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Copy -
HANKOP-CANTON RAILWAY LOAN.
C. O.
316
4151
RESS
(REGE 4 FEE 09
MEMORANDUM
of interviews between Mr. C. S. Addis, representing the British Group, and representatives of the French and Ger- man Groups, at Paris and Berlin, on the 25th-27th and the 28th January 1000 respectively.
The Anglo-Chinese Agreement of 1905 provides that,
in the event of foreign capital or foreign material being
required for the lankow-Canton Railway, a preference shall
be given on equal terms to
(a) British Capital
(b) British Material.
It is to be noticed that "b" is a function of "a".
The preference for British material can only be obtained
through a British loan on terms not worse than those of-
fered by another Power. Conversely, if any other Fower
offers better loan terms than Great Britain, the British
preference for material falls to the ground. The material preference would then, presumably, accrue to that Power
which, by offering better financial terms had succeeded
in wresting the loan from Great Britain.
From this form of competition France is excluded by
their Agreement with the British and Chinese Corporation
of
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