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| | Hay-Pauncefote Treaties on Encyclopedia.com |
 | | It nominally retained the principle of neutrality under the sole guarantee of the United States, stipulated that the canal be open to ships of all nations on equal terms, but omitted the clause contained in the first draft forbidding fortifications. |
 | | (hā-pôns´foot), negotiated in 1899 and 1901 by Secretary of State John Hay, for the United States, and Lord Pauncefote of Preston, British ambassador to the United States, for Great Britain, with the object of modifying the Clayton-Bulwer Treaty, concerning the construction of an Isthmian canal in Central America. |
 | | It further provided for a neutralization scheme (to be governed by rules similar to the Suez Canal regulations adopted at Constantinople in 1888) calling for the nonfortification of the canal and equal transit rights to ships of all nations, even in time of war. |
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