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Chinese Railways built with British Capital
Terms of Existing Contracts regarding purchase of material.
1. Peking Mukden Railway.
The loan agreement of October 10, 1898 regarding the
construction and financing of the Shanhaikuan-Newchwang
Branch contained no clause regarding purchase of materials
but the Additional Agreement of April 29, 1902 following
the handing over of the line by the British Military Authori-
ties contained the clause "all rolling stock, materials &c.
obtained from foreign countries shall as far as possible be
purchased by means of public tenders”.
2.
Shanghai-Nanking Railway.
Agreement of July 9, 1903 (British and Chinese Corporation
Ltd.)
3.
Article IX.
As remuneration for superintendence and services the Corporation shall receive 5 per cent., on the entire cost of all materials purchased for the Railway.
It is agreed that all materials required for the rail- way shall be purchased in the open market at the lowest price obtainable, but it is understood that all such materials shall be of good and satisfactory quality. In- voice and inspector's certificates are to be submitted to the Chinese Adminis tration.
With a view to encouraging Chinese industries Chinese materials are to be preferred, as also the products of the Han-yang Iron Works, provided price and quality are suitable.
Canton-Kowloon Railway.
Agreement of March 7, 1907. (British and Chinese Corpora-
tion Ltd.)
Article IX.
The Viceroy is entitled to require the Corporation (in return for an agreed commuted commission) to superin- tend the purchase of all materials required for the construc tion and equipment of the Railway, which shall be purchased
in..