Accusing foreign oil companies of interfering in Mexican national policies and supporting revolutions, General Cardenas to-day said the Government was prepared to sacrifice its public works programme and permit a downward revision of exchange rates if necessary to win its battle with foreign petroleum coni-panies.
The Mexican; President gave blunt assurance thay Mexico would continue to supply the world democracy ies with oil, apparently in denial of reports that Mexico planned to supply only certain powers, including Japan, with petroleum in the future.
"I wish to state," he said, "that our petroleum production will not deviate one whit from the moral solidarity with which our nation maintains the nation's domestic ten-doneies,. Expropriation has been solely designed to remove obstacles set up by groups who themselves would not hesitate to sell Mexican oil to the highest bidder."
Foreign quarters here intimated that' they believed such powers as Germany, Italy and Japan, requiring oil for war purposes, might be granted Mexican facilities, particularly in the event of an embargo against Mexican oil by other powers.
The permanent committee of Congress meanwhile planned to meet here to-night to arrange for a special session of Congress to deal with the oil situation.
Text read from the printed page and cleaned; old type leaves the occasional error.