CO129-325 - Public Offices & Others - 1904 — Page 421

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

9. The Government shall have the right at any time after a period of ... years from the date hereof to purchase and take over the Railway with the rolling stock, plant, stores and materials and everything connected therewith including the Telegraph and all current contracts and engagements of the Railway Company indemnifying the Railway Company against all liabilities upon giving twelve calendar months previous notice in writing to the Railway Company in London of its intention so to do.

10. The price to be paid by the Government to the Railway Company for such purchase of the Railway, its property, effects and telegraph shall be a sum in cash sterling equal to the amount of the Railway Company's issued capital, debentures and other securities plus the amount of any reserve funds accumulated out of the profits of working the Railway or otherwise on the date of the expiration of such 12 months' notice, first giving credit to the Government for their proportion on that date of the balance of any reserve funds which shall have been created out of the Government's portion of the profits of working the Railway. As a further consideration for such purchase the Government shall also pay to the Railway Company a sum equal to ... times the whole average annual net profits of working the Railway for the three years actually preceding the completion of such purchase, provided always that such last mentioned sum shall not in any event be more than ... per cent. of the total amount of the Railway Company's issued capital, debentures and other securities. Such cash payments to carry interest against the Government at the rate of 7 per cent. per annum from the date on which the purchase shall take effect, and upon payment thereof in full the Railway Company shall be bound to give up possession of the purchased property to the Government.

amount to

2052

(

DRAFT.

13052-

Anit

HongKong

Wo Keswich Eight hud. Borthern

Sir,

Surrey

MINUTE.

Zur

418

co.

3 sdday April, 1944

Lytteltor has had

under consideration the

draft proposal of The

Sir M. Nathan 26 Akil British & Chinese Corporation

Mr.

Mr. Antrobus.

Mr. Cox.

Mr. Lucas.

Mr. Graham.

Sir M. Ommanney. 26

The Duke of Marlborough,

Mr. Lyttelton. 30-

26 Apil

+ Limited "

scheme from

Anod 19415

railway

Kowth.

to Cartons which you

were good enough to have at this office thetho and subsequently

to discuss with

Sir M. Nathan

pist !!

on the 14th

2. The droste proport contemplates the surrender to the Chinese Government of the advantages that thi Corporation obtained by their agreement with that government

Edit History

2026-06-02 02:42:07 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

Live

View comparison

AI Proofread

Company's surplus net profits derived from working the Railway in each year all expenses and outgoings of all kinds having been paid, including the Railway Company's administration expenses, and after payment of all interest on Mortgages, Debentures, or other borrowed money, all dividends on Preference Shares and Stock, and of annual cumulative dividends of ... per cent. on the paid-up ordinary capital of the Railway Company for the time being issued and entitled to dividend. 9. The Government shall have the right at any time after a period of ... years from the date hereof to purchase and take over the Railway with the rolling stock, plant, stores and materials and everything connected therewith including the Telegraph and all current contracts and engagements of the Railway Company indemnifying the Railway Company against all liabilities upon giving twelve calendar months previous notice in writing to the Railway Company in London of its intention so to do. 10. The price to be paid by the Government to the Railway Company for such purchase of the Railway, its property, effects and telegraph shall be a sum in cash sterling equal to the amount of the Railway Company's issued capital, debentures and other securities plus the amount of any reserve funds accumulated out of the profits of working the Railway or otherwise on the date of the expiration of such 12 months' notice, first giving credit to the Government for their proportion on that date of the balance of any reserve funds which shall have been created out of the Government's portion of the profits of working the Railway. As a further consideration for such purchase the Government shall also pay to the Railway Company a sum equal to ... times the whole average annual net profits of working the Railway for the three years actually preceding the completion of such purchase, provided always that such last mentioned sum shall not in any event be more than ... per cent. of the total amount of the Railway Company's issued capital, debentures and other securities. Such cash payments to carry interest against the Government at the rate of 7 per cent. per annum from the date on which the purchase shall take effect, and upon payment thereof in full the Railway Company shall be bound to give up possession of the purchased property to the Government. amount to 2052 ( DRAFT. MO 13052- 04 Anit HongKong Wo Keswich Eight hud. Borthern Sir, Surrey MINUTE. Zur 418 co. 3 sdday April, 1944 Lytteltor has had under consideration the draft proposal of The Sir M. Nathan 26 Akil British & Chinese Corporation Mr. Mr. Antrobus. Mr. Cox. Mr. Lucas. Mr. Graham. 26 Sir M. Ommanney. 26 The Duke of Marlborough, Mr. Lyttelton. 30- 26 Apil + Limited " scheme from Anod 19415 railway Kowth. to Cartons which you were good enough to have at this office thetho and subsequently to discuss with A Sir M. Nathan pist !! on the 14th 2. The droste proport contemplates the surrender to the Chinese Government of the advantages that thi Corporation obtained by their agreement with that government

