Memorandum.
For Mr. White.
Subject : Explanation of material effect of proposals submitted for Japanese declaration
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-- Under the provisions of the draft proposed --
I. Japan would renounce voluntarily:
(a) The right to locate and hold an “exclusive Japanese concession on Kiaochow Bay”.
(b) Such right as existed under the German-Chinese agreements of exclusive first refusal in case China sought foreign capital, personnel or material for industrial (etc) developments in Shantung Province.
II. Japan would retain:
All the rights which she has been accorded with regard to mines and railways in existence, with regard to opening new mines, and with regard to building railways already contracted for.
III. Japan would gain:Out and out financial compensation for the properties which she has acquired from Germany within the Leased Territory. This includes the city and port of Tsingtao.
IV. Japan would have in the “international settlement” and port of Tsingtao:
Equal rights and opportunities with the naitionals of all other countries. In fact, Japan would have greater influence and opportunity than other nations, by virtue of the facts that the Japanese population will be the most numerous, Japan is near at hand, and Japanese shipping will exceed that of other nations.
