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necessary, in payment for lands which are essential to the Railway
and which cannot otherwise be conveniently acquired by it.
The net yearly income or profits of the Railway shall be the gross
income receivable, whether under the Working Agreement or otherwise,
after payment as provided for by the Working Agreement, of all
working expenses, cost of maintaining and repairing the Railway,
renovating or replenishment of engines and rolling stock, and all
expenditure comected with the business of the Railway, including
the commission to the Corporation on materials, and after the
payment of interest on the Bonds at five per cent. per annum
and of interest on all advances made by the Corporation,
of which net income or profits one-fifth is to be represented
by the Certificates to be given to the Corporation for disposal as it
may see fit.
If the Loan Bonds shall have been all redeemed
according to the provisions of this Agreement before the net profit
Certificates issued to the Corporation have been redeemed, or shall
have lapsed by effluxion of time, the Corporation shall be permitted
to have a representative in the Railway office (whose salary is to be
paid by the Railway Administration) to inspect the accounts of the
Railway, whether as kept under the Working Agreement or otherwise.
The duties of this officer are those of au accountant who is to
protect the interests of the foreign holders of net profit Certificates
until such time as these Certificates shall have all been redeemed or