99-575: Langvlei (Afrikaans for long marsh ) may refer to: Langvlei, a neighbourhood in Paarl Bo-Langvlei, a lake in the Wilderness National Park Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Langvlei . If an internal link led you here, you may wish to change the link to point directly to
198-633: A fleet of eight ships under Jacob van Neck had been the first Dutch fleet to reach the 'Spice Islands' of Maluku (also known as the Moluccas), cutting out the Javanese middlemen. The ships returned to Europe in 1599 and 1600 and the expedition made a 400 percent profit. In 1600, the Dutch joined forces with the Muslim Hituese on Ambon Island in an anti-Portuguese alliance, in return for which
297-653: A Dutch ship. The Cambodians defeated the VOC in the Cambodian–Dutch War from 1643 to 1644 on the Mekong River. In 1640, the VOC obtained the port of Galle , Ceylon , from the Portuguese and broke the latter's monopoly of the cinnamon trade. In 1658, Gerard Pietersz Hulft laid siege to Colombo , which was captured with the help of King Rajasinghe II of Kandy . By 1659, the Portuguese had been expelled from
396-469: A capital of 6,440,200 guilders , the new company's charter empowered it to build forts, maintain armies, and conclude treaties with Asian rulers. It provided for a venture that would continue for 21 years, with a financial accounting only at the end of each decade. In February 1603, the company seized the Santa Catarina , a 1500-ton Portuguese merchant carrack , off the coast of Singapore. She
495-433: A large capital 'V' with an O on the left and a C on the right half and was possibly the first globally recognised corporate logo . It appeared on various corporate items, such as cannons and coins. The first letter of the hometown of the chamber conducting the operation was placed on top. The monogram, versatility, flexibility, clarity, simplicity, symmetry, timelessness, and symbolism are considered notable characteristics of
594-549: A large share of its profits to this end in the period up to 1630. The VOC traded throughout Asia, benefiting mainly from Bengal . Ships coming into Batavia from the Netherlands carried supplies for VOC settlements in Asia. Silver and copper from Japan were used to trade with the world's wealthiest empires, Mughal India and Qing China , for silk, cotton, porcelain, and textiles. These products were either traded within Asia for
693-673: A lot of wealthy suburbs); Lemoenkloof (a wealthy suburb between the central and northern parts of town); Northern Paarl (middle-class suburb, including the area of Groenvlei); Denneburg (a middle class suburb) as well as Klein Parys (both in the south-east of the town); Vrykyk (in the south), Charleston Hill (east of the Railway line) and areas in the eastern part of the town such as New Orleans, New York, Amstelhof, Lantana and Klein Nederburg. There are also large gated communities developed towards
792-702: A monopoly on East Indies trade. In 1620, diplomatic agreements in Europe ushered in a period of collaboration between the Dutch and English spice trades. This ended with the notorious Amboyna massacre , where ten Englishmen were arrested, tried and beheaded for conspiracy against the Dutch government. Although this caused outrage in Europe and a diplomatic crisis, the English quietly withdrew from most of their Indonesian activities (except trading in Banten) and focused on other Asian interests. In 1619, Jan Pieterszoon Coen
891-463: A new era of an abundant supply of capital at low interest rates suddenly opened around this time. The second factor enabled the company easily to finance its expansion in the new areas of commerce. Between the 1680s and 1720s, the VOC was therefore able to equip and man an appreciable expansion of its fleet, and acquire a large amount of precious metals to finance the purchase of large amounts of Asian commodities, for shipment to Europe. The overall effect
990-625: A private house within the walls. Today, a bronze statue of Mandela stands outside the prison. Paarl hosted three matches of the ICC Cricket World Cup 2003 . The headquarters of Ceres Fruit Juices is located in the city, although its namesake and source of much of the fruit, Ceres Valley, lies around one hour's drive to the northeast. The district is particularly well known for its Pearl Mountain or "Paarl Rock". This huge granite rock consists of three rounded outcrops. Paarl Rock consists of intrusive igneous rock . The area that
1089-421: A quarter of the initial shareholders were Zuid-Nederlanders (people from an area that includes modern Belgium and Luxembourg ), and there were also a few dozen Germans. The VOC had two types of shareholders: the participanten , who could be seen as non-managing members, and the 76 bewindhebbers (later reduced to 60) who acted as managing directors. This was the usual set-up for Dutch joint-stock companies at
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#17327730400091188-456: A single voyage and to be liquidated upon the return of the fleet. Investment in these expeditions was a very high-risk venture, not only because of the usual dangers of piracy, disease and shipwreck, but also because the interplay of inelastic demand and relatively elastic supply of spices could make prices tumble, thereby ruining prospects of profitability. To manage such risk, the forming of a cartel to control supply would seem logical. In 1600,
