740.00112A European War 1939/24864

The Chargé in Mexico ( Bursley ) to the Secretary of State

No. 6930

Sir: I have the honor to refer to the Embassy’s Despatch No. 2045 of June 13, 1942, which was accompanied by the text of the Mexican decree, which relates to the subject of trading with the enemy, the Regulations pertaining thereto and the English translations thereof.12

The Embassy has ascertained that the Board of Administration and Vigilance which, under the promulgated Regulations, is the body authorized and empowered to administer the intervented properties, has initiated action for the disposal of certain of the seized concerns.

The findings of an investigation undertaken by the Embassy are furnished for the Department’s general information and also as a matter of possible particular interest since it is conceivable that persons who are interested in acquiring these concerns from the Mexican Government, may seek to finance their purchases or their subsequent operations through the introduction and utilization of American capital.

El Nuevo Japón, S. A., was the first of such seized firms to be offered for sale. In the issue of the Mexican official publication, Diario Oficial, of December 8, 1942, a notice appeared inviting interested persons to present bids for the purchase at public auction of the intervened [Page 479] concern. El Nuevo Japón, S. A., which notice contained detailed information relating to the time, place, terms, and conditions of the proposed sale. The Spanish text and an English translation thereof are attached hereto as enclosures.13

Advertisements of the sale of several other seized concerns have since appeared in the Diario Oficial. Attached hereto as an enclosure is a tabulation containing the names of, and brief information concerning each of such concerns.13 The wording of the published Notices is substantially the same for each case except, necessarily, in respect of names, dates, terms of sale et cetera.

The Embassy will continue to gather and assemble data respecting additional seized businesses which may be offered for sale in the future and will submit periodic reports thereof to the Department.

Respectfully yours,

For the Chargé d’Affaires a. i.
Charles A. Bay

Commercial Attaché
  1. None printed.
  2. Enclosures not printed.
  3. Enclosures not printed.