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(4.) Whenever the fares and rates in the joint-sectional fares and rates schedules are the sum of the sectional fares and rates each Section shall be entitled to receive in the division of such fares and rates its own sectional fare or rate.
(5.) Whenever the fares and rates in the joint-sectional fares and rates schedules are less than the sun of the sectional fares and rates the Administrations of the two Sections shall agree upon the portion of each fare and rate which is to be credited to the respective Section.
26. The maximum through passenger fares specified in Schedale A hereto attached shall be charged by the Railway from the date of the opening of the Chinese Section. No reduction shall be made below the minimum through passenger fares shown in the said schedule, but it shall be in the discretion of the Administrations of the two Sections, by mutual agreement, to vary the fares between the maximum aud minimum limits, with a view to attracting traffic to the Railway.
through fares"
In this Article and in Articles 27, 28 and 29 following, the expressions and "through rates mean fares and rates charged for through trallic between Hongkong or Kowloon and Sheklung or Canton.
27. The through rates and joint-sectional rates for goods traffic, as defined in Articles 14 and 15, and for the carriage of dogs, horses, passengers' baggage and railway parcels shall be settled by the Administrations of the two Sections before the opening of the Chinese Section, and embodied in a Rates Schedule applicable to both Scetions.
28.-(1.) For the period for which this agreement continues in force, the division between the two Sections of all through fares for passengers by through express trains and of all through rates for goods traffic, as defined in Articles 14 and 15, and of all through rates for the carriage of dogs, horses, passengers' baggage and railway parcels shall be such that 35 per centum thereof is assigned to the British and 65 per centum thereof to the Chinese Section.
(2.) But, whenever by agreement between the Administrations of the two Sections through ex- press trains stop in exceptional circumstances at any intermediate stations between Kowloon and Canton other than Shain Chun or Sheklang, or through goods trains stop as provided in Article 15 at stations between Kowloon and Canton other than Sham Chan or Sheklung, the fares and rates payable from any such intermediate station on the one Section to any station on the other shall be the fares and rates as shown in the joint-sectional fares and rates schedules.
(3.) In the case of all joint-sectional trains, through trains or through slow trains (if any), the fares and rates shall be those shown in the joint-sectional fares and rates scle lules.
29. If after five years actual working either Government desires a revision of the ratio of division of through fares and through rates between the two Sections, the ratio of division of such fares and rates thereafter earned shall be a ljusted by a conference of duly authorised representatives of the two Governments to be held in the beginning of the sixth year, but such revision shall have no retrospective effect.
Accounts.
30. Monthly accounts in English of all receipts from through and joint-sectional trains, through bookings and interchanged traffic and rolling stock and all other matters requiring adjustment between the two Sections shall be made up by each Section as soon as possible after the last day of each month, and signed statements of such accounts shall be exchanged between the Adminis- trations of the two Sections, and after being checked the balance in favour of either Section shall be paid over without delay to the other Section as hereinafter provided.
31. The accounts of the British Section shall be kept by the Chief Accountant of that Section and certified by the Manager. The accounts of the Chinese Section shall be kept by the British Chief Accountant in accordance with the final schedule to this Agreement and certified by the Managing Director. The accounts of all through bookings shall be kept by each Section in the English language according to an uniform method to be agreed upon between the two Administrations and such accounts of each Section shall be open to the inspection of a duly authorised representative of the other Section at all reasonable times.
32.-(a.) is recognised that for through booking it is undesirable that fares should be quoted in Chinese Currency and its equivalent in Hongkong Currency. Each Section will, therefore, issue tickets at the fare quoted in the Joint-Sectional and Through Fares Schedules irrespective of currency differences.
(.) Every month a settlement for all through and joint-sectional booking will be effected between the two Sections in the following manner. The face value in coin collected by one Section for the issue of fares will be balanced against the face value in coin collected by the other, no allowance being made for the different value of Hongking and Chinese Currency: and the face value of the balance calculated as Chinese Currency and duly discounted will be passed by cheque payable in Hongkong Currency by the Section from which the balance is due to the other Section.
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