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in the event of their misconduct or incompetency, dismissed after consultation with the Chief Engineer.
If there are Chinese with sufficient engineering or traffic experience they may be appointed as well as Europeans.
Should it be necessary to appoint a new Chief Engineer, such appointment shall be made in consultation with the Corporat- ion with the Conpozetter:
In addition to the above, a capable and efficient European Railway Accountant, shall be appointed, with full powers to organ -ize and direct the keeping of the railway accounts, and to act with the Administrator-General and the Chief Engineer of the railway in the supervision of receipts and expenditure.
7. The railway lines named in this Agreement being Imperial Chinese Government lines, in event of war or famine, Chinese Government troops and grain may be transported over the lines
free.
8. All receipts and earnings of the lines herein specified shall be paid into the credit of the Railway Administration with the Hongkong & Shanghai Banking Corporation, Tientsin, together with 50,000 taels annually, payable under the Board of Revenue's arrangement approed by the Throne, by each of the Provinces of Shansi, Shensi, Honan, and Anhui, for railway purposes for ten
years.
All expenses of working and maintaining the lines will be paid from their receipts and earnings, the remainder of which, together with the provincial funds above named, shall then be charged with the service of this loan. Payments of interest and repayment of principal shall be made in equal monthly instal- ments, and in accordance with the amounts and dates of a yearly Schedule, which will be furnished to the Administrator-General by
These payments shall be made by the Administrator- General to the Hongkong & Shanghai Banking Corporation, Tientsin in Hongping sycee sufficient to povide the sterling amount due to the bondholders in terms of the prospectus of the loan, the rate of exohange for these payments being fixed by that Bank as each such payment becomes due. In reimbursement of expenses
the Bank.
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