821.6363 Barco/428: Telegram

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

[Paraphrase]

5. The purport of your 9, January 26, 6 p.m., was conveyed to the Gulf as well as the question of the minority interests.

Gulf said that Folsom had telegraphed that the Government of Colombia would definitely accept the solution of all points if the company would accept the 6 percent royalty at tidewater, that the company accepts this and will immediately engage in further negotiations with the minority interests in an endeavor to reach a definite settlement.

Stimson