Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1898-09-16
OPENING UP OF CHINA.
FRS, Concession Ever G'anied 10 a Foreign
Syndicate.
7 IS GIVEN TO AN ENGLISH COMPANY.
Allows tho Right 20 Work Coal. Iron aud
Petroleum Deposits. aud TO Operate
Railways changes that Itssait.

New York. scpt. ia Dispatch to
the Tribune FROM Washington says.
Consul James W. Ragaiale. at Tien
rsin. China. reports the nrst conces-
sion ever granted by the Imperial
Chinese government to q foreign syn
dicate. by the terms Of which foreign
cfr have the rlght 20 open and work
mines, construct and operate railways
entirely free from Chinese cotErol other
than the payment Of a royalty and con-
formhy with the general laws Of the
empire. NJ applicable to foreigners.
ON May 2isi there wcrc signed. In
the presence Of ihe ministers q the
Tsung IL Yanen articles OF agreement,
which ocdcd to the Picking syndicate.
limited. u London, the sole right to
open and work the coal and iron do
poaltu OF Central and Southern shanAl
and the petroleum deposits u the en-
tire province, also the right ~ CON
s,ruct and operatc all necessary rail-
ways 20 maip trunk lines and nay-
igablo waters for exporting the min
Ing products. The agreement was
signed by orders issued In an imperial
cdici. stamped with the seal OF tho
,rung u yamen a. a visible sign OF Inn
pcriaI sanction and authority, md the
whole proceedings were verified and
ratified by the British and italian nnn-
listers 70 China.
The xgnin. n this contract marks
ne mos, inlporInt epoch In the IN
duEtrtal policy " China. The prccc-
dent has been ca abnahcd Of allowing
Foreigners. Tor commercial purposes, 90
own real estate Ia the Interior - China.
open and operate mines and construct
and maintain railway There have
been many other so-callcd railway con.
cesriou granted In China but none OF
thrm IL worth tho paper u Is written
On. ~ the railway concruatonA. oniy
une-the Belgian syndicate for the
pcklng- Hankow railway-hah passed
beyond the preliminary state. and In
none II the syndicate more than the
financial agent Of the chinesc. TINS
railway situation has no voice IN the
management and not too much nccur-
ny for thfdr money. IA matter ~
faet W 10 date neither the Helrihn
syndicate nor any other has furnished
One cent OF money
Following n a synopsis OF the agree
ment between the Pekin syndicate
and the Chinese government. The
right 20 open and work coal and iron
deposits In certain named districts %
slhansi and the sol. right 10 MI petro-
ieums. the rlghta 10 oNis; Tor slN'y
years n granted,
Priyate lands are 10 be purchased
and on government lands the syndl.
cate 10 to pay double the f'reeem land
tax.
All matters OF Administration, eS-
ploratlon. management OF employs
a ali Ia
board OF directors OF the Peking syndl-
cate. Each mine Ia 10 have foreign |
managers and one chinaman % ar
range disputes with natives Al ae- |
are 10 be kept by foreign meth
DDS, but audited annually by native
o: China. Al salaries are 20 be paid 1
by the Peklng syndicate ana Az &c.
eelpls and payments shall be controlled
10y foreigners.
An damage done to private property |
In prospecting Is 20 be paid fori Gene
leries or moriuary Fhrincs are not 60
be disturbed.
The Chinese government Is 20 receive
4 ave per cer1 production tax on the
lcsual cost OF extracting coal, Iron or
other material. The syndicate 4 30 re-
'elve six per cen, Interest on the capl-
.al of che company and three per cent
shall be set aside as sinking FUND
with which 40 repay the capital, or
HE balance net profit the Chinese gpv-
'rnmef II TO receive 20 per cent, ami
he Peklng syndicate 70 per cent, All
luture coal or iron mines worked with
'orclgn capital shall pay fhe nye per
sent producers tax.
The Chinese government Is not TO be
Reid responsible for losses.
All imported machinery ana material
hail pay one and one half per cent che.
'egular maritime customs dues, hut no
kin taxes. Mining. products exported
rom a seaport u q pay regular ex-
,ort duty.
At the expiration OF sixty years all
machinery az plant, buildings. mines,
etc.. revert gratis TO the Chi
lcse government,
the syndicate shall establish school
4 clvll engineering and mining school
or twenty Chinese students Chinese
nay buy shares In the company. The
imperial Chinese government has re-
ierved t25O,OOO worlh OF shares. for
which u pays In cash the par value.
When Chinese own 20 per cent OF any |
ne mine they may redeem the re-
nAinder from the syndicate ami ppar-
Ite ths mine, Private mines now In
psra,.on may continue to work or sell