1287-452: A trade surplus with other European countries. Coen discovered the obvious solution for the problem: to start an intra-Asiatic trade system, whose profits could be used to finance the spice trade with Europe. In the long run this obviated the need for exports of precious metals from Europe, though at first it required the formation of a large trading-capital fund in the Indies. The VOC reinvested
1386-414: A trading post in the area and eventually to monopolise the trade there, especially the gold trade. By 1669, the VOC was the richest private company the world had ever seen, with over 150 merchant ships, 40 warships, 50,000 employees, a private army of 10,000 soldiers, and a dividend payment of 40% on the original investment. Many of the VOC employees inter-mixed with the indigenous peoples and expanded
1485-729: A treaty of 1684 with the Sultan. Also, on the Coromandel Coast , it moved its chief stronghold from Pulicat to Nagapattinam , so as to secure a monopoly on the pepper trade to the detriment of the French and the Danes. However, the importance of these traditional commodities in the Asian-European trade was diminishing rapidly at the time. The military outlays that the VOC needed to make to enhance its monopoly were not justified by
1584-682: Is a town with 285,574 inhabitants in the Western Cape province of South Africa . It is the largest town in the Cape Winelands . Due to the growth of the Mbekweni township, it is now a de facto urban unit with Wellington . It is situated about 60 kilometres (37 mi) northeast of Cape Town in the Western Cape Province and is known for its scenic environment and viticulture and fruit-growing heritage. Paarl
1683-416: Is afforded by bolts in the granite, and there are on Paarl Rock a few dozen routes that attract the best climbers of the current generation. (All of these climbs remain dangerous for the inexperienced.) Amongst the neighbourhoods are De Zoete Inval (a middle-class suburb in the south); Courtrai (a wealthy suburb in the southern part of town); Central Paarl (generally known as Upper-Paarl and also containing
1782-634: Is being considered for merging .› Like many towns in the Cape Winelands, Paarl is home to many Cape Dutch houses , gardens and streets lined with old oak trees. Paarl was the place where the foundations of the Afrikaans language were laid by the Genootskap van Regte Afrikaners . The " Afrikaanse Taalmonument " (monument to the Afrikaans language) on the slopes of Paarl Mountain,
1881-477: Is divided per chevron into red and green, with a golden chevron rompu across the centre and a silver cross pommy below it. Above the arms was a green mural crown decorated with a band of red edged in gold. The motto was uXolo neMpulelelo . Dutch East India Company The United East India Company ( Dutch : Vereenigde Oostindische Compagnie [vərˈeːnɪɣdə ʔoːstˈɪndisə kɔmpɑˈɲi] ; abbreviated as VOC [veː(j)oːˈseː] ), commonly known as
1980-661: Is now known as Paarl was first and is still inhabited by the Khoikhoi . The Peninsular Khoikhoi people and the Cocoqua people live in this area divided by the Berg River Valley. The Cocoqua were cattle-herding people and among the richest of the Khoi tribes. They had between 16,000 and 18,000 members and originally called Paarl Mountain, "!hom ǃnāb/s" which means Tortoise Mountain. The Dutch East India Company , under
2079-617: Is the seat of the Drakenstein Local Municipality ; although not part of the Cape Town metropolitan area, it falls within its economic catchment. Paarl is unusual among South African place-names, in being pronounced differently in English than in Afrikaans; likewise unusual about the town's name is Afrikaners customary attachment to it, saying not in Paarl , but rather in die Paarl , or in die Pêrel (literally, "in
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#17327730400092178-575: Is used to make a distinction from the [British] East India Company (EIC) and other East Indian companies (such as the Danish East India Company , French East India Company , Portuguese East India Company , and the Swedish East India Company ). The company's alternative names that have been used include the 'Dutch East Indies Company', 'United East India Company', 'Jan Company', or 'Jan Compagnie'. Before
2277-603: The Amsterdam Stock Exchange ). The company possessed quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins , and establish colonies. Also, because it traded across multiple colonies and countries from both the East and the West, the VOC is sometimes considered to have been the world's first multinational corporation . Statistically,
2376-703: The Dutch East India Company , was a chartered trading company and one of the first joint-stock companies in the world. Established on 20 March 1602 by the States General of the Netherlands amalgamating existing companies , it was granted a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be purchased by any citizen of the United Provinces (Dutch Republic) and subsequently bought and sold in open-air secondary markets (one of which became
2475-556: The Dutch Republic was at war. The Portuguese Empire thus became an appropriate target for Dutch military incursions. These factors motivated Dutch merchants to enter the intercontinental spice trade themselves. Further, a number of Dutch merchants and explorers, such as Jan Huyghen van Linschoten and Cornelis de Houtman , went on to obtain firsthand knowledge of the "secret" Portuguese trade routes and practices that were already in place, thereby providing further opportunity for
