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and preservation in its office in Hongkong, and for the purpose of
establishing the first mortgage security until the time when the same
are to be returned to the Railway Administration as hereinafter in
this Article provided.
All lands the title deeds of which are lodged with the Corporation
as part of the first mortgage security of the Loan shall not be disposed
of in any way by hire lease or sale to any party for any purpose what-
ever without the written consent of the Railway Administration,
except only in the case of default by the Chinese Government to pay
the interest or principal of the Bonds and then in accordance with the
powers in the deed of mortgage and subject to the Working Agree-
ment the lands thus bought whether from Chinese or British advances
shall be free from all entanglements arising from the removal of
graves or from prejudices of" fengshui," and shall be conveyed by
full and sufficient deeds of assignment according to Chinese Law, all
of which are to be kept and recorded in the Hongkong office of the
Corporation, and are to be held by it as a first mortgage security for
the Bonds under the provisions of this Agreement until such time as
principal and interest of the Bonds together with all indebtednesst
shall have been paid off, when the same shall then be returned to the
Railway Administration, except only in case of default and realization
under the powers of the mortgage security,
For the proper protection of the first mortgage security the
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