Page:United States Statutes at Large Volume 58 Part 2.djvu/492

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [58 STAT. It is a pleasure for me to inform Your Excellency that my Govern- ment is in agreement with the terms of the summary given in the note to which I am replying, namely: [Here follows the text of paragraphs 1-5, inclusive, of note of Ante, p.14. September 25, 1943 from the Secretary of State to the Mexican Charge d'Affaires ad interim.] In virtue of what has been set forth, the Government of Mexico considers that Your Excellency's note of the 25th instant, referred to (above) and this reply constitute the agreement referred to in Para- 55 Stat. 1659. graph 16 of the exchange of notes of November 19, 1941. I avail myself of the opportunity to renew to Your Excellency the assurances of my highest and most distinguished consideration. RAFAEL DE LA COLINA, Chargt d'Afaires ad interim. His Excellency CORDELL HULL, Secretary of State of the United States of America. To- FRANKLIN DELANO ROOSEVELT, President of the United States of America. MANUEL AVILA CAMACHO, President of the United Mexican States. SIRS:- 55 State 14. As provided in the exchange of notes dated November 19, 1941, between his Excellency, Cordell Hull, Secretary of State of The United States, and his Excellency Francisco Castillo Ntijera, Mexican Ambassador to the United States, the undersigned were appointed by our respective governments as experts authorized to determine according to "equity and justice" for purposes of indemnification the compensation to be paid the nationals of the United States of America whose properties, rights or interests in the petroleum industry were affected to their detriment by acts of the Government of Mexico subsequent to March 17, 1938, and in respect of which no settlement has heretofore been affected. Expropriation, and the exercise of the right of eminent domain, under the respective Constitutions and Laws of Mexico and the United States, are a recognized feature of the sovereignty of all modern States. We have surveyed the works and lands involved and studied the records of the properties, rights and interests appertaining thereto and have mutually agreed that their value, as of March 18, 1938, should be fixed, in the sum of 23.995.991. -- dollars, covering all elements of tangible and intangible value, allocated as follows:

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