company absent-mindedly overlooked paying. . - ~ Besides demanding payment of this back bill, the government has indicated that it is considering declaring illegal a 1921 contract covering 166,000 nectares of oil land in the north of Peru. The government wants a new contract that would give it from sixty to seventy per cent of the pro= fits and from 12.5 to 16,66 per cent of the royalties,
If the oil trust does not meet these demands, the government threatens to nationalize all its holdings in Peru.
OLL