(
504
themselves the benefit of the Anglo-Chinese
Arrangement of September 1905. It now ap-
pears from M. Cambon's note that the French
Government, as a result of what they assert
to be the agreement come to between certain
British and French financiers, claim in res-
pect of the whole line that Anglo-Frerich
capital shall not be devoted to its construc-
tion without "la participation des deux pays
pour la construction, le matériel, la directior
le contrôle, et l'exploitation".
The pro-
posed reply apparently accepts this claim
(which, it may be observed, goes beyond any-
thing in the terms of the Chinese undertaking).
and you state in your letter that Sir E.Grey
is of opinion that there can now be no ques-
tion of repudiating the French claim for
equal participation.
anifo
Very
6
unwitting
3. Lord Elgin is omnite se understa of wir Situation
this view kastmen apeived ft. You
observe
真