890g.6363 T 84/48
Memorandum of Negotiations in London between American Oil Interests and the Turkish Petroleum Company 66
Open Door Policy
The first three or four meetings were devoted entirely to a discussion of whether or not a formula could be arrived at to give full effect to our State Department’s views as to the open door policy in Mesopotamia which would be acceptable to the present partners in [Page 341] the T. P. Co., Limited. As a result of these discussions a memorandum was prepared, dated July 21st, copy of which, marked “Exhibit A”, is annexed. This document was in the main drafted by me and discussed prior to its presentation to the partners in the T. P. Co., Limited, with Ambassador Harvey, who rendered me most valuable assistance by his suggestions and advice during my sojourn in London. This document is acceptable to the present partners in the T. P. Co., Limited, and I venture to express the hope that it may also be found acceptable to our State Department.
. . . . . . . . . . . . . .
It was made perfectly clear to the partners in the T. P. Co., Limited, that the acceptance of this memorandum, or some other formula to give effect to the open door policy, must of necessity be obtained prior to any commitment on the part of the American group as to a participation in the T. P. Co., Limited.
- Left with the Department by Mr. Bedford, Aug. 16, 1922.↩