604. Memorandum From the President’s Assistant for National Security Affairs (Kissinger) to President Nixon1 2

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  • IPC Views on its Problem in Peru

Attached is a brief cable relating the views of IPC and Standard Oil of New Jersey officials on the IPC/Hickenlooper problem in Peru. Their views are interesting, and I thought should be brought to your attention.

These officials stated that:

a prolonged deferral of application of Hickenlooper amendment is highly desirable;
internal pressures will build and force moderation if sufficient time is allowed;
the six months in Hickenlooper is too short for resolution of such a complicated issue, and any deadline is not a useful aspect of the law;
they are concerned about finding grounds for the next deferral if the administrative appeal is rejected; and
they do not want to go to the Peruvian courts; although they could not take the lead in developing a buy-out scheme by other companies, they would listen to proposals put forward by any group.
  1. Source: Library of Congress, Manuscript Division, Kissinger Papers, Box CL 2, Chron File, July 1–21, 1969. Confidential. Sent for information. A stamped notation on the memorandum indicates that the President saw it. Nixon wrote on the memorandum: “K: Be sure Harlow knows this—so that he can cool off Congressional critics of deferral.” The attachment, telegram 103934 to Lima, June 24, has not been found.
  2. Kissinger summarized the views of officials from IPC and Standard Oil of New Jersey on Peru’s expropriation of IPC. They stated that the 6-month time frame of the Hickenlooper Amendment was too short a time period to resolve such a complicated issue and therefore advocated that the application of the Amendment be deferred.