611.3131/160: Telegram
The Minister in Venezuela (Nicholson) to the Secretary of State
[Received 1:35 p.m.]
109. My despatch No. 882, November 24. The representative of the Ministry of Finance informed me yesterday that the cabinet had decided to request no concession on petroleum as it believed the United States would ask in return therefor concessions on American products corresponding in value to Venezuelan petroleum exports to the United States. The Venezuelan Government will not consider bargaining on this basis. If the Department wishes to reassure the Venezuelan Government on this point it is possible that petroleum may be added to the list.
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