European Stars And Stripes (Newspaper) - September 11, 1985, Darmstadt, Hesse                                Wednesday september 11, 1985 the stars and stripes Page 3 at left t group called americans for South Africa demonstrates on the Capitol sidelights on South Africa s turmoil Steps in Washington in protest against . Economic sanctions. Right Chan Nesburg gun merchant Paul Blan watches a customer sight Down the barrel of a Shotgun. Black riots have cause weapons sales to skyrocket. Reagan anti apartheid move cheered booed by the associated press the British Commonwealth cheered president Reagan s order thai economic sanctions be imposed against Sou a  As a major leap Forward in inc Campaign against apartheid but the soviet Union mocked it As  reactions to Reagan s announcement monday varied in older countries. Britain one of the main opponents of sanctions said it still considered them counterproductive. In South Africa Black anglican Bishop Desmond tulu Winner of the 1984 Nobel peace prize said Reagan Only imposed the limited measures to Cut off stiffer legis lation planned by Congress. Tass the official soviet news Agency said Reagan today announced the introduction of so called economic sanctions against the apartheid regime in South Africa. The proclaimed measures Are purely of a cosmetic nature and can be simply ignored by  Reagan announced that he will ban the irn Norl of South african Gold coins and prohibit most Loans to the South african government exports of computers thai could be used to enforce apartheid and the Sale of most nuclear technology. In London sir Shri Dath Ramphal Secretary general of the British common wealth said the 49 countries in the group generally will Welcome president Rea Gan s acceptance of the principle of eco nomic sanctions against South  the measures themselves arc a Small step but in taking them the . Administration will help the world to make a major leap Forward toward Justice and human dignity in Southern  he said. South Africa left the Commonwealth in 1961 when it became Clear it was about to be expelled for its failure to Grant equal rights to the majority Black population. But a spokesman for prime minister Margaret Thatcher of Britain speaking on condition of anonymity said there s no doubling our revulsion at the policy of apartheid but we judge sanctions As Likely to be  the announcement of . Sanctions prompted opposition parties to criticize Thatcher s conservatives. Denis local by foreign affairs spokes Man for inc labor parly said Britain had been completely isolated in he common wealth in opposing sanctions and now was practically isolated inside nato  the Leader of Britain s centrist social democratic party David Owen speaking at the party s annual conference in Torquay said mrs. Thatcher by clinging like a Limpet to president Reagan by behaving As if we arc the 51st stale has led us to one of the most humiliating foreign policy rebuffs since world War ii. Mrs. Thatch or is a puppet whose strings have been ruthlessly Cut even by president  Britain s foreign Secretary sir Geoffrey Howe said on arriving in Luxembourg for u Mcling of the european common mar Ket that the ministers would study care fully the . Sanctions. We share inc . Aim of wanting to avoid measures that arc destructive to the South african  he said. We therefore remain opposed to mandatory economic  Canada s foreign affairs minister. Joe Clark said he approved of the . Sanctions and that they were by and Large the same As i Host Canada imposed in july. Clark Lold inc House of commons in Ottawa that Canada is prepared to resort to inc full disruption of economic and diplomatic Rel Lions 10 end apartheid in South Africa if other measures fail. In the Netherlands finance ministry spokesman Jaap Uceda said inc govern ment monday reduced inc limit Hal in would insure business con races Wilh South Africa. Welda said inc government Cut its cred it reinsurance maximum f of the equivalent of $151.5 million to $60.6 million. Dulch firms doing business abroad commonly insure i hair con races Wilh inc Dulch credit corporation which in Lurn is reinsured by the government for is risk. Study ordered for proposed . Gold Coin Washington a president Reagan has or dered a study to determine if the government should do something it has t done in More than 50 years mint a general purpose Gold Coin for Sale to the Public. No Tina decision has been made but supporters of the . Gold Coin Sav there is a potential Market for More than 2 million of the coins annually. The president on monday As part of a set of sanctions against the government of South Africa announced he was taking Steps to ban further imports of that country popular Krugerrand Gold Coin. To placate . Gold investors he directed Treasury Secretary James a. Baker Iii to report within 60 Days on the feasibility of minting an american Gold Coin As an alternative to the Krugerrand. The United slates has not had a Gold Coin in general circulation since 1933, the year the country went off the Gold Standard revoking the past practice of promising to redeem paper Money in Gold. It was t until 1974 that americans were even allowed to once again own Gold. Officials at the Treasury department said tuesday that no decisions had been made on what Type of Coin to recommend that Congress approve. However there has been support in both the Senate and House for a proposal that would Call for minting an american Eagle Gold Coin. The Coin gets its name from the fact that it would have the Teal of the United states with the Eagle on one Side and the image of Liberty taken from the popular 1908 $20 Gold Coin on the other Side. The House As part of its package of sanctions against South Africa passed legislation directing the Treasury department to begin minting the Eagle Gold coins on oct. 1,1986. The legislation which the Senate has not acted on called for the Gold coins to be classified As Bullion coins meaning their Worth would be determined by the going South Africa s popular Knighr Rand Gold Coin Price for the amount of Gold they contained. Rcw a. Ltd in would a Mil cd in denominations of n Nom nations os50, s25, v10 and $5, the Price the government received for the coins would be much higher. The j50 Gold Coin would contain one ounce of Gold the $25 Coin would have one half ounce the j10, one fourth ounce and the j5 would contain on to nah of an ounce of Gold. At the going rate of Gold on monday Hal would mean that the $50 Gold piece would sell for More than $320. Under the House Bill All . Gold coins would contain 92 percent pure Gold Wilh the rest made up of other alloys generally Copper. The coins would be the same size ind weight As the Krugerrand. The . Mini already has had two limited forays into minting Gold coins under authority of a 1982 Law it minted and sold 570,000 commemorative olympic Gold coins. The $50 coins which contained Aboul one half ounce of Gold were sold for $352 each to help raise Money for the olympic games. A $5 Gold piece is being minted and will go on Sale this fall for $175 to help raise Money to refurbish the Lalue of Liberty. Officials say they expect to sell 500,000 of in coins. Rep. Frank Annunzio chairman of the House consumer affairs and coinage subcommittee said sales of the proposed american Eagle coins could easily top 2 million ounces annually since americans have been buying Between 3 million and 4 million ounces of the Krugerrand. The Canadian Maple Leaf and the mexican Gold peso since 1979. It is not at All unreasonable to expect that a . Gold Coin would easily displace half of the Domestic Market. Americans would rather buy a . Gold Coin rather than a foreign Coin he said. Issuing a Gold Coin was a principal recommendation of the Gold commission a 17-member panel of experts Hal in 1982 looked into the role Gold should play in the .economy. While it rejected the idea that the country should return to a Gold Standard in did support minting of . Gold coins As Long As the coins did not have a fixed Price but were allowed to fluctuate Wilh the value of Gold on the open Market