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The problem of the minimum loss in relation to the singing point is investigated for generalized transmission systems that must be stable for any combination of passive terminating impedances. It is concluded that the loss may approach zero db only in those cases where the image impedances seen at the ends of the system are purely resistive. Moreover, in such cases, the method of overcoming the transmission loss, whether by conventional repeaters or by series and shunt negative impedance loading, or otherwise, is quite immaterial to the external behavior of the system as long as the image impedances are not changed. The use of impedance-correcting networks provides one means of insuring that phase of the image impedance of the over-all system approaches zero. General relations are derived which connect the image impedance and the image gain of an active system with its over-all performance properties.