812.6363/8–548: Telegram

The Secretary of State to the Ambassador in Mexico ( Thurston )


798. Dept officers will inform Wolverton Committee members tomorrow on confidential basis present Dept policy of no US public loans to Pemex for purpose financing petroleum exploration or development. No reference will be made to Presidential Directive1 as such, therefore unnecessary you discuss Directive or initiate discussion of policy with Committee.

  1. The White House policy against U.S. Government loans for commercial development of the Mexican petroleum industry was established by President Roosevelt on December 19, 1944 and reaffirmed by President Truman on October 13, 1945; see Foreign Relations, 1944, vol. vii, p. 1358, and 1945, vol. ix, p. 1161, footnote 70.