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to enforce the security, will be maintained.
(111). His Majesty the King agrees that the British Concession (including the whole British Municipal Area) at Tientsin and the British
Concession at Canton shall revert to the
administration and control of the Government of
the Republic of China and that the rights accorded to His Majesty in relation to those concessions
shall cease.
(iv). The dministration and control of
the British Concessions at Tientsin and Canton
including their official assets and official
obli ations shall be transferred to the Gov rnment of the Republic of China, it being mutually understood that the Government of the Republic
of China in taking over administration and control
of these concessions will make provision for the assumption and discharge of the official obligations and liabilities of these ouncessions and for the recognition and protection of all legitimate
rights therein. It is understood that where the
obli ations and liabilities of the municipal councils of these concessions are secured upon assets in China, the security and the existing rights of the holders of the obligations to enforce the security, will be maintained.
Article 5. (1). In order to obviate any questions as to existing rights in respect of or as to existing titles to real property in the territory of the Republic of China possessed by nationals and companies of His Majesty the King, or by H.". G. in the U.K., and in particular
questions/