454
Article 10.
In the construction of the line, in the working of the Railway, and in the performance of the different kinds of business connected with the Railway, no interference or obstruction by Chinese or foreigners will be permitted. The Chinese Government will provide protection for the Railway while under construction or when in operation, and all the properties of the Railway, as well as Chinese and foreigners employed thereon, are to enjoy the utmost protection from the local officials.
The Railway may maintain a force of Chinese police with Chinese officers, their wages and maintenance to be wholly defrayed as part of the cost of the construction and maintenance of the Railway. In the event of the Railway requiring further protection by the military forces of the Imperial or Provincial Government, the same will be duly applied for by the Head Office and promptly afforded, it being understood that such military forces shall be maintained at the expense of the Government of the Province.
Article 11.
All receipts and earnings of the Railway shall be regularly paid into the Railway's account with the Hongkong and Shanghai Banking Corporation and on such funds, whether on daily balance or on fixed deposit, the Bank's usual rate of interest shall be allowed.
All expenses of working and maintaining the line shall be paid from the receipts and earnings and any remainder thereof shall be charged with the service of the Loan. If, after payment of these expenses and making due provision for payment of interest at 5% per annum on the Bonds, and for repayments of principal due in accordance with the amortisation schedule hereto attached, there remain surplus funds unappropriated and properly available for other purposes, such funds shall be at the disposal of the Chinese Government to be used in such manner as the Viceroy may decide, provided always that after completion and opening of the line to traffic the amount sufficient for regular payments of interest and repayments of principal shall be...
454
Article 10.
In the construction of the line, in the worklag of the Ball-
way, and in the performance of the different kinds of business connect-
ed with the hallway, no interference or obstruction by Chinese or
3
foreigners will be permitted, The Chinese Government will provide
protection for the Kailway while under construction or when in operat-
ion, and all the properties of the bailway, as well as Chinese end
foreigners employed thereon, are to enjoy the utmost orotection from
the local officiels,
The Kallway may maintain & fores of Chinese police with
Chinese officers, their wages and maintenance so be wholly defrayed
as part of the cost of the construction and nalaberance of the Rail-
way. In the event of the Railway requiring further protection by the
military forces of the Imperial or Provincial Governmenbe the same
will be duly applied for by the Head Office and oromotly afforded, it
being daderstood that such military forces shall be maintained at
the axpense of the Government of the Province,
Article 11.
All receiots and encoings of the Railway shall be regularly
oaid into the kailway's account with the dongkong and thenghai Eanking
Corporation and on such funds, whether on daily balance or on fixed
deposit, the Fank's usual rate of interest shall be allowed.
All expenses of working and maintaining the line shell be
paid from the receipts and earnings and any remainder thereof shall
be charged with the service of the Loan. If, after paynent of these
expenses and making due provision for ocyment of interest at 5% per
annum on the Bonds, end for repayments of orlacio el due in accordance
with the amortisation schedule hersto sttached, there remain surplus
funds unaoprooriated and properly available for other ourposes, such
funds shall be at the disoosel of the Chinese Government to be used
in such manner as the Viceroy may decide, provided always that after
comoletion end boening of the line to traffic the amount sufficient
for reguler payments of interest and repayments of principal shell
be
No comments yet.
Private notes are available after approval.