CO129-332 - Public Offices & Others - 1905 — Page 169

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ARTICLE 8.

It is agreed that if the half-yearly interest on the Bonds is not

paid on any due date thereof or if the principal of the Loan remains

unpaid at maturity of the same the whole Railway with all its

appurtenances herein mortgaged to the Corporation for the Bond-

holders shall be handed over to the Corporation to be dealt with

by it according to law in such manner as will insure the proper

protection of the interest of the Bondholders. When the whole Loan

and the interest due thereon and all indebtedness shall have been

paid off the Railway with all its appurtenances in good working

condition shall revert to the possession and management of the

Chinese according to the provisions of this Agreement. In either!

case mentioned in this Article the possession and management shall

be subject to the Working Agreement.

ARTICLE 9.

As remuneration for superintendence and services the

Corporation shall receive five per cent. on the entire cost of all

materials purchased for the Railway.

It is agreed that all materials required for the Railway shall be

purchased by the Corporation in the open market at the lowest

price obtainable but it is understood that all such materials shall be

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