Show I AFTER VEN VENEZUELA ZUELA OIL CONCESSIONS Caracas Ven Venezuela uela Juno Jun o 3 Much 3 Much uch interest Inters is 1 being baing evinced hero here at present pres- pres pros pres ont eat In petroleum concas concessions lons In Vene Veno- zuela suela Representatives of or the tho Standard Stand Stand- ned ard nr Oil 01 COlP company Gulf Gult ReIning Refining Refining- company company com corn pany pany Sun Oil 01 company Oil 01 Refining Refining- company company Fuel Fol com company and nd ad the British controlled Oil 01 Fields Ltd Ltd Leonard Lonar Exploration and TrInidadian companies are now in Iti Caracas There is 18 active competition for tor new concessions and many of or these are are before buforo Congress for consideration Tho governments government's pro proceedings to forfeit for tor- felt feit the concessions of ot British companies holding holdInG oil oU concessions on nearly acres In the states tate of ot Zulla Zulia and ond nd Falcon for tor which they thoy are paying paYing the government Co less fOO annually Suit haa hu already been begun in tle court cour against the Colon Development lt company Ltd which holds a a year fifty yea concession on the entire en on- tire Ure Colon district of or the state of ot Zulia Zulla or about about acres The Tb government is seeking annulment annul annul- mont ment of ot th the concession on tho the ground gound I that but 2000 acres acre have been occupied in the thirteen years cars tho concession has been in force torce with nothing in op op- op oration Tho government go also aeo alleges s that tho the company has ha not complied compiled Its Hs contract obligation to pa pay the g o 16 cents centI an acre aro on lands maLls of or the concession The company is II controlled controlled con con- trolled by tho the Royal Dutch and Shell Shel Interests |