630–3

Conversation No. 630-3

Date: December 6, 1971
Time: 12:07 pm - 12:32 pm
Location: Oval Office

The President met with Stephen B. Bull and John B. Connally; a National Broadcasting
Company [NBC] film crew was present at the beginning of the meeting.

Greetings

Bull left at 12:07 pm.

Romana A. Banuelos' appointment
-United States Treasurer
-Biographic information
-Connally's staff
-Meetings
-Mary T. Brooks
-Position

Group of Ten meeting
-Canadian meeting
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 630-3 (cont.)


-Timing

The President talked with the White House operator at an unknown time between 12:07 pm and
12:18 pm.

[Conversation No. 630-3A]

[See Conversation No. 16-19]

[End of telephone conversation]

Banuelos
-Talk with the President
-Topics for conversation

Group of Ten meeting
-Canada
-Fixed exchange rates
-Balance of payments
-Surplus
-Realignment of currency
-Canada’s relationship with the US
-Interrelationship
-Trade
-Germany
-Deutsche marks
-Amount of trade with France
-Relationship with the US
-Great Britain
-Italy
-Japanese
-Trade
-Realignment of currencies
-Germany
-Switzerland
-Protection of national interests
-US position
-Assumption by Group of Ten
-Gold prices
-President’s instructions
-Arthur F. Burns
 5

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 630-3 (cont.)


-Paul A. Volcker
-Connally
-Attendance
-Congress
-US position
-Protection of US interests
-Trade issues
-Discussions
-Duration
-William D. Eberle
-Negotiations with the European communities
-Columnists
-US participation

The President and Connally talked with Romana A. Banuelos between 12:18 pm and 12:19 pm.

[Conversation No. 630-3B]

[See Conversation No. 16-20]

[End of telephone conversation]

Group of Ten meeting
-Position paper
-Canadians

Bull entered at an unknown time after 12:19 pm.

Connally's position paper
-Delivery by bull

Bull left at an unknown time before 12:23 pm.

Group of ten meeting
-Negotiations
-Multinational solution
-Connally’s view
-Great Britain
-Currency floating
-Foreign trade
-Percentage
 6

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 630-3 (cont.)


-Bilateral basis
-Gold prices
-Bargaining position with European community
-Japan
-Participation
-Canada
-US position
-Realignment
-Percentage
-Canada
-Japan
-Structure
-Canada
-Bilateral basis
-Trade issue
-Automobile agreement
-Multilateral solution
-Japan
-European community
-US position
-US and Canada
-Trade
-Currency floating
-Possible solutions
-Fixed exchange rate
-Canadian-US dollars
-Revaluation

Kissinger entered at 12:23 pm.

Washington Post
-Katherine L. Graham article on Connally

India-Pakistan situation
-Announcement of aid cut-off
-State Department
-Law cited
-Underdeveloped countries
-Helicopters

Group of Ten meeting
 7

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 630-3 (cont.)


-Burden sharing
-North Atlantic Treaty Organization (NATO)
-Canada
-Netherlands foreign minister
-Joseph M. Luns [?]
-Connally
-Pierre E. Trudeau
-Possible methods on dealing with Trudeau
-Multinational settlement
-Currency floating
-Revaluation
-Percentage
-Possible scenarios
-Trade
-Automobile agreements
-Tourist business
-Trade minister
-Unknown Canadian [?]
-Maurice H. Stans
-Bilateral agreement
-Options

Campaign check off issue
-President’s instructions
-Gerald R. Ford and Wilbur D. Mills
-Calls from Connally
-William E. Timmons
-Strategy

President’s schedule
-Meeting
-Connally and Kissinger
-Timing
-India-Pakistan situation
-US aid to India
-Amount
-Pakistan
-Independent state
-Recognition

Connally and Kissinger left at 12:32 pm.
 8

NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 10/06)
Conv. No. 630-3 (cont.)