23
Alternative Clause 32.
ali
32(1) All through fares for passengers specified in Schedule A and through rates for goods traffic as defined in Articles 14 and 15 and all through rates for carriage of dogs, horses, passengers' baggage and railway parcels and all joint-sectional fares and rates which have been or may hereafter be agreed upon for competitive purposes between stations on the British Section on the one hand and Sheklung of Canton or stations intermediate between Sheklung and Canton on the other hand, shall be deemed to be stated in Hongkong legal tender.
(2.) In the joint-sectional fares and rates schedules for use on the British Section each of the fares and rates shall be stated in Hongkong legal tender and shall be the sum of the sectional fare or rate on the British Section and the sectional fare or rate on the Chinese Section, the sectional fare or rate on the Chinese Section being converted into Hongkong legal tender at a rate to be ascertained from time to time as hereinafter provided.
(3.) In the joint-sectional fares and rates schedules for use on the Chinese Section cach of the fares and rates shall be stated in Chinese currency and shall be the sum of the sectional fare or rate on the Chinese Section and the sectional fare or rate on the British Secto, the sectional fare or rate on the British Section being converted into Chinese currency at a rate to be ascertained from to time as hereinafter provided.
(4.) The rate referred to in sub-clauses (2) aud (3) of this Article shall until the 30th of June, 1912, be the mean difference in exchange between Hongkong legal tender and Chinese currency during the six months preceding the 15th of September, 1911, and thereafter shall be the mean difference in exchange between Hongkong legal tender and Chinese currency during the six mouths for the pre precoding the date on which the new rate in come into effent. A new rate shall, if necessitated by fluctuations in exchange, come into effect on the 1st of July and the 1st of Jan of each year.
Tach
Regrest
(5.) Whatever balance is found to be due by one Section to the other on the month's working shall be paid in the form of a cheque payable in Hongkong legal tender. Any necessary conversions from Hongkong legal tender into Chinese currency shall be made at the rate at which the collection was made.
Calendar!
(6) Whenever it can be shown that a loss has been incurred by either
Section owing to the acceptance of subsidiary coins on account of
through bookings, such loss shall be borne by each Section in the
proportion of the amounts due from through bookings to each Section. (7) This Article may be modified at anytime by agreement between
the Administrations of the two Sections.