Memorandum of Conversation, by Mr. Willys R. Peck of the Division of Far Eastern Affairs69

Mr. May called Mr. Peck on the telephone from New York and said that his Company had decided to participate directly with the British in the negotiations with the Thai Government for the supply of limited quantities of petroleum products, as offered to the Thai Government in exchange for the assistance of the latter in the obtaining of rubber and tin by the United States and Great Britain.

Under this arrangement the Standard Vacuum Oil Company would let the Shell Company take the lead in the negotiations, but subsequently would make arrangements directly with the Thai Government in regard to the delivery of petroleum products by the American [Page 279] Company, including such details as time of delivery, method of payment, shipping, etc.

Information regarding this decision will be communicated to the British Company today.

  1. Initialed by the Chief of the Division (Hamilton).