§ 27. Captain Peart
asked the Secretary of State for Foreign Affairs if any agreement has yet been reached with the Mexican Government on the valuation of 13 petroleum and industrial properties in Mexico; and whether he will make a statement with regard to it.
An agreement was signed on 7th February between His Majesty's Government and the Mexican Government, providing for the appointment of experts to value certain petroleum industrial properties in Mexico in order to determine the compensation to be paid to British subjects affected by acts of expropriation subsequent to 17th March, 1938, by the Mexican Government. Within a month of the receipt of the experts' report, which must be made by the end of one year from the date of the agreement, the two Governments are to initiate diplomatic negotiations with a view to fixing the sum to be paid and the methods and time limit for payment. This agreement follows closely the lines of the agreement reached between the United States Government and the Mexican Government, which was concluded in November, 1941.