Page:United States Statutes at Large Volume 55 Part 2.djvu/685

 55 STAT.] MEXICO-PETROLEUM PROPERTIES-NOV. 19, 1941 13. If, within the period indicated in paragraph 10, the experts cepaatereportsent are unable to reach agreement regarding the amount of just compensation, each one, within an additional period of one month, shall submit to his own Government a separate report specifying the compensations which he considers due. 14. In the event that the two experts fail to agree, and upon the tioDnplomatic negotia- expiration of the period specified in paragraph 13, the two Governments shall, within a period of one month, initiate diplo- matic negotiations with a view to establishing the amount of the compensations to be paid. 15. If, within a period of five months from the date of initiation nmeno;fretrnn fde of diplomatic negotiations, as provided in paragraph 14, the two posit. Governments do not agree upon the amount of compensation to be paid, the present agreement shall be without effect, and there shall be returned to the United Mexican States, at the request of the Government thereof, the amount deposited in accordance with the pertinent stipulation of the following paragraph. 16. The two Governments shall agree upon the manner and tioMnaofTaymendi conditions of payment of the compensation found to be due to the affected United States nationals under either of the two afore- mentioned procedures. Such payment shall, however, be com- pleted within a period of not more than seven years. The Government of Mexico will deliver today, as a deposit, to Mexican deposit. the Government of the United States of America, the sum of $9,000,000 (NINE MILLION DOLLARS), United States currency, which sum shall be applied immediately on account of the com- pensation determined to be due. 17. The Government of the United States will facilitate oilNcoa wit negotiations between the Government of Mexico and represent- atives of such oil companies as may be interested in an agree- ment for the marketing of exports of Mexican petroleum products. 18. Nothing contained in this note shall be regarded as a prncetdent.ard precedent or be invoked by either of the two Governments in the settlement, between them, of any future difficulty, conflict, con- troversy or arbitration. The action herein provided for is con- sidered as singular and exceptional, appropriate solely to this case, and motivated by the character of the problem itself." In reply, I have the honor to confirm the understanding we have reached as set forth in Your Excellency's note under reference. Accept, Excellency, the renewed assurances of my highest consideration. CORDELL HULL His Excellency Sefor Dr. Don FRANCISCO CASTILLO NIJERA, Ambassador of Mexico. 1559

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