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Simpson, Bertram Lenox, 1877-1930

"The Fight for the Republic in China"

(Changed to an exchange of notes.) The Chinese
Government declares that China will hereafter provide funds for
building railways in South Manchuria; if foreign capital is
required, the Chinese Government agrees to negotiate for the loan
with Japanese capitalists first.
Article 5a. (Changed to an exchange of notes.) The Chinese
Government agrees that hereafter, when a foreign loan is to be
made on the security of the taxes of South Manchuria (not
including customs and salt revenue on the security of which loans
have already been made by the Central Government), it will
negotiate for the loan with Japanese capitalists first.
Article 6. (Changed to an exchange of notes.) The Chinese
Government declares that hereafter if foreign advisers or
instructors on political, financial, military or police matters,
are to be employed in South Manchuria, Japanese will be employed
first.
Article 7. The Chinese Government agrees speedily to make a
fundamental revision of the Kirin-Changchun Railway Loan
Agreement, taking as a standard the provisions in railroad loan
agreements made heretofore between China and foreign financiers.
If, in future, more advantageous terms than those in existing
railway loan agreements are granted to foreign financiers, in
connection with railway loans, the above agreement shall again be
revised in accordance with Japan's wishes.
All existing treaties between China and Japan relating to
Manchuria shall, except where otherwise provided for by this
Convention, remain in force.


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