One of the reasons Albert Rene gave for organising the coup d’etat in 1977 and continued to form part of the SPPF propaganda ever since, has been that the economy of Seychelles was in shambles. Today we publish the truth in Rene’s own words that gives the lie to that propaganda. The truth, as it happens, was published by the organ of the SPPF itself, The People, in the form of a speech Rene, as Prime Minister of Seychelles, made to the Legislative Assembly in February 1977.