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of the Loan at the end of every six months. The amount to be redeemed at each drawing shall conform to the stipulations in the Amortization Table.

Article 7. Each public drawing shall be held three

months before re-payment of principal.

Article 8. For the payment of principal and

interest on this Loan, the Ministry of Finance shall remit funds in British and American currencies in regular instalments, from the income of the National Treasury, to the Central Bank of China as a sinking fund for this Loan.

Article 9. The Central Bank of China and certain banks specially designated by it shall act as agents for the payment of principal and interest on this Loan.

Article 10. The British Gold Bonds of this Loan shall be divided into five denominations, respectively, of £1,000; £100; £50; £10 and £5.

The American Gold Bonds of this Loan shall be divided into six denominations, respectively, of U.S.$5,000; U.S.$1,000; U.3.8100; U.3.850; U.8.810 and U.S.%5.

The bonds shall be bearer bonds.

Article 11. The bonds of this Loan may be freely bought, sold and mortgaged. They may also be used as official security and reserve funds of banks.

Article 12. Any person guilty of making conterfeit bonds of this Loan or committing acts detrimental to the credit of this Loan shall be punished by the judicial organs in accordance with law.

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