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There shall also, in order to comply with the Working Agreement,
be established in connection with the Railway such necessary
adjuncts of modern railway operation as repair and manufacturing
shops, warehouses, etc.
ARTICLE 12.
It is agreed that of the net income or profit receivable by the
Chinese Government under the Working Agreement or in any other
way from the working of the Railway after defraying the working
and other expenses and interest as described below, the Corporation
shall receive twenty per cent, which shall be represented by and in
form of Certificates having a nominal capital value of one-fifth of the
nominal amount of the loan issued to provide for the construction
equipment and working of the Railway and all incidental
matters as provided in this Agreement. Such Certificates will entitle
the holders to participate rateably in such twenty per cent. These
Certificates carry no interest, and are to have a term of fifty years
and a declared face value of £100 each, and are to be issued to the
Corporation or its nominees at the same time as the Loan Bonds
and in amount proportionate to the respective series of such Bonds
to the amount of one-fifth of the aggregate nominal amount thereof, it
being understood that if there is an issue of the Loan Bonds in
excess of the requirements of the Railway and such excess is retired