2574-599: The Dutch Revolt , which began in 1566/68, the Flemish city of Antwerp had played an important role as a distribution center in northern Europe. After 1591, the Portuguese used an international syndicate of the German Fugger family and Welser family , as well as Spanish and Italian firms, which operated out of Hamburg as the northern staple port to distribute their goods, thereby cutting Dutch merchants out of
2673-624: The Heeren XVII (the Lords Seventeen). They were selected from the bewindhebber -class of shareholders. Of the Heeren XVII , eight delegates were from the Chamber of Amsterdam (one short of a majority on its own), four from the Chamber of Zeeland, and one from each of the smaller Chambers, while the seventeenth seat was alternatively from the Chamber of Middelburg-Zeeland or rotated among the five small Chambers. Amsterdam had thereby
2772-548: The IEB examinations as distinct from the National Senior Certificate offered by government schools. The N1 national highway is the main freeway intersecting Paarl, running south of the city from the city of Cape Town in the south-west to Worcester and further onwards to Bloemfontein , Johannesburg and Pretoria in the north-east intersecting four on and off-ramp interchanges within Paarl including
2871-527: The Khoikhoi people, as land and water resources began to be contested and the Khoi traditions of communal land use came in conflict with the settler's concept of private property. The Khoi peoples were defeated in local war and were further decimated by European diseases. The population scattered inland toward the Orange River or became labourers on settler farms. In the 2001 census Paarl's population
2970-679: The Malabar and Coromandel coasts in India. Direct access to mainland China came in 1729 when a factory was established in Canton . In 1662, however, Koxinga expelled the Dutch from Taiwan ( see History of Taiwan ). In 1663, the VOC signed the "Painan Treaty" with several local lords in the Painan area that were revolting against the Aceh Sultanate . The treaty allowed the VOC to build
3069-643: The Dutch East Indies for the first time in its history. After the Fourth Anglo-Dutch War , the VOC's financial issues worsened considerably. After vain attempts at reorganisation by the provincial States of Holland and Zeeland , the board of directors in the VOC were sacked in 1796 and the company's management was handed over to a Committee for Affairs relating to East India Trade and Possessions (Dutch: Comité tot de zaken van de Oost-Indische handel en bezittingen ). The VOC charter
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3168-488: The Dutch captain's life on condition that he joined his army and trained his soldiers on modern lines. This defeat in the Travancore–Dutch War is considered the earliest example of an organised Asian power overcoming European military technology and tactics; and it signalled the decline of Dutch power in India. The attempt to continue as before as a low volume-high profit business enterprise with its core business in
3267-553: The Dutch to enter the trade. The stage was thus set for Dutch expeditions to the Indonesian islands , beginning with James Lancaster in 1591, Cornelis de Houtman in 1595 and again in 1598, Jacob Van Neck in 1598, Lancaster again in 1601, among others. During the four-ship exploratory expedition by Frederick de Houtman in 1595 to Banten , the main pepper port of West Java, the crew clashed with both Portuguese and indigenous Javanese. Houtman's expedition then sailed east along
3366-539: The Dutch were given the sole right to purchase spices from Hitu. Dutch control of Ambon was achieved when the Portuguese surrendered their fort in Ambon to the Dutch-Hituese alliance. In 1613, the Dutch expelled the Portuguese from their Solor fort, but a subsequent Portuguese attack led to a second change of hands; following this second reoccupation, the Dutch once again captured Solor in 1636. East of Solor , on
3465-711: The East Indies, but implementation of this policy never materialised, mainly because very few Dutch were willing to emigrate to Asia. Another of Coen's ventures was more successful. A major problem in the European trade with Asia at the time was that the Europeans could offer few goods that Asian consumers wanted, except silver and gold. European traders therefore had to pay for spices with the precious metals, which were in short supply in Europe, except for Spain and Portugal. The Dutch and English had to obtain it by creating
3564-534: The English were the first to adopt this approach by bundling their resources into a monopoly enterprise, the English East India Company , thereby threatening their Dutch competitors with ruin. In 1602, the Dutch government followed suit, sponsoring the creation of a single "United East Indies Company" that was also granted monopoly over the Asian trade. For a time in the seventeenth century, it
3663-662: The Language Museum (Taalmuseum) and the Afrikaans Language Route through Dal Josaphat are memorials to this achievement. The former headquarters of the wine industry in South Africa is also situated here. This was the "Co-operative Wine Growers' Association" (better known by its Afrikaans initials KWV). KWV became a South African institution that has acquired an international reputation based on its unique achievements and its imprint of quality on
