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obligations and for the recognition and protection of all. legitimate rights in that quarter.
(iii). The Government of the Republic of China shall accord to His Majesty's Government in the United Kingdom a continued right to use for official purposes the land which has been allocated to His Majesty's Government in the United Kingdom in the diplomatic quarter in Peiping, on parts of which are located buildings belonging to His Majesty's Government in the United Kingdom.
Article 4 (1). His Majesty the King considers that the International Settlements at Shanghai and Amoy should revert to the administration and control of the Government of the Republic of China and agrees that the rights accorded to His Majesty in relation to those settlements shall cease.
(ii) His Majesty's Government in the United Kingdom will co-operate with the Government of the Republic of China for the reaching of any necessary agreements with the other Governments concerned for the transfer to the Government of the Republic of China of the administration and control of the International Settlements at Shanghai and Amoy, including the control of the official assets and the official obligations of those settlements, and the Government of the Republic of China will accept such transfer and will make provision for the assumption of the official obligations and liabilities of those settlements and for the recognition and protection of all legitimate rights therein. It is understood that where the obligations and liabilities of the municipal councils of these settlements are secured upon assets in China, the security, and existing rights of the holders of the obligations to enforce the security, will be maintained.
(iii) His Majesty the King agrees that the British Concession (including the whole British municipal area) at Tientsin and the British concession at Canton shall revert to the administration and control of the Government of the Republic of China and that the rights accorded to His Majesty in relation to those concessions shall cease.
(iv). The administration and control of the British Concessions at Tientsin and Canton including their official assets and official obligations shall be transferred to the Government of the Republic of China, and the Government of the Republic of China will accept such transfer and will make provision for the assumption of the official obligations and liabilities of these British Concessions and for the recognition and protection of all legitimate rights therein. understood that where the obligations and liabilities of the municipal councils of these concessions are secured upon assets in China, the security and the existing rights of the holders of the obligations to enforce the security will be maintained,
It is
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