repatriation depots were established in the districts and they were stocked with food, seed, agricultural equipment, transport, plough animals, stone and building material. The rail transport network struggled to compete with
3360-521: The work done, so the mining magnates and their Chamber of Mines in 1903 sought alternative labour in the form of cheap Chinese workers. The legislation to import Chinese labour was introduced to the Transvaal Legislative Council on 28 December 1903 by George Farrar and was debated for 30 hours and successfully voted on after its three readings on 30 December 1903, coming into law in February 1904. Having been rubber-stamped by
3420-494: The worlds gold output. By 1910, Chinese labour ended on the Witwatersrand and the restrictive job reservation laws preventing Chinese miners doing certain jobs was replicated for Black miners. From the end of the war in 1902, the political administration of the Transvaal colony was controlled by members of a legislative and executive council, all appointed by the British Administrators under Alfred Milner and
3480-470: Was adopted from the livre carolingienne system introduced by Charlemagne to the Frankish Empire . The penny was abbreviated to "d", from denarius , the Roman equivalent of the penny; the shilling to "s" from solidus (written with a long s , ſ , later evolving into a simple slash , / ); and the pound to "L" (subsequently £ ) from Libra or Livre . The origins of sterling lie in
3540-533: Was the fourth-most-traded currency in the foreign exchange market , after the United States dollar , the euro , and the Japanese yen . Together with those three currencies and the renminbi , it forms the basket of currencies that calculate the value of IMF special drawing rights . As of late 2022, sterling is also the fourth most-held reserve currency in global reserves . The Bank of England
3600-414: Was the origin of its definition, manufacture, and name: the German name for the Baltic is Ostsee ( ' East Sea ' ) and from this the Baltic merchants were called Osterlings ( ' Easterlings ' ). In 1260, Henry III granted them a charter of protection and land for their kontor , the Steelyard of London , which by the 1340s was also called Esterlingeshalle ( ' Easterlings Hall ' ). Because
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