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with interut up to the date of such paying off only and thereupor this agreement sheki (case and detern-
3. Intout on the loan shall be paid at the rate of 4% calculated
half yearly on the amount of principal from time to time. outstanding.
4. All payments of cinterest and repayments of principal skall
be made ui altodance with the amountɔ and dates of the Schedull attached to this agreement to the Treasurer of toughõng at HongKong in sterling sight drafts or such Qquivalauć of the Same as the Government of Hong Kong may on Exxtroccation agree to accept in how then of sterling amount at an option. of the Government of Hong Kong
any
5. This doan shah be scundly a firet mortgajë on the opian
Thurs of the three Provinces of Hupci, Hunan, and Kwang Tung and shale as regand security for principal and inbust rauk before loan hereafter raised on the security of those revenues and the priority of this loan shate be Expukly stated ui ang apcemant for such subsequent loan scoured wholly or in port ou the said of tum revcunts. Vir case of need it shate be open to the Viceroy to Shouto hereafter the opi Herce proveices not suffice to meet the payments the Vicnoyet
um "Cofkuli of the Wuchang may apce with the groomments of Human and Kwang Tung as to which Provinces quota is unsufficiaut and Such_provińie shell suppiaincut the above opium Włochues by other Trennes of his provinces for the service of the prcsmd loan: but in case of default with regard to poquat of interest or repayment of principat of the present loan thu Viceroy may be called upon by Hie Britannic Majesty',Govorunnt to agru with the Human and Kwang Tung Jooomments as to which drovuice is in default and that Provide shale appropriate and place under adminishation ofdm puial Haritime Custonio further approved reocures as do security.
6. This Loan shah be further secured by deposit with His Britannic Majesty's Consul Pennal að Hankow of Sterling Likin yearly bonts equal in valus altogether to the fobal amount Loan, Irincipat and Suturst scaled by the Viceroy of
06
thu Provinces and countersigned by the Porcise. Comisioner of Customs Hu Kuang of Hankow. Ja tu Event of of citeret or unstalment hot barig handed to the Hongkong
to meet a payment money Treasure as Hongkong
on due date these hiki, Bonds while
than
become available for the payment of Lekin in tis tu kuang and Kwang Tung Provcrices: and the Provincial Authoritic» Shah be uwhuded accorduigly.
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