821.6363/554: Telegram

The Minister in Colombia (Caffery) to the Secretary of State

189. Legation’s 130, October 18, 11 a.m., first sentence, second paragraph. Controversy over royalty which has been going on over two years settled yesterday by Government’s accepting amount offered by the company as full price of crude petroleum royalty without [with?] the following proviso, however: “But as the Government is not in agreement with the company as to the interpretation of clause 5 it expressly reserves the right to submit protocol to the judicial authorities”; and both parties agree that if the Government submits the matter to the courts they will abide by the decision.

Caffery