CO129-338 - Public Offices & Others - 1906 — Page 170

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unwilling to proceed to Yunnan, well and good.

8.

A subscription for a fifty dollar share will

draw interest as soon as he has paid up ten dollars

of the amount.

Subscribers to ten-dollar or five-

dollar shares must wait until the whole amount of the

share has been paid up before they can draw intorest.

A subscriber to several shares payable by instalment

will draw interest on the instalemnts already paid up.

9. When the Company's lines are completed and

traffic has begun, a balance of receipts will be taken

once a year. After deducting expenses under each

branch and interest payable, ten per cent (of the

profits) will be set aside as reserve. When the re-

serve fund amounts to one half the capital, payments

into it will cease. The remainder will be divided

Three parts will go to the State as

royalty; five and a half parts will be distributed

among the shareholders as dividend; one part will be

for repairs; half a part as bonus to the employés of

the Company.

into ten parts.

10.

A subscriber can only draw interest on his

shares