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United States Department of State / Foreign relations of the United States diplomatic papers, 1937. The British Commonwealth, Europe, Near East and Africa

Germany,   pp. 319-405 PDF (32.6 MB)

Page 347

Department. It seemed, therefore, that the matter should be placed
before these officials by representatives of the American oil companies
in Washington. Mr. Archdeacon showed full understanding of these
circumstances and said that the oil companies would approach the
Treasury Department probably during the month of January. He
expressed the view, however, that it might be helpful if the appropriate
authorities in Washington were informed through the Department
of State of the background of the proposed plan for oil barter and
were familiar with the position of the German Government in this
  With this purpose in mind, Mr. Archdeacon arranged a luncheon
several weeks ago at which in addition to the Counselor of Embassy
and one of the secretaries, the following were present:
    Director Brinkmann, of the Reichsbank.
    Ministerialrat Dr. Landwehr, of the Reichsstelle fur Devisen-
        bewirtschaftung within the Ministry of Economics.
    Dr. Davidsen, of the Commercial-Political Section of the For-
        eign Office.
    Herr Raab, Head of the Control Board for Mineral Oil (Mineral-
        ol uberwachungsstelle).
    Director Engelbrecht and Herr- von Puttkammer, of the
        Deutsche Vacuum Oel A. G., Hamburg.
    Director Spangenberg, of the Deutsch-Amerikanische Petroleum
        Gesellschaft, Hamburg.
    Mr. Frysinger, of the Atlantic Refining Company of Germany
        G. m. b. H., Hamburg.
    Director Rohdewald, of the Reichs-Kredit-Gesellschaft, Berlin.
  The main points touched upon during the course of the discussion
between the guests at the luncheon are embodied in the different en-
closures to this despatch. It is of interest to note, however, that in
contrast to the more optimistic outlook voiced by the oil companies'
representatives, the German officials seemed to be of the opinion that
by far the major proportion of exports to be made against oil would
consist of products for the own requirements of the oil companies-
such as drums, special types of machinery, etc.-which it appear have
been imported regularly by the oil companies in the past and which
are said to represent considerable business. They were quite candid,
however, in indicating their impression that under present conditions
the American market was not ready to absorb German goods to any
appreciable extent beyond the current level of exports. They never-
theless expressed approval of the proposed oil barter arrangement
as the only method by which imports of American oil could be main-
tained at all.
  In general, those present seemed confident that the arrangement
under consideration would not conflict with the Treasury Depart-
ment's ruling. At the same time, the German officials were explicit

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