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Sales Of South African Gold NZPA—Copyright LONDON, May 5. The Associated Press correspondent at Cape Town says the Finance Minister,, Mr N. C. Havenga. warned the 47-nation International Monetary Fund today that South Africa reserved the right to sell its gold at the best prices obtainable on the world’s free market. Mr Havenga declared in Parliament that the United States was the most outstanding example of countries that conformed with the policy of the fund “ when it suited their convenience.” Mr Havenga, in a strong statement, was expressing the Nationalist Government’s dissatisfaction with the report of the Executive Board of the fund. The board on May 3 had recommended the rejection of South African proposals to boost the world's gold price and to allow producing countries to sell half their output at the best available market prices.
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Otago Daily Times, Issue 27385, 10 May 1950, Page 5
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140BEST MARKET PRICE Otago Daily Times, Issue 27385, 10 May 1950, Page 5
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