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-4- -
would be necessary that the advance was in the interest of
saving Iran and that the resunption of the availability of
ofl from Iran contributed to the military defense of our-
selves and our NATO partners.
In the event the British decide that ATOC should resume
the responsibility, after a settlement, for marketing the
bulk of the Iranian oil, the second decision with respect
to Section 703(a and (b) of the Defense Production Act
of 1950 would not arise. If, however, they were to decide
in favor either of a consortium including AIOC and American
oll companies or one or more U.S. companies alone assuming
the responsibility for marketing Iranian oil there would
arise & serious question with respect to the present anti-
trust action by the Department of Justice involving AIOC
and the U.S. majors. Section 708(a) and (b) of the Defense
Production Act of 1950, as amended, authorized the Prosident
TRUBAR
to consult with representatives of industry, business and
ARCANCE INATIONAL
RECORDS
service
others with a view to encouraging the making by such per-
sons, with the Precident's approval, of voluntary agreements
and programs to further the objectives of the Act. These
purposes include the development and maintenance of whatever
military and economic strength is found to be necessary to
support collective action through the United Nations in order
to carry out the policy of the United States to promote peace
by ensuring the peaceful settlement of differences anong
TOP SECRET
nations.
INFORMATION
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Context sent to Scholar
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"ocrText": "I\n-4- -\nwould be necessary that the advance was in the interest of\nsaving Iran and that the resunption of the availability of\nofl from Iran contributed to the military defense of our-\nselves and our NATO partners.\nIn the event the British decide that ATOC should resume\nthe responsibility, after a settlement, for marketing the\nbulk of the Iranian oil, the second decision with respect\nto Section 703(a and (b) of the Defense Production Act\nof 1950 would not arise. If, however, they were to decide\nin favor either of a consortium including AIOC and American\noll companies or one or more U.S. companies alone assuming\nthe responsibility for marketing Iranian oil there would\narise & serious question with respect to the present anti-\ntrust action by the Department of Justice involving AIOC\nand the U.S. majors. Section 708(a) and (b) of the Defense\nProduction Act of 1950, as amended, authorized the Prosident\nTRUBAR\nto consult with representatives of industry, business and\nARCANCE INATIONAL\nRECORDS\nservice\nothers with a view to encouraging the making by such per-\nsons, with the Precident's approval, of voluntary agreements\nand programs to further the objectives of the Act. These\npurposes include the development and maintenance of whatever\nmilitary and economic strength is found to be necessary to\nsupport collective action through the United Nations in order\nto carry out the policy of the United States to promote peace\nby ensuring the peaceful settlement of differences anong\nTOP SECRET\nnations.\nINFORMATION"
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