CO129-332 - Public Offices & Others - 1905 — Page 304

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302

The cost of Land to be paid for out of the Loan, but

must not in any case exceed £100,000.

c0c

REUIGRATION TO BRITISH AT CHINESE CORPORATION.

Let

As remmeration for superintendence and services the

British and Chinese Corporation to receive 5 on the entire cost

of all materials purchased for the railway. All materials

required for the railway to be purchased by the Briách and

Chinese Corporation in the open nuriet Lt the lowest price

obtainable.

c0c

ET PROFIT CERTIFICATES.

x. Her

of the not income or profit roccivable by the thine se

Government from the railway, after defriying working and other

expenses and interest, the British and Chinese Corporation thall

receive 20% which shall be roprocented by and in form of Certi-

ficates having a nominal capital value of one-fifth of the

nominal count of tllo Town. fuch certificates will entitle the

holders to participate rateably in such 20). These certificates

carry no interest and have a term of 50 years and a declared

face value of 3100 ouch, The Imperial Chinese Railway Adminis-

tration may at any time redeem these certificates at their face

value, but aftor the expiration of 50 years from date of issuo

of Lou the certificates shall be null and void and need not be

redeemed.

to ed ve

000

ROM HOLDERS REPRESENTATIVES.

In all future negotiations respecting those "ouns or matters arising in connection therewith, the British & Chinose Corporation shall be recognized as representing the Bondholders