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interest on the Bonds is not paid on any date thereof or if the principal of the Loan be not paid in accordance with the amortization schedule hereto attached, the whole Railway with all its appurtenances herein mortgaged to the Corporation for the bond-holders shall be handed over to the Corporation to be dealt with by it according to law in such manner as will ensure the proper protection of the interests of the bondholders provided however that if the failure to make payment at one date be due to causes beyond the control of the Chinese Government and if the Viceroy request the Corporation to postpone the taking over of the Railway for a reasonable period of grace, the question shall be amicably discussed and decided between the Viceroy and the Agent of the Corporation. When the whole Loan and the interest due thereon and all indebtedness shall have been paid off, the Railway with all its appurtenances in good working condition shall revert to the possession and management of the Chinese Government according to the provisions of this agreement.
Article 9.
As remuneration etc., the Corporation shall receive the sum of £35,000 half of which shall be paid when construction work begins and the other half upon completion of the line. This amount shall be regarded as a commutation of all commission to which the Corporation and its agents would properly be entitled, and of payment of all services rendered in the construction and equipment of the Railway.
By virtue of this payment the Viceroy is entitled to require the Corporation to superintend the purchase of all materials required for the equipment and construction of the Railway, which shall be purchased in the open market at the lowest price obtainable, it being understood that all such materials shall be of good and satisfactory quality. At equal rates and qualities goods of British manufacture shall be given preference over other goods of foreign origin. Invoice and Inspector's