on the Loan, or for other purposes beneficial to the Railway in regard to which the Viceroy will communicate in due course with the Corporation.
45
In all matters relating to the construction of the Railway it is expressly agreed that particular heed shall be paid to the opinions, habits and ideas of the Chinese people, and that, when practicable, Chinese shall be employed in positions of trust and responsibility in connection with the Railway.
In regard to earthwork, or such other work as Chinese are competent to perform, contracts shall be entered into for such work with Chinese under the sanction of the Head Office and the work itself shall be carried out in accordance with plans and specifications of the Engineer-in-Chief and under his supervision.
Detailed plans and estimates of cost whether of the respective sections of the Railway or of any alterations of the same are to be submitted for the approval of the Viceroy by the Engineer-in-Chief.
Article 3.
The Loan shall be secured by mortgage declared to be now entered into in equity by virtue of this agreement and shall as soon as possible hereafter be secured by a specific and legal first mortgage in favour of the Corporation upon all lands, materials, rolling stock, buildings, property and premises of every description purchased or to be purchased for the Railway and on the Railway itself as and when constructed and on the revenue of all descriptions derivable therefrom.
The provisions of this Article in respect of the mortgage are to be construed and treated as equivalent in purport and effect to a mortgage customarily executed and delivered in England to a Trustee for the purpose of securing Loans and Bond Issues upon railway properties in foreign countries.
Article
on the Loan, or for other purposes beneficial to the Railway in regard to which the Viceroy will communicate in due course
with the Corporation.
45
In all matters relating to the con-
-struction of the Railway it is expressly agreed that particular heed shall be paid to the opinions, habits and ideas of the Chinese people, and that, when practicable, Chinese shall be employed in positions of trust and responsibility in connection
with the Railway.
In regard to earthwork, or such other
work as Chinese are competent to perform, contracts shall be entered into for such work with Chinese under the sanotion of the Head Office and the work itself shall be carried out in accordance with plans and specifications of the Engineer-in- -Chief and under his supervision.
Detailed plans and estimates of cost whether of the respective sections of the Railway or of any alterations of the same are to be submitted for the approval of the Viceroy by the Engineer-in-Chief.
Article 3.
The Loan shall be secured by mortgage declared to be now entered into in equity by virtue of this agreement and shall as soon as possible hereafter be secured by a specific and legal first mortgage in favour of the Corporation upon all lands, materials, rolling stock, buildings property and premises of every description purchased or to be purchased for the Railway and on the Railway itself as and when construct- -ed and on the revenue of all descriptions derivable therefrom.
The provisions of this Article in
respect of the mortgage are to be construed and treated as equivalent in purport and effect to a mortgage customarily executed and delivered in England to a Trustee for the purpose of securing Loans and Bond Issues upon railway properties in
foreign countries.
Article
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