PLANNING & DEVELOPMENT 26 DEC 1972 MINING DIVISION UTAH INTERNATIONAL INC.
EMBASSY OF THE UNITED STATES OF AMERICA
Mexico D.F.
December 21, 1972
Mr. Weston Bourret
Vice President
UTAH INTERNATIONAL INC.
550 California Street
San Francisco, California 94104
Dear Mr. Bourret:
Ambassador McBride has asked me to reply to your letter of December 8 concerning his speech on October 12 in Acapulco, and the official Government of Mexico statement released subsequently.
In this regard, I am pleased to transmit to you herewith a copy of the Ambassador's speech, and the statement made on October 14 by Undersecretary of Commerce and Industry Lic. Jose Campillo Sainz.
Sincerely, Clint E Smith
Clint E. Smith Economic Officer Enclosures: as stated
Mr. Clint E Smith, economic Advisor
Dear Mr. Smith Thank you kindly for the copy of ambassader McBrides speech in Acapulco last October. The official Mexican government reply and statement of Oct 14 (undersecretary Jose Sainz) has proved most helpful in evaluating reception of companies interested in mining. The track record for mineral expansion and major mining investments is really poor. Lic. Sainz' speech is obviously not designed to encourage or attract investment - except on Mexico's terms.
Thank you for your help.
5 January 1973
Mr. Clint E. Smith
Economic Officer
Embassy of the United States
of America Mexico City, Mexico D.F.
Dear Mr. Smith:
Thank you kindly for the copy of Ambassador McBride's speech given in Acapulco last October. The official Mexican government reply and statement of October 14 (Undersecretary, Jose Sainz) has proved most helpful in evaluating reception of companies interested in mining.
The track record for mineral expansion and major mining investments is really poor. Lic. Sainz' speech is obviously not designed to encourage or attract investment - except on Mexico's terms.
Thank you for your help.
Yours very truly,
Weston Bourret Vice President
WB/nam
