600.127/175: Telegram
The Chargé in Mexico (Summerlin) to the Secretary of State
Mexico, June 8,
1921—11 a.m.
[Received June 9—12:21 a.m.]
[Received June 9—12:21 a.m.]
128. Today’s press publishes executive decree issued yesterday; greatly increased export duties on all grades of crude petroleum and its derivatives; the reasons given for the increase are to prevent excessive production, to protect national reserves and to provide for payment by the petroleum industries of equitable and proportionate [Page 448] amounts into the public treasury for urgent expenses and the renewal of payments on the public debt. The decree becomes effective July 1st.
Summerlin