May 12, 1969

BONN, May 11 -- Senior aides of Chancellor Kurt Georg Kiesinger report that he has intentionally chosen a "nationalist, conservative policy" on all major domestic and international issues this spring as the guiding principle of his strategy for winning the election of Sept. 28.

Mayor Lindsay says 5-block sec of Nassau St in Lower Manhattan will be turned into pedestrian mall, 11 AM-2 PM, Mon-Friday, in 3-mo test; says move will serve as safety measure for increased crowds resulting from large-scale office bldg in area; notes nearly 9,000 pedestrians an hr jam 5-block sec, Spruce St-Maiden Lane; map

article on Cong inaction; ways in which members keep busy noted

Nixon confs with Rockefeller, Key Biscayne, before latter leaves for Mex; illus; lauds Rockefeller for undertaking trips, stresses basic assignment is not to study problems but to listen to Latin-Amer leaders; Rockefeller denies contacts will be ltd only to pol and indus establishment, says advisers will sec people at all levels; explains absence of govt officials in entourage is aimed at encouraging candid exch of views

central bankers meet, hear Kiesinger message categorically stating Ger decision to maintain mark parity will not be changed; announce immediate action to recycle 'hot money' out of W Ger, communique; sources see move costly to speculators; bankers remain silent on precise mechanics of plan; Bank for Internall Settlements (BIS) will support and act as intermediary in recycling; BIS role seen important because debtor incurs obligation to internatl orgn and because debt is in neutral currency that will place any exch loss on mark in event of revaluation