London via Bombay, March 18.
Telegrams from Constantinople state that an agreement has reached between the Baghdad Railway Company and the Porte, by which the Company renounces its lien upon the four per cent increase in the Customs duties, receiving instead as security the general revenues of the Empire. The Agreement concedes to the Company the right to build a branch line from Osmanieh to Alexandretta.
It is understood that an agreement in principle has practically been a.tained in regard to the terminal section from Bagdad to the Persian Gulf, the Company giving the Government a free hand, with the reservation to Germany of equal participation with any foreign Power.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.