AAS
345
1
During the period of this agreement no special taxes shall be levied by the Chinese Government on the Railway, its appurtenances or earnings; but all taxes at present payable, such as land tax, as well as any taxes which the Chinese Government may hereafter institute, such as stamp duty, etc., and which may be applicable generally to all commercial transactions in China, shall also apply in the case of the Railway and its operations.
Article 8.
It is agreed that if the half-yearly 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 amortisation schedule hereto attached, the whole Railway with all its appurtenances herein mortgaged to the Corporation for the bondholders 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 £26,000, half of which shall be paid when construction work...
AAS
345
1
During the period of this agreement nu special taxes shall be levied by the Chinese fovernment on the Railway, its appurtenances or earnings; hut all taxes at present payable such as land tax as well as any taxes which the Chinese Government, ay hereafter institute, such as stampt duty, etc. and which may be applicable generally to all commerto
أعلم
transactions in China, shall also apply in the case of the Railway and its operations.
Article 8.
It is agreed that if the half-yearly interest on the Bonds is not paid on any date thereof or if the principal of the Loan he not paid in accordance with the amort isation schedule hereto attached, the whole Railway with all its appurtenances herein mortgaged to the Corporation for the hondholders shall be handed over to the Corporation to be dealt with by it according to law in such manner as will en- sure the proper protection of the interets of the hundholders provided however that, if the failure to make payment at une date be due to causes beyond the control of the Chinese Government and if the Viceroy fequest, the Corporation to postpone the taking over of the Railway for a reasom ble period of gracej
the question shall be waicably discussed and decided between the Viceroy and the Agent of the Cor- poration. When the whole Loan and the interest due thereon and all indebtedness shall have boen 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 aum of £26,00 half of which shall be paid when construction
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