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Russia, however, is not only doubling the track of her Siberian Railway, but is also building a second line along the Amur; while Japan will soon command access to central Manchuria by three lines; one from Dalny to Kwanchengtsz; another from Fusan via Wiju to Mukden, and a third from the northeastern coast of Korea via Hoiryong, on the Tumen, to Kilin.

The Treaty of Portsmouth recognized Japan's "paramount political, military, and economic interests" in Korea; provided for the simultaneous evacuation of Manchuria by the contracting parties; transferred to Japan the lease of the Liaotung peninsula, held by Russia from China, together with that of the Russian railways south of Kwanchengtsz and all collateral mining or other privileges; ceded to Japan the southern half of Saghalien, the fiftieth parallel of latitude to be the boundary between the two parties; secured fishing-rights for Japanese subjects along the coasts of the seas of Japan, Okhotsk, and Bering; laid down that the expense incurred by the Japanese for the maintenance of the Russian prisoners during the war should be reimbursed by Russia, less the outlays made by the latter on account of Japanese prisoners, by which arrangement Japan obtained a payment of some four million sterling $20,000,000, and provided that the contracting parties, while withdrawing their military force from Manchuria, might maintain guards to protect their respective railways, the number of such guards not to exceed fifteen per kilometre of line.