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instalments shall be calculated so as to cover repay-

ment of the capital of £500,000 and interest from the

date of the payment of the last (4th) instalment of

£50,000 mentioned in Article 3 plus interest at the rate

of 5 per cent per annum on the £300,000 and the follow-

ing 3 instalments of £50,000 each, mentioned in Article

3 of this agreement, from the dates of their respective

payment to the Yuchuanpu by the Companies until the date,

on which the last (4th) instalment of £50,000 shall

have been paid. The first of these half yearly instal-.

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ments shall be paid

.after the last

instalment of £50,000 mentioned in Article 3 shall have

been paid by the Companies to the Yuchuanpu and the

last of the half yearly instalments shall be paid not

later than the 31st December 1930. Such payments shall

be made in sterling or its equivalent at a Bank desig-

nated by the Companies in London or at Shanghai and in-

as much as the amortisation of the loan and interest

has been calculated on the basis of punctual payment

of the instalments it is agreed that in case of delay

from any unforeseen cause in the payment of my instal-

ment

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