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TOP SECRET
SECURITY
6 -
maximum duration of two or three years. During this period
it would be possible to ask the Congress to review the
legislative situation and, if it deems it to be appropriate,
to pass legislation which would make possible longer term
arrangements. Alternatively, during such a period it
should be possible for independent American oil companies
to construct or charter sufficient tankers to relieve the
major U.S. oil companies of their responsibility at the
expiration of such a time period.
Following a reply by the U.K. Government, which we
expect daily, to our recent proposals, further prompt
action on our part will be contingent upon the President's
agreement to:
A. Authorize the use of $100,000,000 available under
the Defense Production Act of 1950, As Amended,
for the purpose of making an advance against
the purchase of Iranian oil and products.
TROMAN
B. Use his authority under Section 708(a) and (b)
days AND A
of the Defense Production Act of 1950, As
SERVICE"
Amended, to approve a program under which one
or more U.S. major oil companies, either alone
or in cooperation with Anglo-Iranian oil Company,
would purchase and market Iranian oil products.
It is
TEP SECRET
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"ocrText": "TOP SECRET\nSECURITY\n6 -\nmaximum duration of two or three years. During this period\nit would be possible to ask the Congress to review the\nlegislative situation and, if it deems it to be appropriate,\nto pass legislation which would make possible longer term\narrangements. Alternatively, during such a period it\nshould be possible for independent American oil companies\nto construct or charter sufficient tankers to relieve the\nmajor U.S. oil companies of their responsibility at the\nexpiration of such a time period.\nFollowing a reply by the U.K. Government, which we\nexpect daily, to our recent proposals, further prompt\naction on our part will be contingent upon the President's\nagreement to:\nA. Authorize the use of $100,000,000 available under\nthe Defense Production Act of 1950, As Amended,\nfor the purpose of making an advance against\nthe purchase of Iranian oil and products.\nTROMAN\nB. Use his authority under Section 708(a) and (b)\ndays AND A\nof the Defense Production Act of 1950, As\nSERVICE\"\nAmended, to approve a program under which one\nor more U.S. major oil companies, either alone\nor in cooperation with Anglo-Iranian oil Company,\nwould purchase and market Iranian oil products.\nIt is\nTEP SECRET"
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