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in respect of telegraph receipts, the balance of Gross Receipts shall be divided between the British and Chinese Sections in proportion to the actual mileage of their Sections and each Section shall pay back therefrom its share of the Revenue Expenditure of the Railway in the proportion of the Ton Miles worked on its Section.

Carriage of Traffic.

25. No traffic shall be carried to the exclusion

of more profitable traffic on either Section: and no traffic shall be carried at a less cost than a slight margin of profit over the actual cost of haulage only, which shall be deemed to include the cost of fuel, engine and train staff, lubricating oils, and loading and unloading, if required. No traffic shall be carried at special rates unless senctioned by the Board of Control on the advice of the General Vanager that advantage will accrue therefrom to the railway.

Accounts.

26. The accounts of the Railway shall be kept in the English language and in Hongkong Currency, transcripts being made in the Chinese language. In case of dispute the English Accounts shall be held to be the correct accounts. The Chief Accountant shall be British appointed by the Board of Control. His Agreement shall conform to the usual practice and the conditions of service as laid down in the Code of Procedure.

the

27. In order to obviate differences that may

artse from fluctuations of exchange, all rates and fares shall be quoted in Hongkong Currency and in Chinese Currency, latter being given quarterly in accordance with the mean rate

of exchange prevailing in the previous quarter, and any loss or gain arising from such a method shall be shown in the accounts.

Connection with Hankow Neilway.

28.

Whereas by an Agreement between His

Excell ency

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