CO129-332 - Public Offices & Others - 1905 — Page 159

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consideration to be transferred to Hongkong to be kept in the

Hongkong and Shanghai Bank and placed to the credit of the

construction account of the Railway Administration for the exclusive

purpose of constructing the Railway in the manner herein provided

for under the supervision of the Board of Commissioners.

On each occasion of a remittance being made to China the

amount realised in Sycee will be reported to the Director General,

and any portion which may not be required shall be placed at interest.

Similarly the balance in England shall be placed at interest.

The accounts of the money spent from time to time in England

and of the money transferred to the credit of the construction and

other accounts for use in China are to be submitted quarterly to the

Board of Commissioners for examination and for report to the

Director General for the information of the Wai-Wu-Pu and for his

further report to the Board of Revenue and the Bureau of Mines for

record therein, after such accounts have been approved and signed by

him.

ARTICLE 5.

The dates of the Bonds mentioned in Article 1 and of the

Certificates mentioned in Article 12 of this Agreement shall be of

even date with this Agrement. Interest shall begin to run upon the

Bonds only from the date of their sale, o the public.

Coupons which have theretofore matured are to be cancelled and

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