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other Governments concerned for the transfer to the Government of the Republic of China of the administration and control of the International Settlements at Shanghai and Amoy, including the official assets and the official obligations of those settlements, it being mutually understood that the Government of the Republic of China, in taking over administration and control of these settlements, will make provision for the assumption and discharge of the official obligations and liabilities of those settlements (and for the recognition and protection of all legitimate rights therein.) brackets to be omitted if necessary.
words in
(iii) 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 administration and control of the British Concession (including the whole British Municipal Area) at Tientsin and the British Concession at Canton including their official assets and official obligations shall be transferred to the Government 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 concessions (and for the recognition and protection of all legitimate rights therein.) words in brackets to be omitted if necessary7
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 His Majesty's Government in the United Kingdom, and in particular questions which might arise from the abrogation of the provisions of treaties and agreements provided for in Article 2 of the present Treaty, the High Contracting Parties agree that such existing rights or titles shall be indefeasible and shall not be questioned upon any ground except upon proof established through the process of law of fraud or of fraudulent or other dishonest practices in the acquisition of such rights or titles, it being understood that no right or title shall be rendered invalid by virtue of any subsequent change in the original procedure through which it was acquired. It is also agreed that the exercise of these rights and titles shall be subject to the laws and regulations of the Republic of China concerning taxation, national defence and the right of eminent domain, (and that no such rights or titles may be alienated to the Government or nationals (including companies) of any third country without the express consent of the Government of the Republic of China.) words in brackets to be inserted if the Chinese Government agree to paragraph 2 of the annex to the draft exchange of notes7.
(11) The High Contracting Parties also agree that if it should be the desire of the Government of the Republic of China to replace by new deeds of ownership existing
leases/