The Archive · 1938

Mexican Oil Firms Lose Judgment

Foreign Companies to Find £2,000,000 Under Award Mexico City, Mar. 1 The Supreme Court to-day refused an injunction to foreign oil companies against an award by an arbitration board by which the sum nearly 2,000,000, is taken from them in the annual increase in wages and other expenses arising from the general strike last My.

It is indicated in reliable circles that the companies will wait and see what the Government will do to enforce judgment. In the meantime, it is believed, the companies will take no notice of it.

A statement issued by the affected companies regrets the refusal to grant the injunction, "which cannot but have serious consequences for the ci panies, and those employees 1s pendent on the industry."—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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