CO129-332 - Public Offices & Others - 1905 — Page 190

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prevent interruption either with the construction or working and

shall be responsible for its own section in this respect.

9.

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As soon as the railway approaches completion a joint board

of management shall be formed composed of six members appointed

three by each Government including a general manager to be

selected by agreement between the two contracting Governments,

Provided that so long as there are outstanding any of the bonds or

net profit certificates of the Chinese Government which are proposed to

be issued as hereinbefore mentioned the Corporation shall have power

to agree on behalf of the Chinese Government with the Hongkong

Government as to the selection of the general manager and also

to have on the board of management one of its nominees as a member

and during that time the said Governments shall appoint only two

members each. Three members of the board shall be a quorum and

each Government may appoint temporary substitutes during the

absence of the members appointed by each Government.

10.-THE said Governments shall from time to time during the

currency of this agreement provide for the working of the line a

sufficient sum as working capital în proportion to the mileage of their

respective sections. The sum to be provided by the Chinese

Government for this purpose and for the provision of rolling stock

shall be specially set aside for that purpose out of the proceeds of

the bond issue intended to be made by such Government.

CPL