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Show PROPOSED MEXICAN 6-YEAR PLAN WOULD NATIONALIZE OIL INDUSTRY with the proviso that concessions had Jiot been of vicious origin, or expired, laws should prescribe that compensation never should be more than the amount not yet regained re-gained front the Just investments which may have been made." Following the expropriation of oil properties owned by United States Interests, the United States government Informed. Mexico It expected prompt compensation. Subsequent negotiations between representatives of the Mexican government and the oil companies have failed to yield an agreement. In the presidential race as Independent Inde-pendent candidates are General Juan Andreu Almazan, former commander of the military zone In Nuevo Leon state, and General Rafael Sanchez Tapia, former secretary sec-retary of national economy. President Cardenas, who Is not eligible for reelection, will leave office December 1, 1940. The presidential term Is six years. MEXICO CITY, Nov. 3 UP-Jl eix-yeer plan for Mexico, which Includes a proposal for complete nationalization of the petroleum Industry, today came before the nation's dominent political organ ization, PRM, or the Mexican revolutionary revo-lutionary party, on the second day of Its three-day convention. The six-year plan will be the program to be followed If the candidate can-didate chosen by the convention should be elected the successor to President Lazaro Cardenas In the lection next July. PR Ms candidate probably will be named tomorrow and political circles said it was certain the nom-. lnation would go to 42-year-old General Manuel Avila Camacho, former war minister la the Cardenas Car-denas cabinet. PRM's power at the polls has not been tested seriously for years. The executive board of the party Introduced Ms proposals for the six-year plan before more than 1000 delegates at tha convention last night. 1 One plank la the draft proposed that the petroleum Industry "be totally and completely nationalized." national-ized." When foreign owned oil properties were expropriated, March 18, 1938, some small private properties were not affected. It also said: "In case It Is found absolutely necessary to compensate because of the nationalization, and always |