CO129-331 - Public Offices - 1905 — Page 15

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after completion the Chinese section will have to rely

entirely upon its own traffic to pay the interest on

the bonds, failing which the Chinese Government will

have to provide it; the only alternative being to in-

crease the loan to a safe figure (of which the whole

need not be issued) or to take power in the agreement

to issue supplemental pari passu Bonds in the event

of the principal loan being insufficient.

The Engineer's estimate for the construction and

equipment of 24 miles in British Territory exclusive

of land is £488,317.

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