52
interest on the Bonds is not paid on any date thereof or if the principal of the Loan be not paid in accordance with the amortization schedule hereto attached, the whole Railway with all its appurtenances herein mortgaged to the Corporation for the bond-holders shall be handed over to the Corporation to be dealt with by it according to law in such manner as will ensure the proper protection of the interests of the bondholders provided however that if the failure to make payment at one date be due to causes beyond the control of the Chinese Government and if the Viceroy request the Corporation to postpone the taking over of the Railway for a reasonable period of grace, the question shall be amicably discussed and decided between the Viceroy and the Agent of the Corporation. When the whole Loan and the interest due thereon and all indebtedness shall have been paid off, the Railway with all its appurtenances in good working condition shall revert to the possession and management of the Chinese Government according to the provisions of this agreement.
Article 9.
As remuneration etc., the Corporation shall receive the sum of £35,000 half of which shall be paid when construction work begins and the other half upon completion of the line. This amount shall be regarded as a commutation of all commission to which the Corporation and its agents would properly be entitled, and of payment of all services rendered in the construction and equipment of the Railway.
By virtue of this payment the Viceroy is entitled to require the Corporation to superintend the purchase of all materials required for the equipment and construction of the Railway, which shall be purchased in the open market at the lowest price obtainable, it being understood that all such materials shall be of good and satisfactory quality. At equal rates and qualities goods of British manufacture shall be given preference over other goods of foreign origin. Invoice and Inspector's
52
interest on the Bonds is not paid on any date thereof or if the
principal of the Loan be not paid in accordance with the amorti-
-sation schedule hereto attached, the whole ailway with all its
appurtenances herein mortgaged to the Corporation for the bond-
-holders shall be handed over to the Corporation to be dealt
with by it according to law in such manner as will ensure the
proper protection of the interests of the bondholders provided
however that if the failure to make payment at one date be due
to causes beyond the control of the Chinese Government and if
the Viceroy request the Corporation to postpone the taking over
of the Railway for a reasonable period of grace, the question
shall be amicably discussed and decided between the Viceroy
and the Agent of the Corporation. When the whole Loan and the
interest due thereon and all indebtedness shall have been
paid off, the Railway with all its appurtenances in good work-
-ing condition shall revert to the possession and management of
the Chinese Government according to the provisions of this
agreement.
Article 9.
As remuneration etc., the Corporation
shall receive the sum of £3,5000 half of which shall be paid
when construction work begins and the other half upon completion
of the line. This amount shall be regarded as a commutation of
all commission to which the Corporation and its agents would
properly be entitled, and of payment of all services rend red
in the construction and equipment of the Railway.
By virtue of this payment the Viceroy
is entitled to require the Corporation to superintend the pur-
-chase of all materials required for the equipment and construct_
-ion of the Railway, which shall be purchased in the open
market at the lowest price obtainable, it being understood that
all such materials shall be of good and satisfactory, quality. At
equal rates and qualities goods of British manufque shall be
given preference over other goods of foreign origin. Invoice and
Inspector's
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