CO129-332 - Public Offices & Others - 1905 — Page 182

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in such other financial centres as may be agreed upon with

the Chinese Minister four weeks previously to the day fixed for

redemption. At the expiration of the four weeks and on the day

fixed for the redemption, the Corporation shall cause the usual lots to

be drawn for the redemption of the Bonds or Certificates and shall pay

over the respective prices of the same to their respective holders, and

shall thus redeem the Bonds or net profit Certificates and cancel them,

and thereupon the same are to be delivered to the Director General,

or the Chinese Minister in London for return to the Director General.

All the Loan Bonds and the net profit Certificates shall express

that they are redeemable at any time on the conditions mentioned in

the preceding paragraph, and shall state that the payment of any

interest for the Bonds and the participation of any of the net profits

by the Certificates so drawn by lot entirely cease from the date

inentioned by the published notice of the Corporation. The amount

required for the redemption shall however have to be got ready and

placed in the hands of the Hongkong and Shanghai Banking

Corporation before such redemption is carried out.

The Loan Bonds if redeemed before 25 years from the date they

bear shall be paid for with a premium of two and a-half per cent. over

their face value (i.e. £102 10s. will be required to pay for £100) but

after 25 years from the date of issue to the expiry of the term of the

Loan the bonds may be redeemed without payment of any premium.

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