578
3.
4.
4.
The Joint Railway to be operated and controlled by a joint Board of Management consisting of ... Members, of which ... shall be appointed by the Colonial Government, ... by the British and Chinese Corporation, and ... by the Chinese Government, the duties, powers and remuneration of the Joint Board of Management to be specified in the Agreement and be subject to modification by the Chinese Government and the Colonial Government by Agreement.
When all the Bonds and Net profit Certificates have been redeemed the right of the British and Chinese Corporation to appoint Representatives on the Joint Board of Management to cease and the number of Members constituting that Board to be reduced accordingly.
On the Agreement for the connection and working of the Joint Railway becoming operative the powers and duties of the Board of Commissioners to be constituted under Article 6 of the Loan Agreement to be suspended, except for the purpose of receiving and dealing with the share of net revenue to which the Chinese Railway may be entitled and which after providing for the service of the Loan shall be appropriated as provided in Article 12 of the Loan Agreement.