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question of price aside for the time being, however, he proposed that the re-draft of the Agreement, made since the last meeting by Mr. Bland, be discussed seriatim with a view to coming, if possible, to a final understanding on all other points.
Article 1.
H.E. T'ANG SHAO-YI took exception to the Bonds being specifically described as similar to those of the Shanghai Nanking Railway, on the ground that the form would be a matter for arrangement in the event of there being anything in the Nanking bonds to which the Chinese Government might take exception. Mr. BLAND said that conditions of this kind, while without possible detriment to the interests of the Chinese Government, were absolutely necessary to inspire confidence amongst investors. He had sent to Shanghai for one of the Bonds and hoped to be able to reassure His Excellency as to its form being unobjectionable.
Article 2. H.E. Tang Shao-yi objected to the wording of this article insofar as it referred to the Working Agreement, to be hereafter negotiated between the Viceroy and the Hongkong Government. He considered this as a matter beyond the proper scope of the present Loan Agreement, which referred only to the Chinese section of the Railway, and he therefore proposed to delete all mention of the said working agreement. Incidentally, he objected to the term as liable to create misapprehension and difficulty in the future, and stated that the Chinese Government would not bind itself to the condition that the two sections of the line should be worked as one undertaking, it being their intention to have separate frontier stations and an independent system, under conditions similar to those existing at the Feng-tai Junction of the Northern and Ching Hai Railways.
Mr. BLAND
:
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question of price aside for the time being, however, he
proposed that the re-draft of the Agreement, made since the last meeting by Mr. Bland, be discussed seristin with a view tu coming, if possible, to a final understanding on all other points.
Article 1.
H.E. T'ANG SI A0-YI took exception to
the Ronds being specifically described as similar to those of the Shanghai Nanking Railway, on the ground that the form bould be a matter for arrangement in the event of there being anything in the Manking bonds to which the Chinese tto vernment might take exception. Mr. RLAND suid that con- ditions of this kind while with ut possible detriment to the interests of the Chinese Guvernuaent, were absolutely necessary to inspire confidence snungst investurs. He had sent to Shanghai for one of the "unds and hoped to be able to reassure His Excellency as to its form being unubjection- able:
artide 2. H. E. Tang Shaw-yi objected to the wowing of this article insofar as it referred to the Working.
Agresmont, to be hereafter negotiated between the Viceroy and the Hongkong Government. He considered this as a matter beyond the proper scope of the present. Luan Agreement which referred only to the Chinese section of the Railway and he therefore proposed to delete all mention of the said work- ing agreement. Incidentally, he objected to the term us liable to create misapprehension and difficulty in the future, and stated that the Chinese Government would not bind itself to the condition that the two sections of the line should be worked as one undertaking it being their intention to have separate frontier stations and an independent sys- tem, under conditions similar to thuse existing at the Feng- tai Junction of the Northern and Ching Hai Railways.
Mr. BLAND"
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