822.6341 South American Development Co./33: Telegram
The Chargé in Ecuador ( Gade ) to the Secretary of State
[Received 7:35 p.m.]
5. With reference to despatch No. 616, January 13 from Consul General at Guayaquil. Ten-day period accorded South American Development Company to accept revision of its contract expires on January 21. The Supreme Chief threatens to send troops to take possession of the properties of this company as well as those of the Anglo-Ecuadoran oil fields if those companies refuse to accept the Government’s proposals.
From his remarks General Enriquez seems fully determined to force concessions from foreign companies which he accuses of profiteering in order to divert attention from the weakness of his Government. The British Minister has requested instructions regarding action in behalf of the Anglo-Ecuadoran oil fields from his Government. I will take up the question of the pension decree with the Acting Foreign Minister as soon as possible. Does the Department wish me to make representations regarding this matter at the same time?
According to today’s press General Enriquez has asked the Attorney General to take up the question of the revision of the contracts with the All American Cables and the Compania Bananera del Ecuador.