http://www.businessweek.com/ne...ish-territory-status
Bloomberg News
Falklands Vote Overwhelmingly to Retain British Status
People living on the South Atlantic archipelago of the Falkland Islands voted almost unanimously to keep their status as a British territory, rejecting Argentina’s claim to sovereignty.
After two days of balloting, 1,513 people of 1,517 chose to retain the status quo, according to the Falklands Islands Government. Three “No” votes were cast, and one vote was unaccounted for. The turnout was 92 percent.
The Falklands government called the referendum to reinforce its stance that the inhabitants want to stay British in the face of increasing pressure from Argentina, which says the islands were wrongly taken from it in the 19th century. Argentine forces were expelled by U.K. troops after invading in 1982.
“The Falkland islanders couldn’t have spoken more clearly,” Prime Minister David Cameron told reporters in London today. “They want to remain British and that view should be respected by everybody, including by Argentina.”
International observers accompanied five mobile polling stations as they traveled by Land Rover and airplane to collect votes from remote areas on the islands, nearly 8,000 miles (13,000 kilometers) from Britain. The Argentine government has dismissed the referendum as “irrelevant” and rebuffed attempts by the islanders to start negotiations.
Galtieri, Thatcher
The dispute over the ownership of the islands has lasted since their settlement by the French in 1764 and the British in 1766. In 1843, the Argentine leader Juan Manuel de Rosas, looking for a way to settle a 1 million-pound bond from 1824 that had been in default for 15 years, offered to drop claims to sovereignty of the islands if the British government would take over the debt. Britain refused, arguing that it already possessed them.
Argentina, which calls the islands the Malvinas, invaded in 1982 and was forced out after a 74-day conflict in which 255 British and 649 Argentine military personnel died, along with three islanders. The war helped bring down the Argentine military leader, Leopoldo Galtieri, and bolstered the government of Margaret Thatcher in Britain.
The U.K. is prepared to fight to keep the islands British if they are invaded again, Cameron said in January in response to an open letter from Argentine President Cristina Fernandez de Kirchner in which she accused Britain of perpetuating colonialism. There are 1,200 military personnel in the British Falklands garrison, and the U.K. spends around 60 million pounds ($90 million) a year defending them.
Oil Discovery
Rockhopper Exploration Plc (RKH) made an oil discovery at its Sea Lion prospect to the north of the islands in May 2010, which it plans to develop with a $1 billion investment from Premier Oil Plc. (PMO) Borders & Southern Petroleum Plc (BOR) says its find to the southwest of the islands may also be commercial. The archipelago also has 700,000 sheep.
“All countries should accept the results of this referendum and support the Falkland Islanders as they continue to develop their home and their economy,” U.K. Foreign Secretary William Hague said in an e-mailed statement. “We have always been clear that we believe in the rights of the Falklands people to determine their own futures.”
To contact the reporter on this story: Robert Hutton in London at rhutton1@bloomberg.net
To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net