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Annexure No. 9.
The Chinese Engineering and Mining Company of Tien-tsin, in the Province of Chihli,
in the Empire of China.
General Mortgage Bond.
(To secure 200,0007, with interest at 107. 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 200,000 together with the premiums hereinafter mentioned in sterling British gold coin with interest in the meantime on the said sum of 200,0004, or on so much thereof as shall, for the time being, remain unpaid at the rate of 10 per cent. per annum, payable on the in each year in sterling British coin.
2. This bond is a 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 interests payable under this bond.
(a.) The collieries, coal-fields, mining rights, plant and machinery at Tangshan and Linsi in the said Province of Chihli.
(6.) 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, Shanghai, and Hong Kong
subject to the loan from the Deutsche-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 there with to be purchased by the Company out of his loan.
(9.) 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.
coupons
shall
5. The delivery to the Company of this bond and of each of the said 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 beater hereof before such interest is paid by notice in writing to the Company sent by post to the office of Messrs. Bewick, Morcing, and Co., in London calls in such capital moneys.
7. Twenty thousand pounds part of, the capital sum of 200,000% secured by this bond will be redeemed by the Company on the 31st day of December,
and a similar amount on each succeeding
until the whole of the said capital sum of 200,0001 shall have been redeemed or paid off. And the Company will at the same time as every such payment of 20,0007, of capital is made, pay in addition thereto to the bearer of this bond the following premiums on the said sum of 20,0001. namely, a premimm of 201. per cent. thereon on the first date, 181. per cent. thereon on the second date, 161. per cent, thereon on the third date, 144. per cent. thereon ou the fourth date, 121. per cent. thereon on the fifth date, 107. per cent, thereon on the sixth date, 81. per cent. thereon on the seventh date, 6. per cent. thereon on the eighth date, 47. per cent. thereon on the ninth date, and 21. per cent. thereon on the tenth date. 8. The capital sum of 200,0001, interest and premiums secured by this bond is also represented by special bonds for different capital amounts, and at different rates of
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interest, and falling due at different dates the particulars of which special bonds will be indorsed upon the back thereof, and upon payment of the principal moneys, premium and interest secured by the said special bonds of the Company shall be relieved of obligation to pay the corresponding amounts of the capital sum of 200,000l. premium or interest. A represented by this bond.
9. The proceeds of this loan are to be applied by the Company under the joint supervision and control of Messrs. Bewick, Moreing and Co., of London, and Gustav Detring of Tien-tsin or their respective deputies in the construction of a pier at the new Treaty port of Ching-wang Tao in the Province of Chihli, and in the acquisition and opening up of a new colliery near the railway station of Kuyeh on the Tien-tsin- Shanhaikwan Railway line in the Provinceof Chihli or such other colliery as may be approved by the said Bewick, Moreing and Co., and Gustav Detring, and such pier and collieries are to be under the management of the said Bewick, Moreing and Co. and Gustav Detring during the continuance of this security.
10. All payments of principal, premiums and interest will be at the office of The Railway Share Trust and Agency Company (Limited), in London.
[Chinese writing here.]
Witnesses to the signature of Mr. Chang Yen Mow.
(Signed) HERBERT C. HOOVER.
G. DETRING,
Before me, this 20th day of September, 1899.
(Signed)
H. KING,
His Britannic Majesty's Pro-Consul, Tien-tsin.
Annexure No. 10.
Chang Yi's Memorial to the Throne on the 26th day, 5th moon, 27th year of Kuang Hsü (June 22, 1901). (Translation.)
A MEMORIAL about adding foreign capital to the Chinese Engineering and Mining Company, and changing it into a Chinese and foreign co-operative limited liability Company, with the object of protecting its interests and securing the capital which. our merchants have put into it.
I RESPECTFULLY beg to lay before you, in a reverent Memorial, how this was carried into effect, and beseech your sacred glance thereon.
With regard to the Chinese Engineering and Mining Company, I find that formerly in the 4th year of Kwang Hsu, the probationery Taotai of Fukien Province, Tang Tang-shu, petitioned asking that, following the Company laws of western nations, he might collect merchant capital for extracting bituminous coal at Tongshan, as a supply for the Peiyang squadron, the arsenals, and for any Government use, thus doing away with a drain on China's resources and opening up fresh springs of wealth. At that time Li Hun-chang, during his first term of office as the Superintendent of Northern Trade, examined the scheme and he sanctioned its being given a trial. At the same time he memorialized the Throne requesting that, following the precedent of the Hupei and Taiwan cases, a fall duty on exports and a half duty on reimport should be paid. He received the Imperial Decree Let it be as recommended," and ordered Tang to reverently obey. All this is on record. In the 18th year of Kwang Hsu the said Tang Tuotai died, and 1, a Kiangsu expectant Taotai, was appointed to take over charge of the affairs of the Company. I find that ever since the Company began operations its capital has not been sufficient, being exhausted by the ever recurring demands of the various undertakings. I can only do my best to seek means to carry on the business. I would submit that in working mines the three most essential conditions are production, consumption, and transportation. I first of all sank additional shafts to insure that the production would not fall short; secondly, I opened up new centres of consumption in order that this source of profit might be freely extended; in addition to the above, I bought steamers and constructed wharves to facilitate the transport of our stocks of coal and to avoid delay. During these many years everything has gradually been put right.
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