MEXICAN OIL DEAL
TEN MILLION BARRELS PRINCIPALLY FOR GERMANY PART PAYMENT IN GOODS NEW YORK, June 16. (Received June 16, at 10 p.m.) “ The Mexican Government has completed a deal through a New York firm for 10,000,000 barrels of oil, consisting largely of expropriated British and American oil. in the ensuing six months,” says the Mexico City correspondent of the New York Times. “ Sixty per cent, of the payment will be in German materials and machinery, and the remainder in cash. It is understood that no provision has been made to provide amortisation for the expropriated companies out of this deal and that the oil is designed principally for German markets.”
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Otago Daily Times, Issue 23528, 17 June 1938, Page 9
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111MEXICAN OIL DEAL Otago Daily Times, Issue 23528, 17 June 1938, Page 9
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