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In compensation for these concessions on the part of France,

the British Government acknowledges her pre- dominant position in Morocco, and agrees that, if that anarchic country is to be " regenerated " by European influence, the agency must be that of France. On -the lother

hand, France is not to annex, or to fortify the coast opposite Europe, while she is to make arrangements with Spain, as being exceptionally interested in the fate of Morocco, which shall be agreeable to that Power in form as well as substance. Moreover, British commerce is to retain all the immunities it now enjoys by treaty, and is always to be considered as entitled to equality with that of France, even as regards the passage of British goods through French territory.

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