CO129-344 - Public Offices & Foreign Office - 1907 — Page 637

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be paid in due course. Of the said 50,000 shares,

7,500 shall be allotted to the Compagnie Internationale

d'Orient or their nominees (hereinafter called the

Belgian Group) and 2,500 shares out of such 7,500 shall

be transferred or the benefit thereof made over to the

Yangtze Valley Company Limited on such terms and condi-

tions as the British Group shall think fit. Of the

50,000 shares held by the British Group or their nom-

inees 5,000 have been already transferred to the Bel-

gian Group and in the event of certain American capit-

alists to be approved of by the British Group (herein-

after referred to as "the American Group") agreeing

within twelve months from the date hereof as to which

time shall be of the essence of the contract to accept

such participation but not a smaller one in the Company

the British Group shall transfer or make over the

benefit of a further 7,500 shares out of their 50,000

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shares to the American Group but only upon such terms

and conditions as the British Group shall think fit

and in the event of the American Group not agreeing

within the time aforesaid to participate as aforesaid

the