3762-438: The Paarl wine route, with its many wine tasting opportunities. The old Spice Route Paarl , which was initiated in 1997 by Charles Back , the owner of this estate as well as of Fairview , provides an opportunity for visitors to appreciate and taste local delicacies from the Western Cape . In addition to that, a range of art galleries and the traditional way of organic dark chocolate production can be explored. The heritage of
3861-522: The Paarl"). Paarl gained additional international attention when, on 11 February 1990, Nelson Mandela walked, with live international television coverage, out of Victor Verster Correctional Centre (now known as Drakenstein Correctional Centre ) in Paarl ending his 27 years of imprisonment, and beginning a course to South Africa's post-apartheid era and, notably, to multi-racial elections. Mandela spent three years in prison here living in
3960-776: The R45 Main Road (Exit 55), Cecilia Street (Exit 57), R301 Jan van Riebeeck Drive (Exit 59) and Sonstraal Road (Exit 62) interchanges. As a regional hub, Paarl is located at the centre of three regional routes including the R45 (Main Road) which runs from Franschhoek and Villiersdorp in the south-west to Malmesbury and Vredenburg in the Cape West Coast which is to the north-west. The R101 (Main Road; Market Street; Langenhoven Avenue) runs from Klapmuts and Kraaifontein in
4059-638: The South of the town on the way to Franschhoek, such as Boschenmeer (golf estate), Val de Vie Estate (polo estate) and Pearl Valley (golf estate). The town boasts some of the best known governmental academic high schools in the country including Paarl Gimnasium High School , La Rochelle Girls' High School , Paarl Boys' High School , Paarl Girls’ High School , Boland Agricultural High, Paulus Joubert High, Noorder Paarl High School, New Orleans Secondary and Klein Nederburg Secondary. Paarl Girls' High
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4158-577: The Spice Route farm goes back to the historical mariners who used to trade Eastern spices to Europe along the "Spice Route" for spice trade in the 15th century. The Paarl Rock itself is these days a common destination for rock climbers. However, in the pioneering period of rock climbing in South Africa, the mountain was ignored or shunned because its steep faces were so smooth and unfissured that climbers could find no place to attach "runners" or anchor points for belays . The first climbing routes up
4257-556: The VOC by 1685. Even more importantly, the Third Anglo-Dutch War temporarily interrupted VOC trade with Europe. This caused a spike in the price of pepper, which enticed the English East India Company (EIC) to enter this market aggressively in the years after 1672. Previously, one of the tenets of the VOC pricing policy was to slightly over-supply the pepper market, so as to depress prices below
4356-428: The VOC eclipsed all of its rivals in the Asian trade. Between 1602 and 1796 the VOC sent nearly a million Europeans to work in the Asia trade on 4,785 ships and netted for their efforts more than 2.5 million tons of Asian trade goods and slaves. By contrast, the rest of Europe combined sent only 882,412 people from 1500 to 1795, and the fleet of the English (later British) East India Company , the VOC's nearest competitor,
4455-493: The VOC in the Dutch Republic , the VOC made extensive use of local Asian labour markets. As a result, the personnel of the various VOC offices in Asia consisted of European and Asian employees. Asian or Eurasian workers could be employed as sailors, soldiers, writers, carpenters, smiths, or as simple unskilled workers. At the height of its existence, the VOC had 25,000 employees who worked in Asia and 11,000 who were en route. Also, while most of its shareholders were Dutch, about
4554-520: The VOC mainly operated in what later became the Dutch East Indies (modern Indonesia), the company also had important operations elsewhere. It employed people from different continents and origins in the same functions and working environments. Although it was a Dutch company, its employees included not only people from the Netherlands, but also many from Germany and other countries. Besides the diverse north-west European workforce recruited by
4653-626: The VOC tried to use military force to make Ming dynasty China open up to Dutch trade, the Chinese defeated the Dutch in a war over the Penghu islands from 1623 to 1624, forcing the VOC to abandon Penghu for Taiwan . The Chinese defeated the VOC again at the Battle of Liaoluo Bay in 1633. The Vietnamese Nguyen lords defeated the VOC in a 1643 battle during the Trịnh–Nguyễn War , blowing up
4752-515: The VOC's professionally designed logo. Those elements ensured its success at a time when the concept of the corporate identity was virtually unknown. An Australian vintner has used the VOC logo since the late 20th century, having re-registered the company's name for the purpose. Around the world, and especially in English-speaking countries, the VOC is widely known as the 'Dutch East India Company'. The name 'Dutch East India Company'
4851-470: The VOC's trade started in the early 1680s, after the temporary collapse of the EIC around 1683 offered an excellent opportunity to enter these markets. The actual cause for the change lies, however, in two structural features of this new era. In the first place, there was a revolutionary change in the tastes affecting European demand for Asian textiles, coffee and tea, around the turn of the 18th century. Secondly,
