Acting Secretary of the Interior Hatfield Chilson today announced the receipt of cashier's checks in the amount of $40,000 from S. W. Barton, president of Colorado River Enterprises, Inc., representing payment of advance rental on two tracts involved in the corporation's 25-year lease on 67,000 acres of the Colorado River Indian Reservation in Arizona.
The checks were accompanied by a letter from Mr. Barton requesting a 90-day extension of time for the posting of a $5,000,000 performance bond which is required for effectuation of the lease. The lease, which was signed August 13, provided for posting of this bond within 30 days.
Mr. Chilson stated that no decision had yet been made on the request for an extension of time, and before a decision is made the Department of Justice, to which the matter was referred, will be consulted.
