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(c) The British preference having been abandoned an ondeavour would be made to substitute a prefer-
ence to the "lenders", the Chinese retaining, within these limits, the right to purchase rail-
way material in the open market.
London,
26th February 1909.
Paris,
27th February 1909.
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Accepted in principle, subject to confirmation by
the British and Chinese Corporation.
C.S.A. (Charles Stewart Addis).
Accepte en principe sous reserve de l'approbation du groupe francais represente par la banque de l'Indo-Chine.
S.S. (Stanislas Simon).
Accepted in principle subject to the confirmation by the Consortium fur Asiatische Geschafte under the condition that the Chinese Central Railways Limited join the English group and with the following addition in No.7a. after the words 'other groups': 'either alternatoly or as the inter- est of the other groups could be shown to predominate'. All details of this memorandum to be determined by a meeting of the concerned parties to be held shortly. Berlin, 1st March 1909, Direction der Disconto Gesellschaft.
(Signed) Erich.
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Schoeller.
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