CO129-332 - Public Offices & Others - 1905 — Page 194

192

44

settled by the two Governments and be paid out of the gross takings

of the railway.

16.--THE net profits of each year shall be divided between the

two Governments in proportion to the actual cost incurred by them

from time to time respectively as found by the consulting engineers

in the construction and equipment of their respective sections

including all working capital and additional capital expenditure

under Clauses 10 and 13 hereof. In such outlay the cost of land and

any commissions shall not be reckoned. If either Government

shall in the opinion of the consulting engineers have unduly

increased its expenditure the consulting engineers may certify that

fact and state what sum ought properly to represent such

Government's expenditure for the purposes of this clause and the

proportion shall be taken upon such sum. Each Government's share

of profits shall be paid out to it when ascertained. Payments

on account of profits may at the discretion of the Board be

from time to time paid to the two Governments.

w.ade

17.—THERE shall be established in the first instance by agreement

a fixed rate of exchange for all purposes conuected with the railway

and financial matters relating thereto between the two Governments

and either Government may thereafter apply to the Board for a

revision of such rate provided that when a rate has been fixed no

revision shall be made therein for at least five years

thereafter.

n

why

J