No. 457
Editorial Note

Negotiations between representatives of the consortium and the Iranian Government began on April 14, and continued to May 18. Detailed documentation pertaining to the course of the negotiations is in file 888.2553, including a file of the minutes of all the formal negotiating sessions, entitled “Notes of Meetings with Negotiators April 14, 1954 to May 18, 1954” (888.2553/4–1454), and another file of the negotiating documents entitled “Documents Relating To Negotiations With Iran April 14, 1954 to May 18, 1954”. (888.2553/4–1454)

Extensive negotiations also took place during this period on the question of use of sterling as a basis for the oil consortium’s operations and the attendant problem of sterling convertability. Documentation is in file 888.2553.