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will be collected by the Imperial Chinese Maritime Customs and the Superintendent of Imports and Exports of Hongkong under Regulations to be mutually agreed upon, under the following general
conditions :--
(a.) Dutiable goods leaving Kowloon for China by train stopping at no intermediate station in British Territory shall pay Chinese Customs Import Duty prior to departure. (6.) Dutiable goods arriving at Kowloon from China uncovered by Customs Documents shall pay Chinese Customs Export Duty and British Import Duty prior to release. (c) Dutiable goods leaving Kowloon or any intermediate station in British Territory by train stopping at intermediate stations may pay Chinese Import Duty either at Kow- loon or at the Chinese frontier Station at Shum Chun.
(.) Dutiable goods leaving Shum Chun for intermediate stations in British Territory not covered by Customs Documents shall pay Chinese Export Duty and British Import Duty at Shum Chun.
(e.) Dutiable goods carried from any station on the British Section of the Railway to any station in China and goods taking out transit documents from the office of the Imperial Maritime Customs in Hongkong, shall pay according to the Revised Import Tariff of China of 1902, or future revisions thereof and such payment of Import Duty and transit due (if any) shall free the goods to place of destination.
(7.) Dutiable goods carried from any station in China on the Railway to any station on the British Section of the Railway and goods taking out transit documents for export from China shall pay according to the export Tariff of the Treaty of 1858 or future revisions thereof and such payment shall free the goods to place of destination on the railway, as far as Chinese duties are concerned.
8
Schedule E.
LOAN AGREEMENT.
Agreement between the Wai-wu-pu ( Board of Foregin Affairs of the Chinese Government) and the British and Chinese Corporation, Limited, for the Issue and Regulatim of a Loan for the Construction of a Railway from the City of Canton to the Boundary of the Kowloon Leased Territory under British Control, (hereinafter called the Railway),
THIS AGREEMENT is made at Peking on the Twenty-third day of the first month of the thirty-
third
year
of Kwang Hsu, corresponding to the seventh day of March, 1907, and the contracting parties are:-
The WAI-WU-PU acting under the authority of an Imperial Decree, of the one part, and the BRITISH AND CHINESE CORPORATION, LIMITED, (hereinafter called the COR- PORATION) of the other part.
WHEREAS a preliminary agreement was made on the 28th March, 1899, between II. E. Sheng, Director General of the Imperial Chinese Railway Administration acting under the authority of the Tsung-Li Yamen, of the one part, and the British firm of Jardine, Matheson and Company, for themselves and on behalf of the Hongkong and Shanghai Banking Corporation, representing as Joint Agents the CORPORATION, of the other part, and it was part of the objects thereof that the terms another preliminary agreement signed by the same contracting parties on the 13th May, 1898, should be thereby adopted as a preliminary agreement for the construction and working of a Railway from the city of Canton to the boundary of the Kowloon leased territory under British control, subject, however, as far as might be practicable, to the terms and conditions thereafter agreed to in the final contract for the Shanghai-Nanking Railway when signed and ratified.
Now it is hereby agreed by and between the parties hereto as follows:-
Article 1.
The Corporation agrees to issue, on behalf of the Imperial Chinese Government, a sterling loan hereinafter referred to as "the Loan") for the amount of £1,500,000 on the terms and conditions ereinafter contained. Imperial Chinese Government Bonds are to be issued for the entire amount, milar to the Bonds of the Shanghai-Nanking Railway, with the Railway as first mortgage security