810
208
of her volimojed odd relies bartupos bhei not VAC bng offroader hinc. yozent) sdé Jørit ostNANAU vot bayteact ed od Jnuous at t abu of odc. 20 000,002 gintuenenet spes of að hamps Brould sh`oq atat co fan tri
T
J
an bere on trurons 613 It Jo be%2!
adh ne muthaoceth not cbur an
?
tr atmegaarne,sab #
robnot at eonstad biose..
robood ai Seruof? en efect of spite, anolo
et bavtemes q ween. Itwa on van enot needin Ja et er nodenne br,baluk Ons ghedamaltefanerÍ
trode mayo? 98entn
bued to Avon
Mid J. so enten ved bor
po po Le
ro. Idlordgrens of ben myth one Linade modus" 23 corosty
aetdeon e.3 .ns to toİ KAR YO.J$am d
botic to notleg te
.*avoe boxft
detox ment (it ↳ beð
.de ja sidantaédo sd him b t
* Makhton
Dan @Ifpotoutunt ss beroh wado
berts.do .. ook et StenAI DA
• 1ovawe i Saw Ipsoŋeby akum
fried**O* eft 3.0) anotesnou asoivrig na suam TW
9 DartIf wood hot mothwingto aris (ayowILM ARĖMS).
od robin mi aleto teto
anotuston anal 501
R DU TO TOD and SouLONDO
ξ
et seina bluor 1 tansoen fous
10% sid:auci ad stolexod) bluoda 3 b. DAS) nesorg ent
ZERO Juro lo e . #BJ AT 15 tame Ja Iest a motunioqBON 4.12
alonequi st
.quo one ebu to tinged writ ovtenon Nivos
molketoqton sild tell yet to row noteauoatb vnoi veta
$ 90 000$ to toe to satng ber!t s orig os eladtebau biwosła
iwottą muval bit mort aantoq të gatJoube) neol od 30 I^
#sted 0aeda mnt 3 + 2 audus dqangeled of buela .Ti bed-supar of
*aolfa7e5tanoo a'nolJATO.107 Cut 10%
Mr. Bland while undertaking to comply with this request, observed that (apart from the fact that 964 was an impossible rate) it was extremely improbable, after recent experience in the Changhai Wanking Railway Loan, that the Corporation should consent to name any fixed price in the loan contract, even if the loan completed of one issue only, inasmuch as the Corporation could not guarantee itself against fluctuations of the money market.
It had been shown in the Yanking Railway Loan that when the price of Chinese securities improved, the Chinese Government declined to be bound by the fixed price agreed to in that loan contract, claiming and obtaining the profit which by agreement was to go to the Corporation. However the price should fall the Corporation would be compelled to carry out its agreement. Under such conditions it was impossible to name a fixed price and Mr. Bland therefore hoped that the Chinese Government would conclude the present agreement on the equitable basis of a fixed commission payable to the Corporation to cover all expenses of the loan and to remunerate the Corporation for its services in floating the same. The minimum rate at which the Chinese Government could expect the Corporation to do this business (in the absence of the profit certificates to which the Corporation was properly entitled under the terms of the concession) would be 5 points below issue price. He thought that if the other conditions of the agreement were amicably arranged, the business might well be done on these terms.
Article 2. The Chinese Government's intention, based on experience gained in the Northern Railway, is to build a single line of railway. The provision of Land bridges etc. for double lines would be a matter for the Viceroy's consideration, and no pledges need be given. There could be no possible necessity, in E.'s opinion, for a double line at present. MR. BLAND observed that the matter was
810
208
of her volimojed odd relies bartupos bhei not VAC bng offroader hinc. yozent) sdé Jørit ostNANAU vot bayteact ed od Jnuous at t abu of odc. 20 000,002 gintuenenet spes of að hamps Brould sh`oq atat co fan tri
T
J
an bere on trurons 613 It Jo be%2!
adh ne muthaoceth not cbur an
?
tr atmegaarne,sab #
robnot at eonstad biose..
robood ai Seruof? en efect of spite, anolo
et bavtemes q ween. Itwa on van enot needin Ja et er nodenne br,baluk Ons ghedamaltefanerÍ
trode mayo? 98entn
bued to Avon
Mid J. so enten ved bor
po po Le
ro. Idlordgrens of ben myth one Linade modus" 23 corosty
aetdeon e.3 .ns to toİ KAR YO.J$am d
botic to notleg te
.*avoe boxft
detox ment (it ↳ beð
.de ja sidantaédo sd him b t
* Makhton
Dan @Ifpotoutunt ss beroh wado
berts.do .. ook et StenAI DA
• 1ovawe i Saw Ipsoŋeby akum
fried**O* eft 3.0) anotesnou asoivrig na suam TW
9 DartIf wood hot mothwingto aris (ayowILM ARĖMS).
od robin mi aleto teto
anotuston anal 501
R DU TO TOD and SouLONDO
ξ
et seina bluor 1 tansoen fous
10% sid:auci ad stolexod) bluoda 3 b. DAS) nesorg ent
ZERO Juro lo e . #BJ AT 15 tame Ja Iest a motunioqBON 4.12
alonequi st
.quo one ebu to tinged writ ovtenon Nivos
molketoqton sild tell yet to row noteauoatb vnoi veta
$ 90 000$ to toe to satng ber!t s orig os eladtebau biwosła
iwottą muval bit mort aantoq të gatJoube) neol od 30 I^
#sted 0aeda mnt 3 + 2 audus dqangeled of buela .Ti bed-supar of
*aolfa7e5tanoo a'nolJATO.107 Cut 10%
Mr. Bland while undertaking to comply with this request, observed that (a art from the fact that 964 was an impossible rate) it was
extremely improbable, after recent experience in the Changhai Wanking Railway Loan, that the Corporation should consent to name any fixed price in the loan contract, even if the loan completed of one issue only, inasmuch as the "orporation could not guar-
If
It
antee itself against fluctuations of the money market. had been shown in the Yanking Railway Loan that when the price of Chinese securities improved, the Chinese "overn- ment declined to be bound by the Pizod rice agreed to in that loan contract, claiming and obtaining the profit which by a rooment was to go to the Corporation. however the price should fall the "orporation would be compelled to carry out its agreement. Under such condi- tlone it was impossible to name a fixed price and "r. Bland therefore hoped that the Chinese Government would conclude the present agreement on the equitable basis of a fixed commission payable to the Corporation to cover all expenses of the loan and to remunerate the "orporation for its services in floating the same. The minium rate at which the Chinese "ovemment couldexpect the "orporation to do this business (in the absence of the profit certi- ficates to which the "orporation was properly entitled under the terms of the concession ) would be Bé points below issue price he thought that if the other condi-
tions of the agreement were amicably arranged, the busi-
nees might well be done on these terms.
Article 2. The Chinese Government's intention, based on experience gained in the Northern Railway, is to build a single line of railway. The provision of Land bridres eta for double lines would be a matter for the Viceroy's con- sideration, and no pledges need be riven. There could be
no possible necessity, in .E.'s opinion, for a double line at present. MR. BLANT observed that the matter was
on e
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