CO129-332 - Public Offices & Others - 1905 — Page 161

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Such Bonds or net profit Certificates are to be numbered consecutively, and as many Bonds or Certificates as may be needed

are to be properly engraved under the supervision of the Corporation,

and after they are sealed by the Chinese Minister in Londou

as hereinbefore provided are to be countersigned by the Corporation.

All expense for the engraving and the sale of the Bonds is to be

borne by the Corporation.

When issues are about to be made, if the Corporation

receives sufficient notice from the Director General that subjects

of China wish to take up a portion of the issue, the necessary

amount of Bonds will be set aside for Chinese subscribers,

to whom the Bonds will be sold at the same price and on the same

conditions as those sold to the public in London. If possible

arrangements will be made for issuing these Bonds, and paying the

interest thereon, in China, at the current rate of the day.

for the purpose

The amount of the Loan is fixed at £

of constructing and equipping the Railway which is situate in Chinese

territory pursuant to the Working Agreement.

ARTICLE 6.

When the work of construction is ready to begin, the Director

General shall appoint a Board for supervising the construction of

the Railway to be called the Board of Commissioners whose head

office shall be at Hongkong. The members thereof, each of whom

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