n under the exclusive jurisdiction of Japan to be
established at a place designated by the Japanese Government.

"3. If the foreign Powers desire it, an international concession may be
established.

"4. As regards the disposal to be made of the buildings and properties of
Germany and the conditions and procedure relating thereto, the Japanese
Government and the Chinese Government shall arrange the matter by mutual
agreement before the restoration."

In reply, I beg to state that I have taken note of this declaration.

I avail, etc.,

(Signed) Lou Tseng-tsiang.

His Excellency,
Hioki Eki,
Japanese Minister.

TREATY RESPECTING SOUTH MANCHURIA AND EASTERN INNER MONGOLIA

His Excellency the President of the Republic of China and His Majesty
the Emperor of Japan, having resolved to conclude a Treaty with a view
to developing their economic relations in South Manchuria and Eastern
Inner Mongolia, have for that purpose named as their Plenipotentiaries,
that is to say;

His Excellency the President of the Republic of China, Lou Tseng-tsiang,
_Chung-ching_, First Class _Chia-ho_ Decoration, and Minister of Foreign
Affairs; And His Majesty the Emperor of Japan, Hioki Eki, _Jushii_,
Second Class of the Imperial Order of the Sacred Treasure, Minister
Plenipotentiary and Envoy Extraordinary;

Who, after having communicated to each other their full powers, and
found them to be in good and due form, have agreed upon and concluded
the following Articles:--

Article 1. The two High Contracting Parties agree that the term of lease
of Port Arthur and Dalny and the terms of the South Manchuria Railway
and the Antung-Mukden Railway, shall be extended to 99 years.

Art. 2. Japanese subjects in South Manchuria may, by negotiation, lease
land necessary for erecting suitable buildings for trade and manufacture
or for prosecuting agricultural enterprises.

Art. 3. Japanese subjects shall be free to reside and travel in South
Manchuria and to engage in business and manufacture of any kind
whatsoever.

Art. 4. In the event of Japanese and Chinese desiring jointly to
undertake agricultural enterprises and industries incidental thereto,
the Chinese Government may give its permission.

Art. 5. The Japanese subjects referred to in the preceding three
articles, besides being required to register with the local Authorities
passports which they must procure under the existing regulations, shall
also submit to the police laws and ordi