41
Vilanova no V1 WA TEG 910 de tied Lud? =12) LIIJ8s# 1. Bejuart
to vonecar sið Mijonsenone ure iz rejcel Lour
慧
10 401EUOVIÙ
Jari Ji Desa 718 BALOLInk and we spinnatan Indoki anus
Orda
Jxed nod to statel 1926 jednou med?sul mereo (ePRASQUE
Le Monézní Irayee 1 et boerby 2* ALO (15\170cm* ****
sd or wint mortca 10 **TV of
-10 200 tar sevol vox un kay at
是
30% bv. V
nordeundes le 300420052006 to
DEN 1 SUPIO.
fjari nel sittet HUN
VIR JO *
2008008 28 Juli 20 made
. SEPA
best du Jade Endude (192910
1 2 3 (16038,3JIBEL (AVING
-Josh Art about akci ** ** Live Aar deil on1816 an
alteg 942 sites ou Jazor1-
Article IX. The amount of the commuted commission (£35,000) was briefly discussed and eventually left in abeyance to be further considered in connection with the price of the Loan.
Article X. This Article was amended by the omission of the last clause referring to Railway Police and other verbal alterations.
Article II. H. B. T'ang Shao-yi observed that the procedure proposed for depositing six months in advance the amount required for payments of interest and principal could only be accepted with the stipulation that the surplus earnings of the lines sufficient to allow of such deposits. He was of opinion that for some time after the opening of the line to traffic this would not be the case and that it would be unreasonable to expect such deposits to be made from other than railway sources. It was therefore agreed to word the Article in this sense, providing for remittances 14 days before due date in the event of there being no surplus funds available for deposit six months in advance.
Article III. The proposal contained in this Article was fully discussed, H. B. T'ang Shao-yi considering the same as justifiable and the amount of remuneration reasonable, while the Canton Viceroy's representatives opposed it as a new feature of the agreement, not to be found in the Shanghai-Nanking Railway contract.
Mr. Bland pointed out that remuneration of the trustees for bondholders was an equitable and usual condition in such cases; that the Corporation's liability and responsibility would continue for an indefinite period under the agreement after its financial interest and benefits thereunder had ceased, and that it would be unreasonable to expect the Corporation to perform these necessary duties without payment - the amount to be paid out of the railway funds under this heading was less than that paid to the foreign members of the Shanghai-Nanking Railway Board of Commissioners: by meeting
41
Vilanova no V1 WA TEG 910 de tied Lud? =12) LIIJ8s# 1. Bejuart
to vonecar sið Mijonsenone ure iz rejcel Lour
慧
10 401EUOVIÙ
Jari Ji Desa 718 BALOLInk and we spinnatan Indoki anus
Orda
Jxed nod to statel 1926 jednou med?sul mereo (ePRASQUE
Le Monézní Irayee 1 et boerby 2* ALO (15\170cm* ****
sd or wint mortca 10 **TV of
-10 200 tar sevol vox un kay at
是
30% bv. V
nordeundes le 300420052006 to
DEN 1 SUPIO.
fjari nel sittet HUN
VIR JO *
2008008 28 Juli 20 made
. SEPA
best du Jade Endude (192910
1 2 3 (16038,3JIBEL (AVING
-Josh Art about akci ** ** Live Aar deil on1816 an
alteg 942 sites ou Jazor1-
•
*
Article IX. The amount of the commuted commission
(£35,000). was briefly discussed and eventually left in abeyance to be
further considered sin connection.#ith the price of the Loan.
Article X. This Article was amended by the osis-
-sion of the last clause referring to Naitway Police and other verbal
alterations.
Article II. H. B. T'ang Shao-yi observed that the
procedure proposed for depositing six months in advance the amount re-
-quired for payments of interest and principal could only be accepted
with the stipulation that the surplus earnings of the lines sufficient
to allow of such deposits. He was of opinion that for some time after
the opening of the line to traffic this would not be the case and that
it would be unreasonable to expect such deposits to be rade from other than mailway sources. It was therefore agreed to word the Article in
this sense, providing for remittances 14 days before due date in the
event of "there being no surplus funds available for deposit six months
pin advance.
Article lil. The proposal contained in this Article
was fully discussed, h. *. T'ang Shac-yi considering the same as justi-
-fiable and the mount of recuneration reasonable, while the Canton Viceroy's
representatives opposed it as a new feature of the agreement, not to be
found in the Shanghai-Nanxing Railway contract.
Mr. Bland pointed out that remuneration
of the trustees for beniholders was an equitable and usual condition
in such cases; that the Corporation's liability and responsibility
would continue for an indefinite period under the agreement after its
financial interest and benefits thereunder had ceased, and that it
would be unreasonable to expect the Corporation to perform these
necessary duties without payment - the amount to be paid out of the railway funds under this heading was less than that paid to the foreign sembers of the Shanghai-#anking wailway Board of Commissioners: by meeting
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