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in the open market at the lowest rate obtainable, it being understood that all such materials shall be of good and satisfactory quality. At equal rates and qualities, goods of British manufacture shall be given preference over other goods of foreign origin. Invoices and inspector's certificates are to be submitted to the Viceroy.
With a view to encouraging Chinese industries, Chinese Government and other materials are to be pre- ferred, provided price and quality are suitable.
Tientsin-Pukow Railway.
Agreement of January 13, 1908 (Deutsch-Asiatische Bank
and Chinese Central Railways Ltd.).
Article XVIII.
For the Northern and Southern sections of the Railway respectively the Deutsch-Asiatische Bank and the Chinese Central Railways Limited will act as Agents of the Railway Administration during construction for the purchase of all materials, plant and goods required to be imported from abroad. For all important purchase of such materials, tenders shall be called for by the Managing Director; in the case of all tenders, indents and orders for the importation of goods and materials from abroad, the said Agents shall purchase the material required on the terms most advantageous to the Railway, and shall charge the original net cost of the same plus a commission of five per cent.
The Deutsch-Asiatische Bank and the Chinese Central Railways Limited as Agents within their respective sec. tions, shall be prepared to superintend the purchase of all foreign materials required for the construction and equipment of the Railway, which shall be purchased in the open market at the lowest rate obtainable, it being understood that all such materials shall be of good and satisfactory quality, and that the Railway Administra- tion shall have the right to reject on arrival in Chine materials which do not come up to specifications. At equal rates and qualities goods of German and British manufacture shall be given preference over other goods of foreign origin for the Northern and Southern section: respectively. The Railway Administration reserves the right, while paying the above stipulated commission to the said Agents in respect of all purchases of foreign materials, to avail itself of the services of ther agents in China or abroad should it see fit to do so.
ith a view to the encouragement of Chinese in- dustries, preference will be given, at equal prices and qualities, over British, German or other foreign goods, to Chinese materials and goods manufactured in China.
These terms were repeated in the supplementary loan agree-
ment of September 28, 1910.
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