54
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 repayment of capital shall be deducted from such surplus funds, if any, and shall be deposited with the Hongkong and Shanghai Banking Corporation six months before the date at which such payments fall due.
In the event of there being no surplus funds available as aforesaid from the earnings of the railway, the amount required for payments of interest and repayments of principal shall be provided in accordance with the conditions of Article 14 hereinafter.
Article 12.
The Corporation are hereby appointed Trustees for the bondholders and in any future negotiations respecting these Loans or matters arising in connection therewith, which may take place between the Viceroy and the Corporation, the Corporation shall be taken as representing the bondholders, and as empowered to act on their behalf. As remuneration for its services and responsibility in thus acting as Trustees, the Corporation shall receive the sum of £1,000 per annum, such remuneration to commence from the date of issue of this Loan and to terminate upon its complete redemption.
Article 13.
All materials of any kind that are required...
54
All expenses of working and maintain-
-ing 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 pre- -vision for payment of interest at 5% per annum on the Bends,
and for re-payments of principal due in accordance with the
amortisation schedule hereto attached, there remain surplus
funda unappropriated and properly available for other purposes
suck funds shall be at the disposal of the Chinese Government to
be used in such manner as the Viceroy may decide, provided al-
-ways that after completion and opening of the line to traffic
the amount sufficient for regular payments of interest and re- -payment of capital shall be deducted from such surplus funds,
if any, and shall be deposited with the Hongkong and Shanghai Banking Corporation six months before the date at which suck
payments fall due.
::
In the event of there being ne surplus
funds available as aforesaid from the earnings of the railway,
the amount required for payments of interest and repayments of
principal shall be provided in accordance with the conditions
of Article 14 hereinafter.
Article 12.
The Corporation are hereby appointed
Trustees for the bondholders and in any future negotiations
respecting these Loans or matters arising in connection there-
-with, which may take place between the Viceroy and the Corpora-
-tion, the Corporation shall be taken as representing the bond-
-holders, and as empowered to act on their behalf. As remunera-
-tion for its services and responsibility in thus acting as
Trustees, the Corperation shall receive the sum of £1,000 per
annum such remuneration to commence from the date of issue of
this Loan and to terminate upon its complete redemption.
Artiole 13.
All ́materials of any kiya that are
pequired
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