Memorandum of Conversation with Secretary of State Dean Acheson, Deputy Prime Minister of South Africa N. C. Havenga, Ambassador of South Africa G. P. Jooste, and G. Hayden Raynor

0901 COMMUNITIAL SECURITY INFORMATION DEPARTMENT OF STATE 995 217 Memorandum of Conversation DATE: September 16, 1952 SUBJECT: Courtesy Call of Deputy Prime Minister Havenga PARTICIPANTS: Deputy Prime Minister N. C. Havenga, South Africa Ambassador Jooste, South Africa The Secretary Mr. H. Raynor, Director, BNA COPIES TO: S EUR E BNA FE Embassy Pretoria u. s. SOVERNMENT PRINTING OFFICE 16-61120-1 Deputy Prime Minister Havenga paid a courtesy call on me this afternoon accompanied by Ambassador Jooste. I opened the e onversation by saying that John Snyder told me of his conversations with Mr. Havenga in Mexico City and had also told me of his record of 21 budgets with a surplus. He corrected me by saying he now had 22 budgets with a surplus and he thought this record should entitle him to some rest from public service in his later years. I replied that from what I had heard I thought this was probably doubtful and that probably I would get such a vacation before he would. Price of Gold Mr. Havenga said that with respect to the question of the price of gold he understood why it was not possible to do anything now and that he understood our position. He said he was encouraged, however, by the trend and that he thought eventually his view would be adopted. He referred to the great importance of increasing gold throughout the world as reserves for various currencies. He said in recent years international trade had increased by some 250% and reserves by only 36% GATT DECLASSIFIED E. O. 11652, Sec. 3(E) and 5(D) or (E) Dept. of State letter, Mug. 10-26-24 5,9913 SECURITY IMFORMATION ag NLT- HC. NARS Date 102976