Mexico City, Nov. 13.
"La Prensa" announced today that 5 the Mexican Government and the expropriated oil concerns had reached agreement whereby the administration of Mexican oil would be entrusted to joint companies composed of representatives of the Government and the expropriated concerns. The joint companies would 4 exploit Mexican oil until the indemnities for the expropriation have been paid up.
"La Prensa" added that the agreement was negotiated directly between Senor Eduardo Castilio Najera, the Mexican Ambassador in Washington, and the expropriated concerns through indirect intervention by Secretary of State Cordell HulL—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.