III. 1 singtao-Tsinanfu Bailway

3. AH light railways constructed by Japaa in Shantung and ail properties appurtenant thereto shall be considered as part of the properties of the Tsingtao-Tsinanfu Railway.

4. The telegraph Unes along the Railway shall also be coDsidered as part of the Railway properties.

5. The Chinese authorities, upon taking over the Raifway, shall hâve full power and. discrétion to retain or to remove the présent employées of Japanese nationality in the service of the Railway. In replacing such employées, reasonable notice shall be given before the date of the transfer of the Railway. Betailed arrangements regard ing the replacements to take effect immediately on the transfer of the Railway are to be made by the Joint Railway Commission provided for in Article 16 of the Treaty.

6. The entire subordinate staff of the Japanese Traffic Manager and the Japanese Chief Accountant of the Railway is to be appointed by the Chinese Managing Director. After two years and a half from the date of the transfer of the Railway, the Chinese Government may appoint an Assistant Traffic Manager of Chinese nationality for the period of two years and a half, and such Chinese Assistant Traffic Manager may likewise be appointed at any time upon notice being given for the rédemption of the Treasury Notes under Article 18 of the Treaty.

7. The Chinese Government is under no obligation to appoint Japanese subjects as members of the subordinate staff above mentioned.

8. The rédemption of the Treasury Notes under Article 1 8 of the Treaty will not be effected with funds raised from any source other than Chinese.

9. The Chinese Government will ask the Japanese Government for such information as may be useful in making the sélection of the Japanese Traffic Manager and the Japanese Chief Accountant of the Railway.

10. Ail questions relating to the existing contracts or commitments made by the Japanese authorities in charge of the Railway shall be settled by the Joint Railway Commission; and, prior to the transfer of the Railway, the said Japanese authorities will not make any new contracts or commitments calculated to be harmful to the interests of the Railway.

IV. Opening of the former German Leased Territory of Kiaochow.

11. The term „lawful pursuits" used in Article 23 of the Treaty shall not be so construed as to include agriculture, or any enterprise prohibited by Chinese law or not permitted to foreign nationals under the treaties between China and foreign Powers, it being understood that thie définition shall be without préjudice to the question of the sait industr) provided for in Article 25 of the Treaty or to any question relating to vested rights which shall be determined in accordance with Article 24 of the Treaty.