CO129-382 - Public Offices - 1911 — Page 541

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interest at the rate of five per cent per annum.

Article 3.

Of the said loan, a sum of £300,000 (three hundred

thousand pounds sterling) shall be paid by the Companies

to the Yuchuanpu within one month of the date of the

confirmation of the present agreement as stipulated in

Article 9, and the balance shall be paid by four

quarterly instalments of £50,000 (fifty thousand pounds

sterling): the first instalment shall be paid three

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HASY DI

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months after the date of the payment of the above statea

£300,000. All the said payments shall be made to a

Bank designated by the Yuchuanpu.

Article 4.

The Yuchuanpu undertakes that the proceeds of the

Loan shall be used solely for purposes directly con-

nected with its Telegraph und Telephone services.

Article 5.

The Loan together with all interest in respect

thereof shall be satisfied and extinguished by the pay-

ment by the Yuchuanpu to the Companies of a series of

equal half yearly instalments. These half yearly in-

stalments

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