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DRAFT OF PROPOSED AGREEMENT.

1911 between

An Agreement made this day of

The Yuchuanpu of the one part, and The Eastern Extension

Australasia and China Telegraph Company, Limited, and

The Great Northern Telegraph Company, Limited, of Den-

mark (hereinafter called "the Companies") of the other

part.

Whereas the Yuchuanpu is desirous of contracting

a loan for the purpose of reorganising, improving und

developing its Telegraph and Telephone services.

And Whereas the Companies are willing to provide

a loan for the purpose stated.

It is therefore mutally agreed between the parties

hereto, as follows:-

Article 1.

The Companies agree to provide the Yuchuanpu with

a Gold Loan of the sum of £500,000 (five hundred thousand

pounds sterling) on the conditions hereinafter named.

Article 2.

The loan shall be issued at

and shall bear

interest

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