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Majesty's Government in order to ensure this preliminary agreement being replaced by a more definite undertaking on the part of the Chinese Government. They will, therefore, no doubt be prepared as far as possible to meet the views of His Majesty's Government and these views I am now to recapitulate.
4. (a) It will be an essential condition of any agreement that may be entered into between the Hong Kong Government and the Corporation that any Company entrusted with the construction or working of the line or of any part of it, shall have a British domicile and British Directors.
(b) In view of the long time that has elapsed since the Corporation made their original agreement with the Chinese Government and of the desirability of avoiding any further delay in carrying out this important work, it will be necessary for the agreement with the Hong Kong Government to contain a clause