4950-519: The Van Reede shield formed the basis of the design. Down the middle of the shield was a red pale displaying a bunch of grapes between two pearls. The crest was a fleur de lis. The motto was Animus et fata ("Courage and fortune"). Mbekweni — The local authority for the predominantly Black township of Mbekweni, which borders with Wellington, registered arms at the Bureau on 5 May 1989. The shield
5049-563: The Zamorin was made to sign a treaty with the VOC undertaking to trade exclusively with the VOC and expel other European traders. For a brief time, this appeared to improve the company's prospects. However, in 1715, with EIC encouragement, the Zamorin renounced the treaty. Though a Dutch army managed to suppress this insurrection temporarily, the Zamorin continued to trade with the English and the French, which led to an appreciable upsurge in English and French traffic. The VOC decided in 1721 that it
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#17327730400095148-407: The area. The fertile soil and the Mediterranean -like climate of this region provided perfect conditions for farming. The settlers planted orchards , vegetable gardens and, above all, vineyards . Thus began Paarl's long and continuing history as a major wine- and fruit-producing area of South Africa. In 1875 a congregation was formed out of a desire to be educated in their mother tongue. This
5247-532: The coastal regions, which were then occupied by the VOC, securing for it the monopoly over cinnamon. To prevent the Portuguese or the English from ever recapturing Sri Lanka , the VOC went on to conquer the entire Malabar Coast from the Portuguese, almost entirely driving them from the west coast of India. In 1652, Jan van Riebeeck established a resupply outpost at the Cape of Storms (the southwestern tip of Africa, now Cape Town , South Africa) to service company ships on their journey to and from East Asia. The cape
5346-418: The company at this time therefore were not hopeless, had one of the plans for reform been undertaken successfully. However, the Fourth Anglo-Dutch War intervened. British naval attacks in Europe and Asia reduced the VOC fleet by half; removed valuable cargo from its control; and eroded its remaining power in Asia. The direct losses of the VOC during the war can be calculated at 43 million guilders. Loans to keep
5445-458: The company operating reduced its net assets to zero. From 1720 on, the market for sugar from Indonesia declined as the competition from cheap sugar from Brazil increased. European markets became saturated. Dozens of Chinese sugar traders went bankrupt, which led to massive unemployment, which in turn led to gangs of unemployed coolies . The Dutch government in Batavia did not adequately respond to these problems. In 1740, rumours of deportation of
5544-401: The company's overhead rose in step with the growth in trade volume; declining gross margins translated directly into a decline in profitability of the invested capital. The era of expansion was one of "profitless growth". Specifically: "[t]he long-term average annual profit in the VOC's 1630–70 'Golden Age' was 2.1 million guilders, of which just under half was distributed as dividends and
5643-432: The coveted spices or brought back to Europe. The VOC was also instrumental in introducing European ideas and technology to Asia. The company supported Christian missionaries and traded modern technology with China and Japan. A more peaceful VOC trade post on Dejima , an artificial island off the coast of Nagasaki , was for more than two hundred years the only place where Europeans were permitted to trade with Japan . When
5742-482: The deterioration of revenues. To a large extent the costs of the operation of the VOC had a "fixed" character (military establishments; maintenance of the fleet and such). Profit levels might therefore have been maintained if the increase in the scale of trading operations that in fact took place had resulted in economies of scale . However, though larger ships transported the growing volume of goods, labour productivity did not go up sufficiently to realise these. In general
5841-541: The fortunes of the VOC started to decline. Five major contributing factors are attributed to its decay in the 50 years between 1730 and 1780: Despite these problems, the VOC in 1780 remained an enormous operation. Its capital in the Republic, consisting of ships and goods in inventory, totalled 28 million guilders; its capital in Asia, consisting of the liquid trading fund and goods en route to Europe, totalled 46 million guilders. Total capital, net of outstanding debt, stood at 62 million guilders. The prospects of
5940-406: The gangs from the Batavia area led to widespread rioting. The Dutch military searched houses of Chinese in Batavia for weapons. When a house accidentally burnt down, military and impoverished citizens started slaughtering and pillaging the Chinese community. This massacre of the Chinese was deemed sufficiently serious for the board of the VOC to start an official investigation into the Government of
6039-425: The increased profits of this declining trade. Nevertheless, this lesson was slow to sink in and at first the VOC made the strategic decision to improve its military position on the Malabar Coast (hoping thereby to curtail English influence in the area, and end the drain on its resources from the cost of the Malabar garrisons) by using force to compel the Zamorin of Calicut to submit to Dutch domination. In 1710,
