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- [Footnote: bound by the decision of the Cabinet to withdraw from the
negotiations; they still would have been at liberty to invest in Bagdad Railway securities, as did the French bankers. However, it has been the practice of British financiers to accept the "advice" of the Foreign Office in the case of loans which may lead to international complications. An analogous case in American experience was the decision of prominent New York financial institutions to withdraw from the Chinese consortium in 1913 because of the avowed opposition of President Wilson to the terms of the loan contract.]*
