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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

Liberia,   pp. 785-857 PDF (27.0 MB)

Page 831

  In telegram No. 24, September 26, 1935, noon, (882.6347 Consoli-
dated African Selections Trust/2) the Department gave the following
  "The Department appreciates the confidence and trust which Bar-
clay holds for this Government as conveyed to you through the Secre-
tary of Treasury. On its part this Government desires to be of assis-
tance to the Liberian Government when it may render such assistance
in all propriety. The present request, however, would appear to come
within this reservation and consequently you should inform Barclay
that officially the Department regrets that it is unable to comply with
his request in this case in so far as making specific comments on the
agreement is concerned.
  "As a personal observation, however, in negotiating the terms of
any concession, it occurs to me that there are several cardinal
considerations which should be kept in mind.
      "1. In order to avoid possible international complications it
    desirable to limit the territory of a concession to specific areas
    which will not overlap the interests of another concession and that
    -these areas should be restricted in themselves to a moderate size
    in reasonable proportion to the area of the country.
      "2. The minerals to be extracted should also be limited to spe-
    cific items and not cover the whole range of a nation's mineral
      "3. The financial responsibility of the firm or organization to
    whom the concession is granted should receive particular exami-
    nation and the very limit of financial return obtained in the terms
    to the government granting the concession."]
    The Mini8ter in Liberia (Walton) to the Secretary of State
No. 83                                MONROviA, February 1, 1937.
                                              [Received March 8.]
  SIR: I have the honor to refer to my telegram No. 47, December 24,
8 a.m. and the Department's telegram No. 33, December 31, 12 noon,
relative to the unofficial, confidential information that the Govern-
ment of Japan and private Dutch interests are separately negotiating
with the Liberian Government for concessions to develop rich iron
deposits near Cape Mount.
  I have carefully noted the Department's suggestion with respect to
me expressing orally in my personal capacity, an opinion, if re-
quested, predicated upon the observations referred to; and I wish to
state no comment has been made owing to President Barclay's ab-
sence from Monrovia. Negotiations are only in the preliminary
stages, and the decision of the President will be the determining fac-
tor as to their consummation or non-consummation.

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