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such finds shall be at the disposal of the Chinese Government to be used in such manner as the Viceroy may decide, provided always that after completion and opening of the line to traffic the amount sufficient for regular payments of interest and repayment of capital shall be deducted from such surplus funds, if any, and shall be deposited with the Hongkong & Shanghai Banking Corporation six months before the date at which such payments fall due.
In the event of there being no surplus funds available as aforesaid from the earnings of the railway, the amount required for payments of interest and repayments of principal shall be provided in accordance with the conditions of Article 14 hereinafter.
Article 12.
The Corporation are hereby appointed Trustees for the bondholders and in any future negotiations respecting these Loans or matters arising in connection therewith, which may take place between the Viceroy and the Corporation, the Corporation shall be taken as representing the bondholders, and are empowered to act on their behalf. As remuneration for its services and responsibility in thus acting as Trustees, the Corporation shall receive the sum of £1,000 per annum, such remuneration to commence from the date of issue of this Loan and to terminate upon its complete redemption.
Article 13.
All materials of any kind that are required for the construction and working of the railway or of any branch lines, whether imported from abroad or from the provinces to the scene of the work, shall be exempted from Likin so long as ...