:
remitted, the Chinese Government will duly 90
appoint a Foard of Trustees which will include
a certain number of British members.
3. In view of the urgent necessity, in
connexion with the reconstruction and develop-
ment of China, of the reconditioning of the
existing Chinese Government railways in the
first instance, the Chinese Government will
take the necessary steps to invest the accumu~
lated funds now on deposit and the instalments
due for payment shortly in rehabilitation of
the said railways, especially those lines in
which British financial interest has been
particularly concerned, to which lines
attention will first be given. If funds
permit, the urgently necessary work in
connexion with the conservancy of the Hopel
rivers and the Huai river will similarly be
financed out of the monies in question.
4. With regard to the rehabilitating and
building of railways from the Indemnity funds
remitted or from loans secured on the said
funds/