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British groups in carrying out the enterprise, there
would appear to be no advantage in the scope of the en-
gagements they took in January 1906 being extended to
the fresh points raised in the two last paragraphs of
the memorandum communicated by Monsieur Cambon;
nor,
more especially, in an intimation being conveyed to the
Viceroy at present that no capital could be furnished
from British sources unless he agreed to take the money
as an Anglo-French loan in view of the agreement which
has been come to between British and French financiers.
The obvious rejoinder of the Viceroy, if such an
intimation were made to him, would be that he had pro-
mised the preference to the British group, that he had
no concern with any arrangements between that group and
the
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