Mongolia and all other expenses necessary, and shall obtain the approval of the Banks. ARTICLE 3.-The term of the gold loans of the Four Railways of Manchuria and Mongolia shall be forty years. The redemption of the principal, to be refunded by annual instalments, shall commence after eleven years, counting from the day of the issue of the loan. ARTICLE 4.-With the conclusion of the loan contract, the Government shall consult the Banks as to the plan of work to be started according to the plan agreed upon, with a view to speedy construction. ARTICLE 5.-The Government shall offer the following to the Banks as security for the payment of the principal and interest on the loans:-All the property and revenue of the Four Railways of Manchuria and Mongolia, at present and in the future. The Government shall not offer the above-mentioned property and revenue to other parties unless the approval of the Banks is obtained. ARTICLE 6.-The issue price, interest, net amount to be received by the Government, and other conditions, shall be agreed upon between the parties in as favorable terms as possible to the Government when the loan is issued. ARTICLE 7.-Matters which are not provided for in the foregoing Articles shall be agreed upon by consultation between the Government and the Banks. ARTICLE 8.-A formal loan contract shall be concluded within four months after the conclusion of the present preliminary agreement. ARTICLE 9.-With the conclusion of the preliminary contract the Banks shall advance twenty million yen of Japanese currency to the Government. The advance shall be delivered without charging any commission. ARTICLE 10.-Interest on the advance shall be paid at the rate of eight per cent. per annum or Yen Eight per Yen 100. ARTICLE 11.-The advance shall be delivered in the form of the discount of Treasury bills issued by the Government. ARTICLE 12.-The Treasury Bills mentioned in the preceding paragraph shall be renewed every six months, and an amount shall be paid into the banks equal to six months' interest. ARTICLE 13.-After the final agreement for the loan for the Four Railways in Manchuria and Mongolia has been effected, the Government shall repay previous advances preferentially and with out delay from the funds obtained by the issue of a public loan. ARTICLE 14.-The collection, repayment, payment of interest, and all other payments of the previous advances, shall be made at Tokyo, Japan. Two sets each in Japanese and Chinese of the preliminary agreement shall be prepared and signed, and the Government and the Banks shall retain a copy of each. In case a dispute should arise concerning the interpretation of this preliminary agreement, it shall be interpreted according to the Japanese text. September 28, 7th Year of Taisho. Note. [Signed.] INDUSTRIAL BANK OF JAPAN, EIJIRO ONO, Vice-President. CHANG TSUNG-HSIANG, Envoy Extraordinary and Minister This preliminary agreement was made in pursuance of an exchange of notes between the Chinese Minister at Tokyo and the Japanese Minister for Foreign Affairs, under date of September 24, 1918. INDEX Abakait, Pneumonic Plague at, 133 Agriculture, cultivated area, 141-142; Agricultural Experimental Station, 138 Aikiang (see Yalu River) America, financial group, 108; relations American Trade with Manchuria, 262; American electric machinery, 116, 136 mines, 136; their recommendation on American proposal (see Knox, Harri- American shipping, 267 American Trade (see Foreign Trade) Amur Province, 11, 12, 13, 21, 22, 47, Anshan, iron deposit, 114, 139, 210 211 Anti-Japanese Propaganda, 7, 104-105, Antung, opened to foreign trade, 247; Arakan River gold field, 203 Area, no survey made, 13; estimates Chiaotou, 10 Chiapikou gold field, 45 Chichiapu, 10 Chien-shan, 211 Chientao, 76, 103 Chihli Province, 45, 47, 155, 236 Dairen, city of, building of by Rus- Chinchou, 95, 155-6. 172-3, 175 Chinese Government Railways, 295-98, Chinese Immigrants into Manchuria (see Colleges, 131 Colonists, Chinese, 42-44 T .1 Commerce, Domestic (see Trade) Communications (see Railways, Canals, mont statement on, 108; his work in Eternal wall (see Wall, Great) Factories, Chinese, 237; in Kwantung Fengtien Province (see Mukden Proy Fensui Range, 10 Finances, 53, 58, 91, 264 Five Boards, 281 Floods, 20, 22, 151- Flour Mills, history of development, Fushun colliery, origin of, 123 seq.; Fuyu, State of, 26-27, 170' Gas works, 136 J Genghis Khan, 26, 30, 208 Geological formation, 209 Ginseng hunters enter Yalu district, 45 Gold, 201-03 1 Government, provincial, 280; local, 285; Great Britain, agreements with China, Great Khingan Mountains, 11, 21, 24, Grey, Sir Edward, 97, 102 Guilds, merchant, 285; how they func Gulf of Chihli, 17, 22, 55 Gulf of Liaotung, 113, 236 Gulf of Tartary, 14 Invasions, Japanese, 74-5; Chinese, 41; Investments, Japanese, 264; Russian, 53, Iron and Steel Works, 211, 238 Iron, deposit China, 210; compared Iron manufactures, 211, 238 Iron Mines (see Anshan), 210, 211, 212 Japan, entrance into Manchuria, 74, 84; Japanese Banks, 113, 255, 264, 275-6 |