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TRANSLATION
GOVERNMENT GAZETTE OF NOVEMBER 18th 1929.
Regulations of the Canton Hankow Railway redemption Bonds
(Kwangtung Section) issued by The Hinistry of Railways.
1.
2.
3.
4.
5.
6.
7.
8.
In order to redeem the private stook of the Danton-Hankow Railway
Co. (Kwangtung Section), The Ministry of Railways decides to issue
the Canton-Hankow Railway redemption Bonds.
The total amount of the Bonds shall not exceed $20,000,000 (National
Currency).
The bonds shall be exclusively used for the redemption of the privat
stook of The Canton-Hankow Railway Co. but not for the government
stock. Every five Canton dollars of the above-mentioned private
stock are to be exchanged for Bonds of $4.00 national currency.
The bonds shall be issued on 1st January 1930.
The bonds shall bear interest at 2ƒ p.a. payable on 30th June and
31st December.
The reimbursement of the Bonds and coupons shall be made from the
Surplus Fund of The danton-Hankow Railway (Kwang tung Section) and
it is required to deposit the necessary fund as stated in the Table
of Instalments with the Central Bank of China for payment of drawn
bonds and matured coupons.
From the first year of the issuing of the Bonds up to the end
of the fifth year, the coupons only are payable.
by annual drawing
The principals of
the Bonds shall be redeemed from the sixth year of $1,000,000 each
year until the whole amount is fully paid.
After the issuing of the Bonds, the Sinking Fund Committee shall
be responsible to keep the funds in safe custody and to supervise
the payment of Bonda and coupons.
The said committee is to consist
of seven members as below, the organisation constitution of the
Committee shall be published separately.
Two from the Ministry of Railways.
Two from the Bondholders
Two from the Local Chamber of Commerce
One from the Auditing Bureau.
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