The Minister in Panama (Price) to the Acting Secretary of State
[Received June 3.]
Sir: I have the honor to refer to Legation’s despatch No. 1348 of April 1 , 1917, and Department’s telegram of March 24th, 2 p.m., 1919, regarding the desire of the Sinclair Panama Oil Corporation to extend the time allowed them in their contract for the work of exploration to determine the portions of land which the company does not desire to exploit, and to report that according to a decree of May 12, 1919, an extension of one year has been granted. Mr. C. F. Elder is on the ground representing this concern and I also spoke to the Sub-Secretary of the Treasury in their behalf. I have also had several interviews with Mr. Elder who now expresses himself as perfectly satisfied. With reference to this subject, there are enclosed herewith two clippings from the Star and Herald, (enclosures Nos. 1 and 2),22 one of May 9th boosting Panama’s petroleum possibilities, and one of May 13th giving the above-mentioned decree.
I have [etc.]
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