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#17327730400096138-440: The intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Langvlei&oldid=927133263 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Paarl Paarl ( / ˈ p ɑːr l / ; Afrikaans: [ˈpɑːrl̩] ; derived from Parel , meaning "pearl" in Dutch )
6237-409: The interim could only do this by selling their share to others on the Amsterdam Stock Exchange . Confusion of confusions , a 1688 dialogue by the Sephardi Jew Joseph de la Vega analysed the workings of this one-stock exchange. The VOC consisted of six Chambers ( Kamers ) in port cities: Amsterdam , Delft , Rotterdam , Enkhuizen , Middelburg and Hoorn . Delegates of these chambers convened as
6336-414: The island of Timor , Dutch advances were halted by an autonomous and powerful group of Portuguese Eurasians called the Topasses . They remained in control of the Sandalwood trade and their resistance lasted throughout the 17th and 18th centuries, causing Portuguese Timor to remain under the Portuguese sphere of control. At the time, it was customary for a company to be funded only for the duration of
6435-446: The late 18th century, the company went bankrupt and was formally dissolved in 1799. Its possessions and debt were taken over by the government of the Dutch Batavian Republic . In Dutch, the name of the company was the Vereenigde Nederlandsche Geoctroyeerde Oostindische Compagnie (abbreviated as the VOC), literally the 'United Dutch Chartered East India Company' (the United East India Company). The company's monogram logo consisted of
6534-418: The latter came close to bankruptcy; its share price plummeted from 600 to 250; and its president Josiah Child was temporarily forced from office. However, the writing was on the wall. Other companies, like the French East India Company and the Danish East India Company also started to make inroads on the Dutch system. The VOC therefore closed the theretofore flourishing open pepper emporium of Bantam by
6633-430: The latter period, 3.4 percent." Nevertheless, in the eyes of investors the VOC did not do too badly. The share price hovered consistently around the 400 mark from the mid-1680s (excepting a hiccup around the Glorious Revolution in 1688), and they reached an all-time high of around 642 in the 1720s. VOC shares then yielded a return of 3.5 percent, only slightly less than the yield on Dutch government bonds. After 1730,
6732-408: The leadership of Jan van Riebeeck , established meat-trading relationships with the Khoikhoi people on the Table Bay coastline. In 1657, in search of new trading relationships inland, Abraham Gabemma saw a giant granite rock glistening in the sun after a rainstorm and named it "de Diamondt en de Peerlberg" (Diamond and Pearl Mountain), from which Paarl is derived. Gabemma (often also spelt Gabbema)
6831-405: The level where interlopers were encouraged to enter the market (instead of striving for short-term profit maximisation ). The wisdom of such a policy was illustrated when a fierce price war with the EIC ensued, as that company flooded the market with new supplies from India. In this struggle for market share, the VOC (which had much larger financial resources) could wait out the EIC. Indeed, by 1683,
6930-485: The local wine industry. Over the past decade, however, KWV has been privatized and no longer has an administrative role in the South African wine industry. (KWV's main wine production and maturation facilities are on its Paarl premises, while its brandy production takes place in Worcester and grape juice concentrate production in Upington in the Northern Cape .) Sights include Cape Dutch buildings (17-19th Century), scenic drives, hiking trails, excellent restaurants and
7029-448: The new version, each of the dancetty bars on the shield displayed two pearls; the supporters were red with blue wings dotted with golden fleurs de lis; and the crest was a red demi-gryphon with blue wings holding a bunch of grapes . Divisional Council — The divisional council was the local authority which administered the rural areas outside the town. It registered a coat of arms at the Bureau of Heraldry on 20 October 1978. Once again,
7128-432: The next two centuries the company acquired additional ports as trading bases and safeguarded their interests by taking over surrounding territory. It remained an important trading concern and paid annual dividends that averaged to about 18% of the capital for almost 200 years. Much of the labor that built its colonies was from people it had enslaved. Weighed down by smuggling, corruption and growing administrative costs in
7227-542: The north coast of Java , losing twelve crew members to a Javanese attack at Sidayu and killing a local ruler in Madura . Half the crew were lost before the expedition made it back to the Netherlands the following year, but with enough spices to make a considerable profit. In 1598, an increasing number of fleets were sent out by competing merchant groups from around the Netherlands. Some fleets were lost, but most were successful, with some voyages producing high profits. In 1598,
7326-458: The north-west (via the R43 ). Municipality (1) — On 18 July 1905, the municipal council accepted a coat of arms presented by Adriaan Moorrees [ af ] . It was the arms of Hendrik van Reede van Drakenstein : a silver shield charged with two dancetty black bars and crowned with a golden coronet. The supporters were two golden gryphons. The motto was Pour le salut du peuple ("For
