File No. 812.63/481

Ambassador Fletcher to the Secretary of State


351. In interview with President this morning I informed him that American oil and mining interests were concerned with regard to the attitude of the Mexican Government with reference to the so-called nationalization of these industries. In reply he assured me that they need not be; that it was not the intention of the Mexican Government to take over properties now in exploitation and distinctly stated that there would be no confiscation of these properties.