856d.6363/25: Telegram
The Minister in the Netherlands (Phillips) to the Secretary of State
[Received November 24—1:10 a.m.]
281. My mail despatch number 351 November 10.14
Government bill establishing Netherlands Indian Petroleum Company, for the exploitation of the Djambi oil fields, introduced yesterday into the Second Chamber. It is in fact a contract between the Government of the Netherlands India and the Bataafsche Petroleum Company, each to hold 50 percent of the capital. The direction however of the company to be entrusted to the Bataafsche searcher [sic]. Regarding development of the fields in the Netherlands Indies, the Government reserves the right itself to undertake exploitation of these fields or make similar arrangements with the other companies. Text of bill being forwarded.
- Not printed.↩