448
: Viceroy or by the Chinese Minister in London and the Corporation, as soon as possible after the signature of this agreement, but if, hereafter, the money markets in London or other countries require any modification of the form of the Bond, except in anything that affects the amount of the Loan and the liability of the Chinese Government, which are not to be touched at all, such slight modifications may be made to meet the views of the money markets by the Corporation in consultation with the Chinese Minister in London.
Any modifications are to be reported at once by the Corporation to the Viceroy for the approval of the Wei Wu Pu.
The Bonds are to be engraved entirely in the English language and shall bear the facsimile of the signature of the Viceroy and of his seal of office, in order to dispense with the necessity of signing previous to them all in person, but the Chinese Minister in London shall, prior to the issue of the Bonds, put his seal upon each Bond with the facsimile of his signature, as a proof that the issue and sale of the Bonds are duly authorised and binding upon the Chinese Government.
Such Bonds are to be numbered consecutively, and as many Bonds as may be needed are to be properly engraved under the supervision of the Corporation and after they are sealed by the Chinese Minister in London, as hereintofore provided, are to be countersigned by the Corporation.
All expenses for the engraving, safe deposit, and sale of the Bonds, are to be borne by the Corporation.
Article 5.
When the work of construction is ready to begin, the Viceroy will establish a Head Office at Canton for the construction and management of the railway. This Office will be under the direction of a Chinese Managing Director (appointed by the Viceroy) with whom will be associated a British Engineer-in-Chief, and a British Chief Accountant. These British employees shall be proposed and certified as competent for their posts, by the Corporation, and shall be approved by the Viceroy; if their service should prove unsatisfactory to the Viceroy