800.6363/463: Telegram
The Secretary of State to the Ambassador in Brazil (Caffery)
918. The following telegram has been received from the Embassy in Montevideo:
[Here follows text of telegram No. 418, October 2, 2 p.m., printed above.]
The following countries have approved the oil pool plan and are setting up committees: Chile, Honduras,13 Guatemala, and El Salvador.13 It is being studied in the following countries: Cuba, Costa [Page 181] Rica, and Bolivia. Venezuela, Mexico, Colombia, and Peru are exporters of oil and consequently are not vitally concerned with the major aspects of the oil pool plan, although the first two have officially replied.
It is suggested that the Brazilian Government study the proposal presented by the Department and indicate if the principles involved are acceptable. It is also believed desirable that the Brazilian Government should formally participate in the National Oil Pool Committee, rather than merely indicate that it is satisfied with the present informal arrangement.
The general question of the oil pool plan will be taken up next week with a Subcommittee of the Inter-American Financial and Economic Advisory Committee, and it is hoped that at this meeting all problems connected with the plan will be clearly answered.