The Governments of Japan and Korea, regarding the forests in the districts along the Yalu and Amur rivers to be the richest source of wealth on the Korean frontier, hereby agree on the terms mentioned below as to the management of those forests: Art. 1. The forests in the districts along the Yalu and Amur rivers shall be subject to the joint management of the Governments of Japan and Korea. Art. 2. The fund for the management shall be 1,200,000 _yen_, a half of which shall be invested by each Government. Art. 3. As to the management of the forests and its income and expenditure, a special account shall be created in order to make them clear. The details of the account shall be notified to each Government once a year. Art. 4. The profit or loss of the undertaking shall be divided between the two Governments in proportion to the amounts of their investments. Art. 5. In case necessity arises to increase the investment stated in the Art. 2, it shall be done, on the recognition of both Governments. Art. 6. In case necessity arises to enact detailed rules in order to enforce the present agreement, it shall be submitted to the hands of commissioners appointed by both Governments. Art. 7. On the progress of the undertaking, when necessity arises to change its organization into a company so as to enable the subjects of both the countries to join in the undertaking, the necessary processes shall be determined by an agreement of both Governments.