811.6363/51: Telegram
The Secretary of State to the Minister in the Netherlands (Phillips)
27. Legation’s no. 46 of April 19, noon, and no. 49 of April 25, 6 p.m.49 An amendment to the Philippine petroleum law was recently passed by the Philippine Legislature. The amendment provides that 61 percent of the stock of a leasing company must be [Page 551] held by citizens either of the Philippine Islands or of the United States. This measure is not in accord with the provisions for reciprocity contained in the United States general leasing law of February 25, 1920. You are authorized to state positively that the American Government will take steps to secure from the Philippine Legislature at its October session the passage of a law which will be in conformity with the reciprocity provisions of the general leasing law of the United States.