Page 188
nife to watatan ada duvid 25 BL
Page 335
CANTON-KOWLOON RAILWAY.
Draft Final Loan Agreement.
40352 (DEC ! 1908)
Article 1.
The Corporation agrees to issue on behalf of the Imperial Chinese Government a sterling Loan (hereinafter referred to as "the Loan") for the amount of £1,500,000 on the terms and conditions hereinafter contained.
Imperial Chinese Government Bonds are to be issued for the entire amount, similar to those of the Shanghai-Nanking Railway, with the railway as first mortgage security therefor. The Loan shall be in one issue and the price agreed upon shall be per cent of the nominal value, and any loss or profit in disposing of the Bonds shall be borne by, or go to, the Corporation. The interest on the Bonds shall be at the rate of 5% per annum on their nominal value, payable half-yearly, and shall be calculated from the date of their sale to the public.
Subject to Article 16, the duration of the Loan is fixed at fifty years commencing from the date of the ratification of this agreement, but no interest shall be paid on any bonds which may be redeemed or cancelled under the terms hereinafter mentioned after the redemption or cancellation thereof.
On the face of each of these Bonds shall be expressed the value thereof in the sum of £100, or in such different amounts as the Chinese Minister in London in consultation with the Corporation may sanction.
Article 2
Page 336
188
nife to watatan ada duvid 25 BL
335
CANTON-KOWLOON RAILWAY.
Draft Final Loan Agreement.
40352 (DEC ! 1908)
Article 1.
The Corporation agrees to issue on behalf of the
Imperial Chinese Government & sterling Loan (hereinafter
referred to as "the Loan") for the amount of £1,5000,000
on the terms and conditions hereinafter contained.
Imperial Chinese Government Bonds are to be issued for the
entire amount, similar to the hands of the Shanghai Nun-
King Railway, with the failway as first mortgage security
therefor. The Loan shall be in one issue and the price
agreed upon shall be per cent of the numinal value,
and any loss or profit in disposing of the Bunds shall he
horne by, or go to, the Corporation. The interest, on
the Bonds shall be at the rate of 5% per annum on their
nominal value, payable half yearly, and shall be calcul -
ated from the date of their sale to the public.
Subject to Article 16, the duration of the Loan is
fixed at fifty years commencing from the date of the
rutification of this agreement, but no interest shall be
paid on any bonds which may be redeemed or cancelled under
the terms hereinafter mentioned after the redemption or cancellation thereof.
On the face of each of these Bonds shall be ex ressed
the value thereof in the sum of £100, or in such different amounts as the Chinese Minister in London in consultatia.
with the Corporation may sanation.
Article 2
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