OCR Text |
Show Colombian Pact Held Up by Country's Action WASHINGTON. Aug. S A presl- j dential decree issued by the Colora bian government lasi June lo rlci lar-I lar-I ing the petroleum lands of Colombia to be "the property of the nation' was. , laid before the senate foreign rela-! I lions' committee today and resulted in Indefinite postponement of the committee com-mittee approval of the Colombian treaty. trea-ty. Under the decree a copy of which was senl to the committee by thi Btate department, vasl oil holdings In Colombia would be threatened withj confiscation, member.-) of the commit-i j tee said. The close:-! government supervision j in all oil operations Is p qulrl under a complicated licensing system |