Such a settlement would be achieved by a long term contract definitely establishing a labour tax related to obligations of foreign management which would operate for its own profit and would provide the necessary capital for future development of Mexican oil resources.
On this basis, the properties would pass entirely to Mexican control, ownership and management, Mexico would be relieved from claims of the companies whose properties it had expropriated, world markets would'again be open to Mexican oil and there would be ample foreign capital with which to finance further development of oil lands.
The United Pre: understand that this ment of the controversy has satisfied President Roosevelt, the State Department and was well received by General Lazaro Cardenas, Pı dent of Mexico.-United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.