CO129-332 - Public Offices & Others - 1905 — Page 454

451

The Agree ent must be drafted by qualified

Experts but meanwhile I suggest that the general con- ditions should be as follows:-

HEADS OF

AGKERONT.

1.

The Agreement to become operative on the completion by the two Governments of their respective Sections provisions as to time, cost, and design, etc., to be inserted.

2.

The Colonial Government to provide the necessary capital for working the Joint Railway and to provide and own the nece sary Rolling Stock for the

same.

Note A.

This provision is designed to facilitate the efficient working of the Line and development of traffic and avoid Chinese obstruction.

Mote B. The right of the Corporation to a con-

mission on materials supplied to the Chinese Section during the continuance of the Ioan to be protected.

3.

The joint Railway to be operated and con- trolled by a joint Board of Management consisting of

Members of which

shall be appointed by

the Colonial Government

ment, and

the duties, powers and remuneration of the Joint Board

of Management to be specified in the Agreement and be

subject to modification by the Chinese Government and

the Colonial Government by Agreement.

by the Chinese Govern-

by the British and Chinese Corporation,

When all the Bonds and Het Profit Certificates

have been redeemed the right of the British and Chinese Corporation to appoint Representatives on the Joint

Board of Management to cease and the number of embers

constituting that Board to be reduced accordingly.

4.

On the Agreement for the connection and

working