Germany renounces all her rights, titles, and privileges under the Act of Algeciras and the Franco-German agreements of 1909 and 1911, and under all treaties and arrangements with the Sherifian Empire. She undertakes not to intervene in any negotiations as to Morocco between France and other Powers, accepts all the consequences of the French protectorate and renounces the capitulations; the Sherifian Government shall have complete liberty of action in regard to German nationals, and all German protected persons shall be subject to the common law. All movable and immovable German property, including mining rights, may be sold at public auction, the proceeds to be paid to the Sherifian Government and deducted from the reparation account. Germany is also required to relinquish her interests in the State Bank of Morocco. All Moroccan goods entering Germany shall have the same privilege as French goods. EGYPT [Sidenote: To recognize British Protectorate over Egypt.] Germany recognizes the British Protectorate over Egypt declared on December 18, 1914, and renounces as from August 4, 1914, the capitulation and all the treaties, agreements, etc., concluded by her with Egypt. She undertakes not to intervene in any negotiations about Egypt between Great Britain and other Powers. There are provisions for jurisdiction over German nationals and property and for German consent to any changes which may be made in relation to the Commission of Public Debt. Germany consents to the transfer to Great Britain of the powers given to the late Sultan of Turkey for securing the free navigation of the Suez Canal. Arrangements for property belonging to German nationals in Egypt are made similar to those in the case of Morocco and other countries. Anglo-Egyptian goods entering Germany shall enjoy the same treatment as British goods. TURKEY AND BULGARIA [Sidenote: Arrangements with Turkey and Bulgaria.] Germany accepts all arrangements which the Allied and Associated Powers made with Turkey and Bulgaria with reference to any rights, privileges or interests claimed in those countries by Germany or her nationals and not dealt with elsewhere. SHANTUNG [Sidenote: To cede Kiao-Chau rights to Japan.] Germany cedes to Japan all rights, titles, and privileges, notably as to Kiao-Chau, and the railroads, mines, and cables acquired by her treaty with China of March 6, 1897, by and other agreements as to Shantung. All German rights to the railroad from Tsing-tao to Tsinan-fu, including all facilities and mining rights and rights of exploitation, pass equally to Japan, and the cables from Tsing-tao to Shanghai and Che-foo, the cables free of all charges. All German State property, movable and immovable, in Kiao-Chau is acquired by Japan free of all charges. SECTION VI MILITARY, NAVAL AND AIR