HISTORICAL EVENTS AT THE TIME UNION BANKNOTES WERE USED - ALAN COBHAM - THE FIRST PERSON TO FLY TO SOUTH AFRICA FROM ENGLAND IN 1926.
South African Flight
Alan Cobham became the first person to fly from England to South Africa and back in his de Havilland D.H. 50J biplane.
He began his epic flight at Stag Lane Aerodrome in Edgware, London on 16 November 1925. The outward journey spanned 94 days and over 8,125 miles when he reached Cape Town, South Africa on 17 February 1926.
On 26 February 1926, he left for London reaching Stag Lane Aerodrome only 16 days later on 13 March 1926. Immediately after landing King George V invited him to Buckingham Palace.
Alan Cobham received the Air Force Cross for this flight.Source: Royal Air force Museum
LANDING IN SOUTH AFRICA
The D.H. 50 had an official escort of aeroplanes from Pretoria to Johannesburg - a signal compliment that took the public fancy.
On February 17, 1926, the D.H. 50 touched down at Wynberg Aerodrome, Capetown, at the scheduled time. The survey for Imperial Airways had been virtually completed, and the flight had demonstrated the advantages of an air route to the Cape.
The return journey, along the same route, was much speedier than the outward trip. Despite dust storms, tropical rain and other hazards, Alan Cobham arrived at Croydon on March 13, 1926, with his machine intact and the engine in perfect condition. This was a great feat but, instead of resting on his laurels, he set out, only three months later, on what has been described as his greatest flight, London to Australia and back.Source: Wonders of World Aviation
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Governor W.H.Clegg
TERM SERVED IN OFFICE: 17 December 1920 – 31 December 1931
Mr Clegg started his career in January 1885 as a clerk at the Craven Bank (which was later taken over by the Bank of Liverpool) in a small town called Nelson, England. In 1886 he joined the service of the Bank of England. In 1895 he was promoted to Assistant of the Auditor and thereafter the positions of First Auditor, Deputy Principal of the Branch Banks Office, Principle of the Branch Banks Office and finally, Chief Accountant.
His appointment with effect from 17 December 1920 as first Governor of the South African Reserve Bank was in accordance with the policy of the Bank of England. He initially encountered a general lack of knowledge on the nature and functions of a central bank in South Africa. In addition there were shortcomings in the Reserve Bank Act, which hampered the work of the Bank. His first years were largely devoted to improving and rectifying this situation. Mr Clegg served two full terms of five years, plus an additional year (at his own request) in order to oversee the building of the Reserve Bank's new Head Office.
Unfortunately for him, this additional year coincided with one of the most traumatic periods in the Bank’s history when Britain's decision in September 1931 to abandon the gold standard, led to the total loss of the South African Reserve Bank's reserves which had been built up carefully over its first ten years of operations. Mr Clegg had no formal training in economics or banking but was sufficiently well respected to be elected President of the Institute of Bankers in South Africa in 1922, a position he held for two years. When the Economic Society of the South Africa (ESSA) was established in 1925, he was elected President of the Society.
On 31 December 1931 he retired as Governor of the South African Reserve Bank and later returned to England. At the beginning of 1932, Mr Clegg was appointed an Executive Director on the Court of Directors of the Bank of England, a position which he occupied until 1937. In 1932 he was also appointed a Lieutenant of the City of London and in 1935 he was awarded the King’s Silver Jubilee Medal.
Source: South African Reserve Bank
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