section_path: Early history (1941–1952)/Devaluation and the People's Committee
section_name: Devaluation and the People's Committee
paragraph_text: Devaluation and the People's Committee
  
  On this date, a Saturday, the Governor devalued the British Honduras dollar after previously insisting he would not do so. An ad hoc committee, the People's Committee (PC), was formed in January 1950 and began to speak out against this unwelcome act in particular and colonialism in general. Such members as Price and Smith in street corner meetings and Goldson and Richardson behind the printing press of the sympathetic daily the Belize Billboard, pressed the issue and sought the support of the Belizean people. A wave of anti-British and anti-colonial sentiment struck British Honduras (or Belize as the PC called it for the first time) that had never before been seen, not even in the 1930s at the height of Belize's Labour Movement. The PC found that almost overnight it had become the salvation of the people.