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fixed in the Table stipulated in Article XI of the present Convention, which ever be the route followed, shall be
carried to a Joint Purse account and divided between the
Contracting Parties in the following proportion viz.
One-third to the Administration, one-third to each of the two Companies, provided always that each of the Contracting Parties shall bear its own working expenses.
2. Considering this division of revenue the Administrat- ion undertakes to levy no additional terminal charge for telegrams specified in Section I of Article I of the present Convention, forwarded viz the cables of the Companies. This also applies to the same telegrams transmitted by the existing route via Saigon-Moulmein, as defined in the Table stipulated in Article II of the present Convention.
3. The Administration, as well as the Companies, shall maintain their sections of the routes mentioned in Article I of the present Convention in good condition.
III. The Companies renounce the special charges hitherto levied on their telegraph lines by land and sea between the Kowloon boundary and Hongkong, in accordance with the Agreement dated the 21st January, 1884, between the Administration and the Eastern Extension, Australasia, and China Telegraph Company (Limited) and the Administration renounces the special charges hitherto levied on their telegraph lines by land and sea between Woosung and Shanghai and between Sharp Peak and Foochow, in accordance with the Agreement dated the 19th May, 1883, between the Administrat- ion and the Great Northern Telegraph Co. of Copenhagen, and in accordance with agreement dated the 7th May, 1883, and the 17th October 1884, between the Administration and the Eastern Extension, Australasia, and China Telegraph Co.
(Limited).
IV. 1. The collection of the charges mentioned in Article I of the present Convention shall take place at
the same rate of exchange of the coin in which the charges
are