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in such other financial centres as may be agreed upon with
the Chinese Minister four weeks previously to the day fixed for
redemption. At the expiration of the four weeks and on the day
fixed for the redemption, the Corporation shall cause the usual lots to
be drawn for the redemption of the Bonds or Certificates and shall pay
over the respective prices of the same to their respective holders, and
shall thus redeem the Bonds or net profit Certificates and cancel them,
and thereupon the same are to be delivered to the Director General,
or the Chinese Minister in London for return to the Director General.
All the Loan Bonds and the net profit Certificates shall express
that they are redeemable at any time on the conditions mentioned in
the preceding paragraph, and shall state that the payment of any
interest for the Bonds and the participation of any of the net profits
by the Certificates so drawn by lot entirely cease from the date
inentioned by the published notice of the Corporation. The amount
required for the redemption shall however have to be got ready and
placed in the hands of the Hongkong and Shanghai Banking
Corporation before such redemption is carried out.
The Loan Bonds if redeemed before 25 years from the date they
bear shall be paid for with a premium of two and a-half per cent. over
their face value (i.e. £102 10s. will be required to pay for £100) but
after 25 years from the date of issue to the expiry of the term of the
Loan the bonds may be redeemed without payment of any premium.
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