CO129-333 - Governor Nathan - 1906 [1-4] — Page 80

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T 0---CHINA,

COPY---0 F--AGREEMENT-F 0 R-LOAN

C.O.

COMMON LY———K_N © ▼ N~———~A S—— 6675

"NORTHERN--RAILWAY S--L 0 A N-~-1 8 9 818 R

24 FEB 06

78

+

This Agreement is made between His Excellency HU, Governor” of

Peking, as Administrator-General of the Railways of North China

within & without Shan-hai-kwan, acting under the authority of the

Imperial Chinese Government, hereinafter called the *Administrat-

-or-General of the one part, and the Hongkong & Shanghai Banking

Corporation, for themselves and on behalf of the British firm of

Jardine Matheson & Co, representing as joint agents the British

& Chinese Corporation (Limited), hereinafter called " the Corpor-

-ation" of the other part;·

WHEREAS, on the 7th day of June 1898, being the 19th day of the

4th month of the 24th year of the Emperor Kwang-Hsu, a preliminary

Agreement was signed at Peking between the Administrator-General

and the Hongkong & Shanghai Banking Corporation, representing a

British Syndicate, for a sterling loan for the equivalent of

about 16,000,000 taels for the construction of a railway line

from Chung-hou-so to Hsin-ming-t'ing and a branch line to Yingtsu

and for the redemption of existing loans made to the Tientsin-

Shan-hai-kwan & Tientsin-Lucouchiao Railway lines; and

WHEREAS in terms of the preliminary Agreement a period of three

months from its date was allowed to the Syndicate to accept or

decline its conditions; and

WHEREAS the Hongkong & Shanghai Banking Corporation, before the

expiration of the period named, duly notified the Administrator-

General that it prepared, with certain modifications, to

arrange the issue of the loan upon the conditions named in the

preliminary Agreement;

It is now agreed as follows;

I. The Corporation agrees to issue on behalf of the Administrator

General a sterling loan for the amount of £2.300.000, the proceeds

of which are to be applied in the order following;

(I) To the redemption forthwith or at maturity of the loans

and advances specified in the statement attached to this