800.6363/440: Telegram

The Ambassador in Brazil (Caffery) to the Secretary of State

1241. Department’s circular telegram of August 30, 5 p.m. An oil pool of the most important American and British companies has been operating here since June 23 with the full knowledge and support of the National Petroleum Council of the Brazilian Government. The president of the National Petroleum Council told the representatives of the oil pool today that he would co-operate with them in accordance with the Department’s plan. However, in view of the close relationship now existing it feels it is not necessary for the Government officially to appoint a member to the board.