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It is understood that this Guarantee shall not exceed
the total cost of and incidental to the erection of such Waterworks
in the Colony of Macau in accordance with the Comesssionary
Contract entered into between the Sociedade de Abastecimento de
Aguas de Macau Limitada (a company incorporated under the laws
of Macau, and the whole of the Capital of which is owned by the
Macau Waterworks Co., Ltd.) and the Leal Senada da Camara de
Macau and dated the 15th day of July 1935, and advertised in the
Boletim Oficial of Macau of the 27th July 1935.
This Guarantee shall remain in force until all sums
advanced by way of Capital and loans to the Macau Waterworks Co.,
Ltd. for the erection of such Waterworks as aforesaid shall have
been repaid by that Company or in the alternative until a public
Company shall purchase the assets and business of the Macau
Waterworks Co., Ltd. and its subsidiary, the Sociedade de
Abastecimento de Aguas de Macau Limitada.
This Guarantee is given on the condition that so
long as the same is operative interest on loans shall not exceed
8% per annum and dividends declared must not exceed 10% on the
issued Capital for the time being of the Macau Waterworks Co., Ltd.
Dated the
day of
1935.
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