16
These provisions were accepted as correctly setting out the principle of the division of profits subject only to any elaboration which might be found necessary on further examination.
An understanding was arrived at on the following points :-----
1. Each group should on the completion of the new agreement communicate to their respective Governments the result of the conference with all necessary
documents.
2. The four groups should approach their respective Governments and request them to address an identic note to the Chinese Government calling upon "that Government to complete the loan and supplemental agreements.
3. The four groups to advise their respective representatives in Peking of the result of the conference, and to instruct them to take action accordingly.
4. With regard to the printing of the bonds the form to be such as will satisfy
the reasonable requirements of the New York Stock Exchange.
The following persons were then appointed to be members of the committee to consider questions of detail and to report to the conference :---
M. M. Casenave,
M. F. Urbig,
Mr. G. Jamieson,
Mr. E. C. Grenfell. represented by Mr. W. D. Straight.
For the French Group:
17
The proceedings terminated with a vote of thanks to the chairman, proposed by Mr. Addis, M. Urbig, and Mr. Davison, which was carried unanimously.
J. CAILLAUX.
Enclosure 10 in No. 1.
ST. SIMON. ULLMANN. CASENAVE.
H. P. DAVISON.
E. C. GRENFELL.
H. H. HARJES,
MAX WARBURG.
W. STRAIGHT.
FR. URBIG.
E. REHDERS. G. JAMIESON. CARL MEYER. C. S. ADDIS.
J. CAILLA UX. ST. SIMON. ULLMANN. CASENAVE.
For the British Group:
CARL MEYER.
G. JAMIESON. C. S. ADDIS.
For the German Group:
FR. URBIG.
E. REHDERS.
For the American Group:
Enclosure 9 in No. 1.
E. C. GRENFELL.
H. P. DAVISON. MAX WARBURG. H. H. HARJES. WILLARD STRAIGHT.
Minutes of Meeting of the French, British, German, and American Groups, at the Office of
the Banque de l'Indo-Chine, Paris, on May 24, 1910.
Present:
(Same parties as on May 23, 1910.]
THE minutes of the meeting of the 23rd May, 1910, were read and approved with certain modifications, and signed.
The minutes of the committee meeting of the 23rd May, 1910, were read, approved, and signed, and the report of the committee was adopted.
It was agreed that the four groups should ratify the agreement of the 23rd May, 1910, as between themselves.
Minutes of a Meeting of the French, British, German, and American Groups, held at the Banque de l'Indo-Chine on May 23, 1910, of the Committee appointed at the Meeting of the four Groups held that day.
Present:
M. F. Urbig, in the Chair
M. M. Casenave;
Mr. G. Jamieson;
Mr. W. D. Straight.
THE following resolutions were passed:
1. Preliminary Expenses.
;
That to carry out and give effect to clause 7 of the agreement between the four groups drafted at the meeting of the groups held that day the American group pay to the French, British, and German groups respectively the sum of 1,500, being 1 per 1,000 on the share of the loan allotted to the American group.
2. Purchasing Arrangements.
That the existing arrangements of article 18 of the original loan agreement be allowed to stand, provided that the two purchasing agents give to the French and American groups a letter in the following terms, and provided, moreover, that said purchasing agents shall be bound to report as far as possible to any group requesting such information regarding the purchase of materials under the instructions of the director-general in accordance with the provisions of the original loan agreement with accompanying despatch and the supplemental loan agreement :---
"We beg to inform you that we have been appointed purchasing agents for the Hankow-Canton, Hankow-Szechuan Railways, in accordance with article 18 of the Hukuang loan agreement initialled on the 6th June, 1909.
"In view of the terms of said loan agreement, with accompanying despatch and the agreement supplementary thereto providing for the admission to participation of the American group and securing equal consideration for British, German, French, and American materials, and equal facilities for the receipt of tenders in the markets of the four countries, we beg to state that we will take all steps necessary to assure the above-mentioned consideration for French-American materials and make all proper provision for the receipt on an absolute basis of equality of tenders from British, German, French, and American manufacturers."
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