Mexico City, Mar. 19.
General Cardenas, President of Mexico, has announced a plan for ihe settlement of the oil dispute. which, he said, was based on a proposal made by Mr. Donald Richberz. representing the Standard O: l Corporation.
The President that the plan provided for ce-operation between the Mexican Government a companies, the latter contribute amount of indemnity c any new capital to be inves! the valuations of the properties seized had been completed, the percentages of profits to be distributed would be worked out.
General Cardenas declared that the ce-operation plan and the fixing of percentages would be settled by ex perts "once the companies accept the principles and bases proposed by the Mexican Government" It is reliably learned that the expropriated interests join issue with the President statement, insisting that a settlement is only possible if th" companies retain the entire management.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.