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The undersigned Plenipotentiaries declare that the adhesion of the Powers to Art. XXVI of the Decree does not imply recognition of the legality of the use to which the sinking fund of the Egyptian Debt has been applied.

Done at London, the 17th March, 1885.

GRANVILLE. MÜNSTER. KÁROLYI. WADDINGTON. NIGRA. STAAL. [MUSURUS.]