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Chinese Government will provide protection for the Railway while under construction or when in operation, and all the properties of the railway, as well as all Chinese and foreigners employed thereon, are to enjoy the utmost protection of the local officials,

The railway may maintain a force of Chinese police with Chinese officers, their wages and maintenance to be wholly defrayed as part of the cost of the construction of the railway. In the event of the railway requiring further protection by the military forces of the Imperial or Provincial Government the same will be duly applied for by the Head Office and promptly afforded, it being understood that such military forces shall be maintained at the expense of the Government or the Province.

Article 11.

All receipts and earnings of the railway shall be regularly paid into the Railway's account with the Hongkong & Shanghai Banking Corporation and on such funds, whether on daily balance or in fixed deposit, the Bank's usual rate of interest, shall be allowed.

All expenses of working and maintaining the line shall be paid from the receipts and earnings and any remainder there shall be charged with the service of the Loan. If, after payment of these expenses and making due provision for payment of interest at 5% per annum on the Bonds, and for repayments of principal due in accordance with the amortisation schedule hereto attached, there remain surplus funds unappropriated and properly available for other purposes, such

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