4 DECEMBER 1926, Page 2

It is no doubt unjust that concessions which were sold

as freehold 'property should now bd converted into tenancies lasting for fifty years, but it is said that in practice most of the oil concessionaires find that a period of fifty years is quite long enough to exhaust the possi- bilities of a concession. Many British are said to be quietly accepting the change. If the American interests take the same view after consideration there will not be much prospect of the State Department carrying its threats against Mexico to the danger point.

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