CO129-361 - Public Offices - 1909 — Page 408

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RECR REGP 22 MAY OS

HANKOW-CANTON and HANKOW-CHENGTU RAILWAY

LOAN NEGOTIATIONS.

Memorandum of Terms of Agreement come to at a Meeting at the Offices

of the Deutsch-Asiatische Bank, Berlin, on 14th May, 1909.

Parties:--

THE BRITISH AND CHINESE CORPORATION, LIMITED,

CHINESE CENTRAL RAILWAYS, LIMITED,

Representing the British Group.

THE DEUTSCH-ASIATISCHE BANK,

Bepresenting the German Group.

THE BANQUE DE L'INDO-CHINE,

Representing the French Group.

(1) The Addis Memorandum of 26th February, 1909, is accepted as the basis of the present arrangement in respect of the Hankow-Canton Railway and Hankow-Chengtn Railway.

(2) The British-German-French Groups agree to enter into an agreement with the Chinese Government for a Loan for £5,500,000—and any supplementary loans to be issued in connection therewith for the above railways on the basis of the draft agreement approved by the parties.

(3) This Loan to be divided equally between the three groups and to be issued simultaneously.

(4) All orders for materials to be divided as far as possible equally between the three groups.

(5) In regard to the appointment of Chief Engineers, the Chief Engineer for the Hankow-Canton Railway to be appointed by the British and Chinese Corporation, Limited, the Chief Engineer for the Ichang- Hsiangyang-Kuangchui Line and the Ichang-Hanyang Line to the length of about 800 kilometres to be appointed by the German Group, and the Chief Engineer of the extension of the Line from Ichang or Hsiangyang to Chengtu to be appointed by Chinese Central Railways, Limited,