Monsieur le Ministre,
In the name of my Government.
I have the honour to make the following declaration to your
Government:--
China will hereafter provide funds for building necessary railways
in South Manchuria and Eastern Inner Mongolia; if foreign capital
is required China may negotiate for a loan with Japanese
capitalists first; and further, the Chinese Government, when
making a loan in future on the security of the taxes in the above-
mentioned places (excluding the salt and customs revenue which
have already been pledged by the Chinese Central Government) may
negotiate for it with Japanese capitalists first.
I avail, etc.
(Signed) LOU TSENG-TSIANG.
His Excellency, Hioki Eki, Japanese Minister.
--Reply--
Peking, the 25th day of the 5th month of the 4th year of Taisho.
Excellency,
I have the honour to acknowledge the receipt of Your Excellency's
note of this day's date respecting railways and taxes in South
Manchuria and Eastern Inner Mongolia in which you stated:
"China will hereafter provide funds for building necessary
railways in South Manchuria and Eastern Inner Mongolia; if foreign
capital is required China may negotiate for a loan with Japanese
capitalists first; and further, the Chinese Government, when
making a loan in future on the security of taxes in the above
mentioned places (excluding the salt and customs revenue which has
already been pledged by the Chinese Central Government) may
negotiate for it with Japanese capitalists first.
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