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"The term lease by negotiation contained in Article 2 of the Treaty respecting South Manchuria and Eastern Inner Mongolia signed this day shall be understood to imply a long-term lease of not more than thirty years and also the possibility of its unconditional renewal." In reply I beg to state that I have taken note of the same. I avail, etc., His Excellency, Hioki Eki, Japanese Minister.

I avail, etc., His Excellency, Hioki Eki, Japanese Minister. The Draft of the Permanent Constitution completed in May, 1917. The proposed Provincial System, i.e., the local government law. Memorandum by the Ministry of Commerce on Tariff Revision, illustrating the anomalies of present trade taxation. The leading outstanding cases between China and the Foreign Powers.

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;

Done at Peking this twenty-fifth day of the fifth month of the fourth year of the Republic of China, corresponding to the same day of the same month of the fourth year of Taisho. Peking, the 25th day of the 5th month of the 4th year of the Republic of China. Monsieur le Ministre. I avail, etc., His Excellency, Hioki Eki, Japanese Minister. Reply

His Excellency, Hioki Eki, Japanese Minister. Reply Peking, the 25th day of the 5th month of the 4th year of Taisho. Excellency,

Article 12 in the original South Manchurian Railway Agreement providing that it may be redeemed by China after 36 years from the day on which the traffic is opened is hereby cancelled. The term of the Antung-Mukden Railway shall expire in the 96th year of the Republic or 2007. I avail, etc., His Excellency, Hioki Eki, Japanese Minister. Reply

I hope your Government will agree to this proposal. I avail, etc., His Excellency, Hioki Eki, Japanese Minister. Reply Peking, the 25th day of the 5th month of the 4th year of Taisho. Excellency,

Hioki, the Japanese Minister, at a Conference held at Wai Chiao Pu, May 1, 1915.