7425-573: The population of Indos in pre-colonial history . Around 1670, two events caused the growth of VOC trade to stall. In the first place, the highly profitable trade with Japan started to decline. The loss of the outpost on Formosa to Koxinga in the 1662 siege of Fort Zeelandia and related internal turmoil in China (where the Ming dynasty was being replaced with the China's Qing dynasty ) brought an end to
7524-408: The remainder reinvested. The long-term average annual profit in the 'Expansion Age' (1680–1730) was 2.0 million guilders, of which three-quarters was distributed as dividend and one-quarter reinvested. In the earlier period, profits averaged 18 percent of total revenues; in the latter period, 10 percent. The annual return of invested capital in the earlier period stood at approximately 6 percent; in
7623-499: The risk of despotic governors-general, a Council of the Indies ( Raad van Indië ) was created. The governor-general effectively became the main administrator of the VOC's activities in Asia, although the Heeren XVII , a body of 17 shareholders representing different chambers, continued to officially have overall control. VOC headquarters were located in Ambon during the tenures of the first three governors-general (1610–1619), but it
7722-488: The rock were pioneered in 1969 by J. W. Marchant and G. Athiros, the former from the University of Cape Town Mountain and Ski Club. Soon afterwards Marchant and John Knight established a few routes on which the rope was run out for 100 m (330 ft) or more with no protection whatsoever. This was in the days before bolting was possible, and these achievements are still held in high regard today. Nowadays protection
7821-420: The silk trade after 1666. Though the VOC substituted Mughal Bengal 's for Chinese silk, other forces affected the supply of Japanese silver and gold. The shogunate enacted a number of measures to limit the export of these precious metals, in the process limiting VOC opportunities for trade, and severely worsening the terms of trade. Therefore, Japan ceased to function as the linchpin of the intra-Asiatic trade of
7920-653: The south-west, passing through Paarl and climbing over the Du Toitskloof Mountains as Du Toitskloof Pass to join the N1 to Worcester. The R101 was the original N1 and served the same function before the construction of the highway. The R301 (Jan van Riebeeck Drive) runs from Franschhoek (via the R45) in the south-west to Mbekweni and Wellington in the north and over the Bainskloof Pass to Ceres in
8019-414: The spice trade had therefore failed. The company had however already (reluctantly) followed the example of its European competitors in diversifying into other Asian commodities, like tea, coffee, cotton, textiles, and sugar. These commodities provided a lower profit margin and therefore required a larger sales volume to generate the same amount of revenue. This structural change in the commodity composition of
8118-487: The time made this difficult to discern for the managers of the company, which may partly explain the mistakes they made from hindsight. This lack of information might have been counteracted (as in earlier times in the VOC's history) by the business acumen of the directors. By this time these were almost exclusively recruited from the political regent class, which had long since lost its close relationship with merchant circles. Low profit margins in themselves do not explain
8217-420: The time. The innovation in the case of the VOC was that the liability of not just the participanten but also of the bewindhebbers was limited to the paid-in capital (usually, bewindhebbers had unlimited liability). The VOC therefore was a limited liability company . Also, the capital would be permanent during the lifetime of the company. As a consequence, investors that wished to liquidate their interest in
8316-589: The trade. At the same time, the Portuguese trade system was unable to increase supply to satisfy growing demand, in particular the demand for pepper. Demand for spices was relatively inelastic ; therefore, each lag in the supply of pepper caused a sharp rise in pepper prices. In 1580, the Portuguese crown was united in a personal union with the Spanish crown (known as the Iberian Union ), with which
8415-659: The wellbeing of the people"). Sometimes, the arms were depicted as silver dancetty bars on a blue shield. Municipality (2) — The arms were re-designed in 1950 by Colin Graham Botha , and granted by the College of Arms on 22 January 1951. They were published in the Cape Province's Official Gazette in 1955, re-granted by the provincial administrator in 1967, and certified by the Bureau of Heraldry in 1969. In
8514-488: Was a distant second to its total traffic with 2,690 ships and a mere one-fifth the tonnage of goods carried by the VOC. The VOC enjoyed huge profits from its spice monopoly and slave trading activities through most of the 17th century. Having been set up in 1602 to profit from the Malukan spice trade, the VOC established a capital in the port city of Jayakarta in 1619 and changed its name to Batavia (now Jakarta ). Over
8613-591: Was able to monopolise the trade in nutmeg, mace, and cloves and to sell these spices across European kingdoms and Emperor Akbar the Great's Mughal Empire at 14–17 times the price it paid in Indonesia ; While Dutch profits soared, the local economy of the Spice Islands was destroyed, because as a monopoly buyer, the VOC forced the prices paid to the local producers in the Spice Islands down to low levels. With
