International records / Foreign Relations of the United States

300. Telegram From the Department of State to the Embassy in Peru

hardson and de la Puente agreed on need to establish international authority capable of working with large corporations, which have the needed technology and can raise the needed capital. Would corporations’ participation be on turn-key basis or, as Nigeria had proposed, in joint ventures with coastal state enterprises? Noted that in absence of treaty or in anticipation of one, U.S. Congress might pass unilateral legislation. Financing of authority also an unresolved problem, even with U.S. putting up 20 percent. 9. OAS —Brief exchange held on need for reform of charter and difference in U.S.-…