U.S. Envoy Says Sudden Action Unexpected Mexico City, Mar. 21.
Determined fight against the decision of the Mexican Government to expropriate British and American oil properties in the country is foreshadowed by the many conferences now in progress to devise concerted action.
Following a long talk on the subject between the American Ambassador and the British Minister, reports are current that the two countries are about to take parallel action.
The Mexican Government, meanwhile, has appointed an administra-live commission of seven to manage the petroleum industry following the expropriation of foreign oil companies. Two members are drawn from the Treasury Department, two from the Department of National Economy, and three from syndicates of oil workers.
In a statement issued last evening, the managers of the Mexican Eagle Oil Company deny the allegations made by General Lazaro Cardenas, President of Mexico, against foreign oil concerns.
The company, the statement says. has never adopted or encouraged such methods as supplying money, arms and ammunition to assist rebellions in Mexico, as alleged by the President in his broadcast. The company's sole occupation, it adds, has been to develop its properties for the maximum benefit of the nation, employees and shareholders.—Reuter.
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