8712-706: Was appointed governor-general of the VOC. He saw the possibility of the VOC becoming an Asian power, both political and economic. On 30 May 1619, Coen, backed by a force of nineteen ships, stormed Jayakarta, driving out the Banten forces; and from the ashes established Batavia as the VOC headquarters. In the 1620s almost the entire native population of the Banda Islands was driven away, starved to death, or killed in an attempt to replace them with Dutch plantations. These plantations were used to grow nutmeg for export. Coen hoped to settle large numbers of Dutch colonists in
8811-505: Was approximately to double the size of the company. The tonnage of the returning ships rose by 125 percent in this period. However, the company's revenues from the sale of goods landed in Europe rose by only 78 percent. This reflects the basic change in the VOC's circumstances that had occurred: it now operated in new markets for goods with an elastic demand, in which it had to compete on an equal footing with other suppliers. This made for low profit margins. The business information systems of
8910-701: Was controlled by a powerful local ruler and subject to stiff competition from Chinese and English traders. In 1604, a second English East India Company voyage commanded by Sir Henry Middleton reached the islands of Ternate , Tidore , Ambon and Banda . In Banda, they encountered severe VOC hostility, sparking Anglo-Dutch competition for access to spices. From 1611 to 1617, the English established trading posts at Sukadana (southwest Kalimantan ), Makassar , Jayakarta and Jepara in Java , and Aceh, Pariaman and Jambi in Sumatra , which threatened Dutch ambitions for
9009-554: Was later renamed Cape of Good Hope in honour of the outpost's presence. Although non-company ships were welcome to use the station, they were charged exorbitantly. This post later became a full-fledged colony, the Cape Colony , when more Dutch and other Europeans started to settle there. Through the seventeenth century VOC trading posts were also established in Persia , Bengal , Malacca , Siam , Formosa (now Taiwan), as well as
9108-487: Was no longer worth the trouble to try to dominate the Malabar pepper and spice trade. A strategic decision was taken to scale down the Dutch military presence and in effect yield the area to EIC influence. In the 1741 Battle of Colachel , warriors of Travancore under Raja Marthanda Varma defeated the Dutch. The Dutch commander Captain Eustachius De Lannoy was captured. Marthanda Varma agreed to spare
9207-407: Was not a satisfactory location. Although it was at the centre of the spice production areas, it was far from the Asian trade routes and other VOC areas of activity ranging from Africa to India to Japan. A location in the west of the archipelago was thus sought. The Straits of Malacca were strategic but became dangerous following the Portuguese conquest, and the first permanent VOC settlement in Banten
9306-619: Was placed 17th in the National Senior Certificate's "Excellence in academic performance" awards in 2012. New Orleans Secondary is the school where the Miss South Africa (2018), Tamaryn Green, completed her secondary education. Independent schools such as Simond Private School (est. 1852) and Bridge House also feature in this region. Bridge House, listed as one of the most expensive independent schools in South Africa, offers boarding facilities. These schools offer
9405-425: Was recorded as being 82,713 people in 20,138 households, in a land area of 32.2 square kilometres (12.4 sq mi). A total of 67.8% of the inhabitants described themselves as " Coloured ", 21.2% as " White ", 10.5% as " Black African ", and 0.5% as " Indian or Asian ". Regarding language, 85.6% spoke Afrikaans as their first language , 8.5% spoke Xhosa , and 5.2% spoke English . ‹The template Manual
9504-649: Was renewed several times, but was allowed to expire on 31 December 1799. Most of the possessions of the former VOC were subsequently occupied by Great Britain during the Napoleonic wars , but after the new United Kingdom of the Netherlands was created by the Congress of Vienna , some of these were restored to this successor state of the Dutch Republic by the Anglo-Dutch Treaty of 1814 . While
9603-534: Was such a rich prize that her sale proceeds increased the capital of the VOC by more than 50%. Also in 1603, the first permanent Dutch trading post in Indonesia was established in Banten , West Java , and in 1611, another was established at Jayakarta (later "Batavia" and then "Jakarta"). In 1610, the VOC established the post of governor-general to more firmly control their affairs in Asia. To advise and control
9702-523: Was the Fiscal (public treasurer) for the settlement on the shores of Table Bay. The "diamonds" disappeared from the name, and it became known simply as Pearl Rock or Pearl Mountain. In 1687, Governor Simon van der Stel gave the title to the first colonial farms in the area to "free burghers". The following year, the French Huguenots arrived in the Western Cape and began to settle on farms in
9801-406: Was the result of a Reverend GWA van der Lingen idea who tried to motivate and convince people of his principles. The congregation would raise funds and begin construction of a church that would later be known as the "Toring Kerk" (Tower Church). Construction finished in 1905. The church contains materials imported from London and Egypt. The arrival of the European settlers brought on a conflict with
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