#
(
418
-
6.
993 200 es
10 pabuon uld at noted
Idad de te mo‘dyʊ na obegno
* hul motaevod'
fengi o. Judd e01
aj o obam edi
no prodg on ja 1802-4
.bebeuren OutWisije bruja od
receipts of the railway had to be paid to the Bank, it was reasonable and necessary that the latter should have an agent at the place where the Railway's Head Office was situated, Canton and that this agent should be in a
The Chinese position to transact ordinary banking business. Government wished to avoid having to forward the railway receipts at its own risk to the Bank at Hongkong.
H
MR. BLAND undertook to telegraph again in the matter.
Referring to Article 9 MR. BLAND stated that his
instructions, and adherence to the basis of negotiations
provided in the Northern Railway Agreement, made it necessary to stipulate that, if Loans were hereafter required for branch lines, they would be financed by the Corporation a definite understanding on the point was essential because the possibility of raising funds in other quarters for, and on the security of, branch lines would certainly prejudice the Railway as a security, necessitating
H.E. complicated accounts and separate administration. T'ANG SHAO-YI declined to accept the clause as drafted. After full discussion of the point it was agreed that in the event of branch lines being constructed the Corporation would be given the first option of tendering for any loan
required.
At the request of Kung Tao tai and to meet the objections of H.E. the Viceroy of Canton, an amendment was made
in Article 12, having reference to the Corporation's remuneration as trustees, whereby the necessity and justice of this new condition is stated and explained.
KUNG TAOTAI suggested that the remuneration in question should commence only upon completion of the line but H.E. T'ANG SHAO-YI concurred in the view that it was properly
due upon the issue of the Loan.
In regard to the price of the Loan, MR. BLAND read
}
#
(
418
-
6.
993 200 es
10 pabuon uld at noted
Idad de te mo‘dyʊ na obegno
* hul motaevod'
fengi o. Judd e01
aj o obam edi
no prodg on ja 1802-4
.bebeuren OutWisije bruja od
receipts of the railway had to be paid to the Bank, it was reasonable and necessary that the latter should have an agent at the place where the Railway's Head Office was situated, Canton and that this agent should be in a
The Chinese position to transact ordinary Tanking business. Government wished to avoid having to forward the railway receipts at its own risk to the Bank at Hongkong.
H
MR. BAND undertook to telegraph again in the matter.
Referring to Article 9 MR. BLAND stated that his
instructions, and adherence to the basis of negotiations
provided in the Northern Railway Agreement, made it necessary to stipulate that, if Loans werehereafter required for branch lines, they would be financed by the Corporation a definite understanding on the point was essential because the possibility of raising funds in other quarters for, and on the security of, branch lines would certainly prejudice the Railway as a security, necessitating
H.E. complicated accounts and separate administration. T'ANG SHAO-YI declined to accept the clause as drafted. After full discussion of the point it was agreed that in the event of branch lines being constructed the Corporation wouldbe given the first option of tendering for any loan
required.
At the request of Kung Tao tai and to meet the objec- tions of H.E. the Viceroy of Canton, an amendment was made
in Article 12, having reference to the Corporation's remuneration as trustees, whereby the necessity and justice of this new condition is stated and explained.
KUNG TAOTAI suggested that the remuneration in question should commence only upon completion of the line but H.E. T'ANG SHAO-TI concurred in the view that it was properly
due upon the issue of the Loan.
In regard to the price of the Loan, MP. BLAND read
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