Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-04-30
u. HOPES
Continued from Page One)

years carried a burden of supplying
sumed by other countries and that the
petroleum resources of no Other Ncoun-
to meet foreign needs as the petrole-
UNI resources of the United States. l
have pointed out that in the future
ample supplies of petroleum have be-
come indispensable to the life and
prosperity of my country as a whole.
because of the fact that the United
States is an Industrial nation in
which distance renders transportation
difficult and agriculture depends
largely on labor saving devices using
petroleum products.
"In these circumstances, my govern
ment finds no alternative than the
adoption of the principle of equally
good opportunity with the proviso
that no foreign capital may operate
in public lands unless it's government
accords similar or like privileges to
American citizens; and Furthermore,
I have submitted that in the light of
the future needs of the United States
such very limited and purely defense
provisions as, the above might be-
come inadequate should the principle
of equality of opportunity not be re-
cognized in foreign countries.
During the month of January.
1921, I again had an opportunity to
discuss the situation with Your Ex-
cellency and on this occasion ad :
vised you that in my interviews with
the minister of the colonies I had
gained the impression that the colon
ial department at least was inclined
to favor the participation of Amer
lean capital in the development of. the
Djambi fields: at the same time adj
vised you of the nature of the reports
which / made to my government in
which I had dwelt upon the favorable
attitude of the colonial department
and furthermore I asked whether the
attitude of the minister of colonies
represented in fact that of Her Ma
jesty's government. You will recol-
lect that on January 31st you were
good enough to advise me that nv
Impressions had been accurately re-
ported to my government and that I
had not exaggerated the favorable at
titude' of the colonial department
which represented that of Your Ex-
cellency's government.
Il have now the honor to inform
your Excellency that I have received
a telegram from the Secretary of
State to the effect that the govern
ment of the United States Is still
mindful of the assurances that have
been given by you and by the minis
ter OF colonies, relative to the favor
able attitude of Her Majesty's gov
eminent towards American participa-
ton in the development of the DIAM
bi fields. While I am not acting on
behalf Of any particular American
company, 1 am glad of this opportune
moment to point out that certain
Definite propositions which have been
made during the last IL months fur
nish sufficient evidence that respon
sible and experienced American in
terests are ready and DESTROYS to CO.
operate with The Netherlands gov
eminent in oil DEVELOPMENT in The
Netherlands Indies.
1T Is perhaps needless to saw that
my government is fully aware of the
laws and regulations in the Indies
which prohibit foreign companies as
such from entering the colonies for
the development of mineral oils. On
the other, hand my government ia
very greatly concerned when It be-
comes apparent that the monopoly
or such far-reaching importance in
the development of oil is about to be
bestowed upon company in which
foreign capital other than American
is so largely interested.
I'm this connection I desire most
earnestly to divert to Your Excel
lency's attention the fact that Amer
lean capital stands ready to assist in
the development Of the Diambi fields
and other oil deposits in The Neither
iands Indies. In conclusion, I yen-
ture to say once more that my sov-
eminent attaches the highest import
ance to the recognition of the prin-
ciples OF the reciprocity and equal
opportunity in the solution of the oil
problems. as well as the extension to
american capital organized under