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GAMITIN À 19:30 10min nokdateqre? ads to
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but the Corporation was prepared to meet the reasonable wishes of the Chinese Government wherever possible without affecting the essential conditions of the agreement.
(At this point H.E. Na-tung withdrew).
803
H.E. Tang Shao-Yi in opening the proceedings drew attention to the words "British Kowloon" in the preliminary agreement, which in his opinion were misleading, the term being applicable only to the city of Kowloon and not to the leased territory. It was understood and agreed that the Corporation's loan and construction apply only to the Chinese section of the railway i.e. from Canton City to the border of the leased territory,
After some general discussion as to the basis and method of negotiation, H.E. T'ang suggested that the Canton Viceroy's proposals, handed to Mr. Bland on the 9th April last, should be discussed seriatim, which was agreed to.
H.E. however observed that these proposals would require modification in several particulars to make them acceptable to the Chinese Government. The railway was a Chinese Government line, the Imperial Government would guarantee the interest, and the Imperial sanction was therefore necessary for any agreement made in respect thereof. Mr. Bland thought that H.E. the Viceroy's proposals had been authorised by the Government, and in regard thereto, generally speaking, the Corporation was prepared to come to an agreement, but if further modifications of the Man-king Loan terms were required, the matter might involve serious difficulties.
Turning to the conditions proposed by H.E. the Viceroy of Canton it was understood and recorded
Clause 1. That the loan should be an Imperial Chinese Government loan with bonds issued in London and interest guaranteed by the Chinese Government in the usual manner. Under these circumstances the pledging of provincial revenues, such as the salt gabelle, was held by the Government to