871.6363/165: Telegram

The Minister in Rumania (Jay) to the Secretary of State

[Paraphrase]

21. I will mail new draft of mining bill June 8. I have consulted with representatives of Standard Oil Company and find that the only fundamental changes are that the time for nationalization is extended from five to ten years and that pipe lines taken are to be paid for.

Yesterday my British colleague made a written protest. The Belgian, Dutch and French representatives are to make written protest tomorrow. I plan to make an additional and detailed protest on the basis of your telegram 16 of May 319 and conferences with representatives of American oil interests here.

Jay
  1. Not printed; it contained the following instructions (paraphrased): “Should it become necessary before receiving further instructions to make another written protest, you should call attention to objectionable and confiscatory clauses, certain of which are mentioned above, but refrain from offering written suggestions as to modifications.” (File no. 871.6363/164.)