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Annexure No. 5.
Map of the Kaiping Coal Basin.
[Not reproduced.]
Annexure No. 6.
Chang Yen Mao to Mr. C. A. Moreing.
Dear Sir,
Tien-tsin, September 20, 1899,
ON behalf of the Chinese Engineering and Mining Company I now hereby empower you to raise by way of a loan the sum of 200,000l. required—
1. For the construction of a pier at the new Treaty port of Ching-wang Tao, in the Province of Chihli; and
2. For the opening of a new colliery near the railway station of Kuyeh, on the Tien-tsin-Shanghae Railway line, in the Province of Chihli. The points on which the contract is to rest being as follows:-
(1.) The loan to be contracted for a term of fifteen years.
(2.) The interest on the capital borrowed not to exceed 10 per cent, per annum, and to be made payable at the end of each year.
(3.) The repayment of the capital and premiums to begin at the end of the sixth year by instalments of 20,000l. for capital for that year and each year following, and in addition the sum necessary for the premiums for the year as mentioned in the form of general mortgage bond annexed.
(4.) The works at the said pier of Ching-wang Tao and colliery near Kuyeh, and all expenditure connected therewith, to be under the joint control of the said C. Algernon Moreing and Gustav Detring, or their respective deputies.
(5.) The loans and premiums to be secured by the coalfields mining rights the plant and all the property acquired, or to be acquired, by the Chinese Engineering and Mining Company in connection with the collieries at Tang-shan, Linsi, Kuyeh, and the pier to be constructed at Ching-wang Tao, and all the other properties belonging to the Company mentioned in the form of bond annexed hereto until the capital, premiums, and interest for the loan shall have been liquidated in full. And I hereby authorize and empower you, the said C. Algernon Moreing, or any other person deputed by you, to sign and execute, in the name and on behalf of the Chinese Engineering and Mining Company, a general mortgage bond for the total amount of the loan and premiums in the form annexed hereto (the force and effect of which I clearly understand) or in such other form, or with such modifications as you may think fit, provided the above-mentioned terms are complied with. And I also authorize you, at the request of the parties arranging for the loan of the said sum of 200,000l., in addition to the said general mortgage bond, to sign special bonds securing the amount of the said loan and interest thereon at the rate in the said general mortgage bond named and the premiums on the said loan in such amounts of capital and premiums, and at such rates of interest as you may agree, and the said special bonds may be some for one amount of capital and premiums, and the other special bonds for other and different amounts of capital and premiums, and the rates of interest which the said special bonds may represent may be different rates and differing from one another. Provided always, that the total capital amount secured by the special bonds so signed by you shall not exceed the total amount of 200,000l; that the total amount of premiums secured by the said special bonds shall not exceed the total amount of premiums secured by the said general mortgage bond; that the total amount of interest represented by the said special bonds shall not exceed the total amount payable for interest under the said general mortgage bond; and that the Chinese Engineering and Mining Company shall not come under any obligation to repay the said special bonds at dates earlier, or for amounts greater, than those named in the said general mortgage bond, or at a greater premium. And I specially authorize you, as above named, to appoint a deputy to sign all or any of the said special bonds, and I declare that the authority given to the said deputy by you shall be binding on the Chinese Engineering and Mining Company notwithstanding
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your subsequent death or inability to act, and such special bonds may be in such language as you may deem advisable.
I remain, &c. (For the Chinese Engineering and Mining Company),
[Chinese writing here.]
Witnesses to the signature of Mr. Chang Yen Mao:
HERBERT C. HOOVER,
(Signed)
G. DETRING,
Before me, this 20th day of September, 1899.
(Signed)
H. KING,
His Britannic Majesty's Pro-Consul, Tien-tsin.
The Chinese Engineering and Mining Company of Tien-tsin, in the Province of Chihli, in the Empire of China.
General Mortgage Bond.
(To secure 200,000l. with interest at 10l. per cent. per annum, and premiums as hereinafter mentioned.)
1. The Chinese Engineering and Mining Company will, on
or on such earlier day as the capital sum hereby secured becomes payable in accordance with the conditions hereon pay to the bearer hereof the sum of 200,000l., together with the premiums hereinafter mentioned in sterling British gold coin, with interest in the meantime on the said sum of 200,000l., or on so much thereof as shall for the time being remain unpaid at the rate of 10l. per cent. per annum payable on the
in each year in sterling British coin.
2. This bond is the first charge on the following properties belonging to the Chinese Engineering and Mining Company (hereinafter called "The Company"), which properties the Company hereby mortgages and hypothecates to secure payment of the capital, premiums and interest payable under this bond :----
(a.) The Collieries Coal-field's mining rights, plant, and machinery at Tongshan and Linsi in the said Province of Chihli.
(b.) The Tien-tung Shan Silver Mines in the same province subject to the loan from the Imperial Government of China.
(c) Six steamers and the wharves at Tien-tsin, Tangku, Shanghae, and Hong Kong subject to the loans from the Deutsch Asiatische Bank.
(d.) Share interest in the Kien-ping Gold Mines.
(e.) Share interest in the Tangshan-Tien-tsin Railroad.
(F.) The Kuyeh Coal-fields property and plant in connection therewith to be
purchased by the Company out of this loan.
(g.) The pier buildings and works to be constructed by the Company at Ching-wang Tao out of this loan.
(h.) Any other property which may be bought by the Company out of the proceeds of this loan and of the Company's property mentioned under (g) and (a).
3. Annexed to this bond are fifteen coupons each providing for the payment of one year's interest, and such interest will be payable only on presentation and delivery of the coupon referring thereto.
4. If the Company's moneys hereby secured shall become payable before the the person presenting this bond for payment must surrender therewith the coupons representing subsequent interest.
5. The delivery to the Company of this bond and of each of the said coupons shall be a good discharge for the capital, moneys, premiums, and interest therein respectively specified.
6. The capital moneys hereby secured shall immediately become payable if the Company makes default for a period of six calendar months in the payment of any interest hereby secured, and the bearer hereof, before such interest is paid by notice in writing to the Company sent by post to the office of Messrs. Bewick, Moreing, and Co. in London calls in such capital moneys.
[2732 ƒ-2]