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Enclosure 3 the Secret Despatch of 3/9/15
Draft Lock Redemption Agreement.
(Revised 6 7/9/000
This agreement is made betiocen His Exaltency Chang Junior Quardian of the Acir Apparent, Vienoy of the Hee Kwang provinces of China acking under his Vicugel power and oth the in-perist Sandrew for harmauf and his acceporo in office of the one part and the government of Hongkong of the other part.
The Vicroy has been imperially apponited to devise means for the resumption of tiu Cautou Hankow tailisas and the present loan has
referred to the throne and His Maj caty The Emperor of
bean
has found a decrce oppwving of an agreement baing made by tu Viceroy of the Hu Kwang, the two Kwang provinces and the doormor of Human for themselves and then sumupors li office
Whereas the Viuroy is charged with the settlement of ali questions concerning the Hankow Canton railway and for this purpose is in need of funds to redcam tu conukion for tin building thereof heretofore granted to an American Company and whereas the Viceroy has officially applied to the Gourment 0%
His Britannic Majesty, for frúancial apistance, conta viltot dus prformanc of the said to big back thi Shares of the Said American Company and is perform tu vaid special chaye laid upon vtis Exalucy and whereas the government of Houghing has agreed at the instance of government of His Britannic Mejesty, to afford this Excliency The Vicnoy the afcirtance applied for It is now agreed as folious.
1. The Government of Houghing agrees to lend to the Viceroy's of the three provences of Hupch Human and Kwong Tung the sum of one million one hundred thousand pounds sterling forth in clause 7 below. The Exact division of the responsibility for this sum wich be settled and announced laten.
1905
as set
2. The team of the Loan shah be ten years calculated from the 27th day of November 6th day of October" and repayment of prencipal shall be max by ten equel instalments of £110,000 Lach Commencing on the 27th day of November 6thday of October 1906, provided that at any thing after the payment of
the fifth annust uiskatment the fitnoy three provinces shall be at liberty on givnig six calendar mouths notice beforehand to pay off the whole amount of the Principal then outstanding
with
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