3
227
This Document is the Property of His Britannic Majesty's Government. 6.
CHINA RAILWAYS.
CONFIDENTIAL.
[5920]
(No. 44.)
No. 1.
12634
[February 2011 H
SECTION 3.
Act G
Sir J. Jordan to Sir Edward Grey.—(Received February 20.)
Peking, January 26, 1908. Sir,
WITH reference to my despatch No. 41 of the 22nd instant, I have the honour to forward to you herewith a printed copy of the Tien-tsin-Yangtze Railway Agreement, as signed at the Wai-wu Pu on the 13th January last.
I have, &c. (Signed)
J. N. JORDAN.
Inclosure in No. 1.
Tien-tsin-Pukow Railway Agreement.
THIS Agreement is made at Peking on the 10th day of the 12th month of the 33rd year of Kuang Hsü, corresponding to the 13th day of January, 1908, and the contracting parties are his Excellency Liang Tun-yen, Acting Junior Vice-President of the Wai-wu Pu, duly authorized to act on behalf of the Imperial Government of China, of the one part; and (a) the Deutsch-Asiatische Bank, Shanghae, (b) the Chinese "the Syndicate," of the Central Railways (Limited)," London, hereinafter called other part.
Article 1.—The Imperial Government of China authorizes the Syndicate to issue a 5 per cent. gold loan for an amount of 5,000,000. The loan shall be of the date on which the first series of bonds is issued to the public, and shall be called "The Imperial Chinese Government 5 per Cent. Tien-tsin-Pukow Railway Loan.”
Art. 2—The loan is designed to provide capital for the construction of a Government railway line from a point connecting with the Imperial Railways of North China at or near Tien-tsin through Techou and Tsinanfu to Ihsien near the southern frontier of Shantung, hereinafter known as the Northern Section of the Tien-tsin-Pukow Railway Line, and from Ihsien to a point at or near Pukow (opposite Nanking on the Yangtsze-kiang), hereinafter known as the Southern Section of the Tien-tsin-Pukow Railway line; the total length of these two sections being about 1,085 kilom., equal to about 2,170 Chinese li.
The survey line shall be open to revision by the Director-General of the railway. Art. 3.—The capital so provided shall be solely devoted to the construction of the railway line including the purchase of land, rolling stock, and other equipment, and to the working of the line, and to payment of interest on the loan during the period of construction, which is estimated at four years from the actual beginning of the works, the commencement of the works not to be delayed beyond six months after this Agreement has been signed, within which period the Syndicate shall notify the Director-General that the sum of 500,000, has been placed at his disposal, to be held in Europe or remitted to China as he may direct, as a first instalment on account of the proceeds of the loan. This amount of 500,000, or whatever portion thereof is actually advanced, together with interest thereon not exceeding a charge of 6 per cent. per annum, shall be deducted from the proceeds of the first sale of the bonds.
Art. 4.—The rate of interest for the loan shall be 5 per cent. per annum on the nominal principal and shall be paid to the bond-holders half-yearly. The said interest shall be calculated from the date on which the loan is issued to the public, and shall be paid by the Imperial Chinese Government during the time of construction either from the proceeds of the loan or from other sources, and afterwards, in the first place, out of the revenue of the railway, and then from such other revenues as the Chinese Government may think fit to use for the purpose in half-yearly instalments according to the amounts specified in the Schedule attached to this Agreement, and fourteen days
[2:56 u−3]
B
3
227
This Document is the Property of His Britannic Majesty's Government. 6.
CHINA RAILWAYS.
CONFIDENTIAL.
[5920]
(No. 44.)
No. 1.
12634
[February 2011 H
SECTION 3.
Act G
Sir J. Jordan to Sir Edward Grey.—(Received February 20.)
Peking, January 26, 1908. Sir,
WITH reference to my despatch No. 41 of the 22nd instant, I have the honour to forward to you herewith a printed copy of the Tien-tsin-Yangtze Railway Agreement, as signed at the Wai-wu Pu on the 13th January last.
I have, &c. (Signed)
J. N. JORDAN.
Inclosure in No. 1.
Tien-tsin-Pukow Railway Agreement.
THIS Agreement is made at Peking on the 10th day of the 12th month of the 33rd year of Kuang Hsü, corresponding to the 13th day of January, 1908, and the contracting parties are his Excellency Liang Tun-yen, Acting Junior Vice-President of the Wai-wu Pa, duly authorized to act on behalf of the Imperial Government of China, of the one part; and (a) the Deutsch-Asiatische Bank, Shanghae, (b) the Chinese "the Syndicate," of the Central Railways (Limited)," London, hereinafter called other part.
Article 1.-The Imperial Government of China authorizes the Syndicate to issue a 5 per cent. gold loan for an amount of 5,000,0001. The loan shall be of the date on which the first series of bonds is issued to the public, and shall be called "The Imperial Chinese Government 5 per Cent. Ticn-tsin-Pukow Railway Loan.”
Art. 2-The loan is designed to provide capital for the construction of a Government railway line from a point connecting with the Imperial Railways of North China at or near Tien-tsin through Techou and Tsinanfu to Ihsien near the southern frontier of Shantung, hereinafter known as the Northern Section of the Tien-tsin--Pakow Railway Line, and from Ihsien to a point at or near Pukow (opposite Nanking on the Yangtsze-kiang), hereinafter known as the Southern Section of the Tien-tsin-Pukow Railway line; the total length of these two sections being about 1,085 kilom., equal to about 2,170 Chinese li.
The survey line shall be open to revision by the Director-General of the railway. Art. 3.-The capital so provided shall be solely devoted to the construction of the railway line including the purchase of land, rolling stock, and other equipment, and to the working of the line, and to payment of interest on the loan during the period of construction, which is estimated at four years from the actual beginning of the works, the commencement of the works not to be delayed beyond six months after this Agreement has been signed, within which period the Syndicate shall notify the Director-General that the sum of 500,0007, has been placed at his disposal, to be held in Europe or remitted to.China as he may direct, as a first instalment on account of the proceeds of the loan. This amount of 500,000, or whatever portion thereof is actually advanced, together with interest thereon not exceeding a charge of 6 per cent. per annum, shall be deducted from the proceeds of the first sale of
the bonds.
Art. 4.-The rate of interest for the loan shall be 5 per cent. per annum on the nominal principal and shall be paid to the bond-holders half-yearly. The said interest shall be calculated from the date on which the loan is issued to the public, and shall be paid by the Imperial Chinese Government during the time of construction either from the proceeds of the loan or from other sources, and afterwards, in the first place, out of the revenue of the railway, and then from such other revenues as the Chinese Government may think fit to use for the purpose in half-yearly instalments according to the amounts spécified in the Schedule attached to this Agreement, and fourteen days
[2:56 u−3]
B
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