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the balance will be net profit, to be divided in proportion to the actual cost incurred on the respective Chinese & British
Note.
Cost of Land and commiss.ons not to be
sections.
included in the actual cost, each Government undertaking to find
the land etc.
000
TERK OF AGREEMENT.
C
The Agreement to continue for 55 years from the Railway being first open for traffic.
000
A
MATERIAL FREE OF DUTY.
All material required for the construction and working of
the Hongkong section of its branches to be exerpt from Hongkong Customs Duties should any such duty be hereafter imposed.
000
COMPETING RAILWAYS.
Neither Government shall allow any Railway or other system
of carriage of passengers and goods in the territory of such
Government which competes with or prejudicially affects the
railway or either section thereof.
000
FIXED RATE OF EXCHANGE.
There shall be a fixed rate of exchange for all purposes
connected with the railway and financial matters relating
thereto between the two Goverments, such rate to be fixed by
the Foard at the beginning of each financial year on the basis
of the average rate ruling during the preceding six months.