Representatives of the various foreign oil companies have begun, informal discussions with the Secretary of Industry, Commerce and Labour with a view to reaching an agreement with regard to the enforcement of the petroleum and land laws.
'The Secretary had previously' made q statement that the Government had not applied the laws retroactively and did not intend to do so: besides, the Mexican courts would not sanction this.
Referring to the nine important Jcompanies which have applied for the necessary concessions confirming their rights, the Secretary said that these companies "know our legislation not only does not attack their rights but is favourable to their' interests."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.