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distinctions did not exist under the Manchu

Government but the new regime had altered all that.

He was anxious to reduce the Agreement to a business

basis. He agreed that the lack of efficiency of the

Chinese section was a result of internal troubles, but

pointed out that the Ministry of Railways had now

drawn up a big railway scheme covering China. The Hong Kong - Canton Railway had its share, but it was only

a small part of the scheme. After the revision of

the Working Agreement China would improve the line and

carry out its contract.

5.

His excellency replied that he was ready to

discuss revision when the Chinese section was in a

proper state to carry the traffic that was obtainable.

Until that was done we were losing because of China's

default. The Railway as a whole had no proper chance

while sleepers and other important matters continue in

the present condition .. It was not equitable to ask us

to increase our losses by giving China a bigger share of

the fares when the losses might not exist at all if

China did her part. If the Chinese section was put

into proper order he would be prepared to discuss the

Agreement. It might even be that he would agree to

adopt the mileage basis for division but it would have

to be under reservations; for instance special works

such as the tunnel would require consideration for

such works meant large additions to expenditure which

might have been avoided by a longer mileage but an

easier route.

6.

Mr. Hsieh professed to be optimistic about the possibilities of peace and made several attempts to pin

His Excellency to dates in connection with what had been

said

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