In accordance with Article 4 of the Agreement Between Japan and the Republic of China Concerning the Rendition of Concessions and the Relinquishment of Extra-territorial Rights which was concluded at Nanking on January 9 of the eighteenth year of Showa corresponding to the thirty-second year of the Republic of China, the following has been discussed and decided upon.
Article 1. The enforcement of the restoration of administrative rights over the concession based on the Land Regulations of the Shanghai International Settlement and the By-Laws thereof by the Government of the Republic of China shall take place on August 1 of the eighteenth year of a Showa corresponding to the thirty-second year of the Republic of China.
Article 2. All public establishments, assets and property rights belonging to the Municipal Council of the Shanghai International Settlement shall without compensation be transferred to the Republic of China in their existing condition and all liabilities of the said council shall be taken over by the Republic of China in their existing condition.
Article 3. The Government of the Republic of China shall respect and reaffirm the rights and interests with respect to real estate and others which the Japanese Government and nationals have in the International Settlement and its Extension Roads on the basis of existing conditions and shall take the necessary measures for this purpose.
Article 4. After the enforcement of the restoration of administrative
rights based on the Land Regulations of the Shanghai International Settlement and the By-Laws thereof, the Government of the Republic of China shall, in their administration of the said area, maintain at least the standard hitherto maintained with respect to the domicile, occupation and welfare of Japanese nationals resident therein.
Article 5. Concrete matters pertaining to the enforcement of the present agreement shall be decided upon by consultation between the Japanese and Chinese authorities of the locality concerned.