Baseline (Original)

Company's surplus net profits derived from working the Railway in each year all expenses and outgoings of all kinds having been paid, including the Railway Company's administration expenses, and after payment of all interest on Mortgages, Debentures, or other borrowed money, all dividends on Preference Shares and Stock, and of annual cumulative dividends of per cent. on the paid-up ordinary capital of the Railway Company for the time being issued and entitled to dividend. 9. The Government shall have the right at any time after a period of years from the date hereof to purchase and take over the Railway with the rolling stock, plant, stores and materials and everything connected therewith including the Telegraph and all current contracts and engagements of the Railway Company in- demnifying the Railway Company against all liabilities upon giving twelve calendar months previous notice in writing to the Railway Company in London of its intention so to do. 10. The price to be paid by the Government to the Railway Company for such purchase of the Railway, its property, effects and telegraph shall be a sum in cash sterling equal to the amount, of the Railway Company's issued capital, debentures and other securities plus the amount of any reserve funds accumulated out of the profits of working the Railway or otherwise on the date of the expiration of such 12 months' notice, first giving credit to the Government for their proportion on that date of the balance of any reserve funds which shall have been created out of the Government's portion of the profits of working the Railway. As a further consideration for such purchase the Government shall also pay to the Railway Company a sum equal in times the whole average annual net profits of working the Railway for the three years actually preceding the completion of such purchase, provided always that such last mentioned sum shall not in any event be more than per cent. of the total amount of the Railway Company's issued capital, debentures and other securities. Such cash payments to carry interest against the Government at the rate of 7 per cent. per annum from the date on which the purchase shall take effect, and upon payment thereof in full the Railway Company shall be bound to give up possession of the purchased property to the Government. amount to 2052 ( DRAFT. MO 13052- 04 Anit HongKong Wo Keswich Eight hud. Borthern Sir, Surrey MINUTE. Zur 418 co. 3 sdday April, 1944 Lytteltor has had under consideration the draft proposal of The Siz M. Nathan 26 Akil British & Chinese Corporation Mr. Mr. Antrobus. Mr. Cox. Mr. Lucas. Mr. Graham. 26 Sir M. Ommanney. 26 The Duke of Marlborough, Mr. Lyttelton. 30- 26 Apil + Limited " scheme from Anod 19415 railway Kowth. to Cartons which you were good enough to have at this office thetho and subsequently to discuss with A Sir M. Nathan pist !! on the 14th 2. The droste proport contemplates the surrender to the Chinese Government of the advantages that thi Corporation obtained by their agreement with that government A

2026-06-02 02:42:07 · Baseline

View content

9. The Government shall have the right at any time after a period of

years from the date hereof to purchase and take over the Railway with the rolling stock, plant, stores and materials and everything connected therewith including the Telegraph and all current contracts and engagements of the Railway Company in- demnifying the Railway Company against all liabilities upon giving twelve calendar months previous notice in writing to the Railway Company in London of its intention so to do.

10. The price to be paid by the Government to the Railway Company for such purchase of the Railway, its property, effects and telegraph shall be a sum in cash sterling equal to the amount, of the Railway Company's issued capital, debentures and other securities plus the amount of any reserve funds accumulated out of the profits of working the Railway or otherwise on the date of the expiration of such 12 months' notice, first giving credit to the Government for their proportion on that date of the balance of any reserve funds which shall have been created out of the Government's portion of the profits of working the Railway. As a further consideration for such purchase the Government shall also pay to the Railway Company a sum equal in times the whole average annual net profits of working the Railway for the three years actually preceding the completion of such purchase, provided always that such last mentioned sum shall not in any event be more than per cent. of the total amount of the Railway Company's issued capital, debentures and other securities. Such cash payments to carry interest against the Government at the rate of 7 per cent. per annum from the date on which the purchase shall take effect, and upon payment thereof in full the Railway Company shall be bound to give up possession of the purchased property to the Government.