!
T 0---CHINA,
COPY---0 F--AGREEMENT-F 0 R-LOAN
C.O.
COMMON LY———K_N © ▼ N~———~A S—— 6675
"NORTHERN--RAILWAY S--L 0 A N-~-1 8 9 818 R
24 FEB 06
78
+
This Agreement is made between His Excellency HU, Governor” of
Peking, as Administrator-General of the Railways of North China
within & without Shan-hai-kwan, acting under the authority of the
Imperial Chinese Government, hereinafter called the *Administrat-
-or-General of the one part, and the Hongkong & Shanghai Banking
Corporation, for themselves and on behalf of the British firm of
Jardine Matheson & Co, representing as joint agents the British
& Chinese Corporation (Limited), hereinafter called " the Corpor-
-ation" of the other part;·
WHEREAS, on the 7th day of June 1898, being the 19th day of the
4th month of the 24th year of the Emperor Kwang-Hsu, a preliminary
Agreement was signed at Peking between the Administrator-General
and the Hongkong & Shanghai Banking Corporation, representing a
British Syndicate, for a sterling loan for the equivalent of
about 16,000,000 taels for the construction of a railway line
from Chung-hou-so to Hsin-ming-t'ing and a branch line to Yingtsu
and for the redemption of existing loans made to the Tientsin-
Shan-hai-kwan & Tientsin-Lucouchiao Railway lines; and
WHEREAS in terms of the preliminary Agreement a period of three
months from its date was allowed to the Syndicate to accept or
decline its conditions; and
WHEREAS the Hongkong & Shanghai Banking Corporation, before the
expiration of the period named, duly notified the Administrator-
General that it prepared, with certain modifications, to
arrange the issue of the loan upon the conditions named in the
preliminary Agreement;
It is now agreed as follows;
I. The Corporation agrees to issue on behalf of the Administrator
General a sterling loan for the amount of £2.300.000, the proceeds
of which are to be applied in the order following;
(I) To the redemption forthwith or at maturity of the loans
and advances specified in the statement attached to this