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such arrangements as may be necessary and usual for the redemption of
the number of Bonds specified, which, when duly redeemed after payment
by the Imperial Chinese Government of the proper amount due thereon,
shall be cancelled and delivered to the Viceroy.
All Bonds thus redeemed in excess of the amount specified in
the amortisation schedule hereto attached before the expiry of 25
years from the date of the Loan shall be paid for with a premium of
24% over their face value (i.e. £107. 10s will be required to pay for
£100) but after 25 years Bonds may be redeemed over and above the
amounts specified in the schedule without premium upon notice being
given in the manner above specified.
As soon as the Loan has been completely redeemed, this Agree-
ment shall become null and void and the mortgage shall be cancelled.
Article 17.
If, during construction, any proceeds of the sale of the
Bonds lying unused and bearing interest on their deposit whilst the
construction of the Railway is going on, such interest is to be
credited to the general account of the Railway in order that the
Railway may enjoy the full advantage thereof.
It is also agreed that if the Corporation shall think it
expedient before the sale of any of the Bonds to advance any money
for the work, such advances, together with the interest thereon not
exceeding a charge of 8% per annum, shall be deducted from the pro-
ceeds of the sale of the Bonds.
Article 18.
The junction of the sections of the Railway from Canton to
the boundary of the Kowloon leased territory under British control
and from the said boundary to the port of Kowloon respectively, and
the subsequent joint working of the two sections, shall be arranged
by agreement between the Viceroy of Canton and the Governor of Hong
Kong.
Article 19.