Mr. Jackson to Mr. Hay.

No. 97. Roumanian series.]

Sir: I have the honor to report that shortly before its adjournment, the Roumanian Parliament passed an act “For the regulation and consolidation of the right to exploit private petroleum lands, etc.” The original bill had been introduced by Mr. Stoicesco, the minister of domain, about the middle of last March. Its object appears to be the controlling of the granting of concessions by private persons to other persons or to corporations, native or foreign, and under it a commission is created to decide as to the admissibility of any proposed concessions. The text of the new law has just been published in the official “Monitorul,” No. 31, of the 9th (22d) instant, in Roumanian. * * *

I have, etc.,

John B. Jackson.