The New York herald., 1921-09-05
AMERICANS TO open
MEXICAN OIL FIELDS
Immediate Resumption in
Tampico District to Follow
Agreement.
EXPORT EMBARGO ENDS
Funds and Stored Petroleum
Freed-Delayed Taxes !.
to Be Paid.
EXPORT EMBARGO ENDS
BY the Associated Press.

MEXICO CITY, Sept. 4.-Immediate
resumption OF oil operations in the
Tampico region by American petrol
cum companies, and the payment OF
postponed taxes. with the lifting of the
Mexican Governments embargo upon
the companies funds and oil in stor-
age, will result from. the agreement
reached by Government officials and
the heads of five American oil con-
Germs which were reported last night.
There will be an immediate movement
of oil from Mexico. and after minor
details have been adjusted a settle
ment will be reached of all the great
petroleum problems which have vexed
the Mexican Government and Ameri-
can development companies for years.
The agreement reached in the con-
ferences which terminated late Satur-
day night has the complete sanction
of President Oregon, who has de-
scribed 1t as a happy and satisfactory
solution to all concerned" The Amer
lean oil men who participated in the
conferences asserted they were con-
tented with the results obtained and
were prepared to leave here immedi-
ately for the United States.
Conferences between the Mexican
Government and Ave great American oil
companies looking toward an adjust
ment OF problems growing out OF recent
DEGREES regarding the export of oil from
Mexico have been terminated" said a
formal statement given out early this
morning by Adolfq de la Huerta, Secre-
tary of the Treasury. The result OF
these conferences has been satisfactory,
without damaging the interests of the
Mexican nation or the international poll
Icy Of Mexico and decision favorable
TO both parties has been reached.
1T has been agreed that In new regu-
lations on charges for export taxation
of oil created by the decree OF June Z
last 1t will be arranged that payments
may be made up to December 81 next.
Payment OF these taxes will be made
every three months, and not monthly. as
was established by the decree. There
still remain few points in detail to be
discussed. but which the oil companies
have agreed to accept after studying
certain information and data after. their
representatives have arrived In New
York city. When they have done this
the full details agreed upon will be def
nitely arranged.
1.-THE decree OF May - of last year
did not suffer any modification and the
payment of taxes due in accordance with
that decree will be made by the COM
panies represented In the conference on
Monday of next week, when they viii
renew operations. can also afrrm
without false modesty that the satisfac-
tory result arrived at was in accord
ance with instructions received from the
President, to which 7 added my approval
during the conferences"
The statements OF President obregon.
Senior dc la Huerta and the oil men
failed TO give details of the tax agree
rent other than that new arrangements
for payment had been made. Ii is un-
derstood here. however. that the ad va
loren basis fixed with the Mexican de-
cree of June Z Is abrogated.
Senior de la Huerta's early morning
statement that a satisfactory agreement
had been reached was supplemented
later by President Obregon. who said:
Il believe the arrangements that have
been made will be highly advantageous
70 our country. They show the good will
which has animated both sides through
out the conference IN an effort to resolve
the difficulties that have arisen on the
oil question.
The presidents Of the oil companies
were here to bid me farewell. and I am
under the impression that they go away
satisfied with the results that have been
attained