-5-                             
 
 
that the Government is influential in deciding the
operating policy of the Company in as much as the Company
is heavily subsidized by the Government. The most recent
information is that the subsidy is Bs. 160,000 monthly,
aside from governmental appropriations in the nature of
special subsidies.
 
 
Further data is being sought by the Department in
the hope of establishing the real facts concerning the
relationship between the Government and the Company.
 
 
Faithfully yours,
 
 
(signed) S. Welles
 
 
Under Secretary