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bereunto annexed, lines of telegraphic cables to be carried direct to Cape St. James, Labuan, Singapore, Macao, Manila and Foochow respectively, and to be there landed for the purpose of transmitting telegrams between Kowloon or Hong Kong (as the case may be) and those places and places beyond in either direction.
TO HAVE AND TO HOLD the said licence hereby granted unto the Company until the 31st day of December, 1924.
YIELDING AND PAYING therefor during the said term unto the Governor the yearly rent of one pound, in respect of each of the said eight cables to be paid to the Governor on the 1st day of January in every year, the first payment (being due on the 1st day of January, 1920), to be made as soon as this Indenture is signed by the Company.
Subject always in respect of each and all of the said cables to all the conditions laid down in respect of a cable from Hong Kong to Singapore in the Licence dated the 8th day of August, 1913, as modified by the under- mentioned conditions (Articles 1 and 2 whereof to be substituted for Articles 8 and 9 of that Licence) :-
1. (1) The Company will from time to time furnish to the Postmaster-General at his request all such informa tion as to the rates of charge for telegrams, the extent and condition of their business, and their income and expendi- ture, and their financial position, as the Postmaster- General may from time to time reasonably require, having regard to the ordinary staff and administrative capacity of the Company. Provided that such informa-
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tion shall (except for the purposes of this Agreement and such determination of differences as hereinafter mentioned) be treated as strictly private, and shall be in no way pubished or publicly made use of (except as last aforesaid) without the consent of the Company.
(2) The Company shall not at any time, without the consent in writing of the Postmaster-General, directly or indirectly increase the rates of charge for telegrams at present in force, except by such an amount as shall be necessary to cover any amount by which their outpay- ments in respect of telegrams to other Administrations and Telegraph Companies (except any of the Eastern and Associated Companies) shall be increased after the date of this licence. The above expression "The Eastern and Associated Companies" means the Eastern Tele- graph Company, Limited, the Eastern Extension Australasia and China Telegraph Company, Limited, the Eastern and South African Telegraph Company, Limited, the West African Telegraph Company, Limited, the Europe and Azores Telegraph Company, Limited, the African Direct Telegraph Company, Limited, and La Société Anonyme Belge des Câbles Télégraphiques.
(3) If the Postmaster-General shall refuse to consent to any increase in the rates of charge, the difference between the Postmaster-General and the Company shall stand referred to the Railway and Canal Commission. who in determining such difference shall consider whether any increase in the rates of charge is just and reasonable.
(4) The Postmaster-General may at any time by notice in writing delivered to the Company object to the
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