CO129-332 - Public Offices & Others - 1905 — Page 183

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If any interest is still due on any of the Bonds at the time of

redemption such interest shall have thereupon to be paid in full. As

to the net profit Certificates, if they are redeemed within the term of

their duration they are to be paid for according to their face value,

and if such Certificates run to the end of their term, they become null

and void and no price need be paid on them nor need they be redeemed,

but any net profits still due on them shall have to be fully paid up

according to their amounts before the same are cancelled.

ARTICLE 21.

If during construction any proceeds of the sale of Bonds are

lying unused and bearing interest on their deposit whilst the

construction of the Railway is going on, such interest is to be credited

to the General Account of the Railway Administration in order that

the Railway Administration may enjoy the full advantage thereof.

It is also agreed that if the Corporation shall think it expedient

before the sale of any of the Bonds, to advance any money for the

work, the expense of effecting such advances, together with the interest

thereon not exceeding a charge of six per cent. per annum, shall be

deducted from the interest derived from the above-mentioned unused

proceeds of the sale of the Bonds or shall otherwise be provided for

in the construction accounts. It is further agreed that the proceeds

of the first sale of the Bonds immediately following any such advance,