CO129-388 - Governor Sir Lugard - 1912 [1-2] — Page 119

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-shall be given in writing by the Viceroy to the Representative of the Corporation, declaring the num- ber of additional Bonda so required to be redeemed, whereupon the Representative of the Corporation shall immediately proceed to make such arrangments as may be necessary and usual for the redemption of the number of Bonds specified, which, when duly redeemed after payment by the Imperial Chinese Government of the proper amount due thereon, shall be cancelled and delivered to the Viceroy.

All Bonds thus redeemed, in excess of the amount specified in the amortisation schedule hereto at- tached, before the expiry of 25 years from the date of the Loan, shall be paid for with a premium of 24% over their face value, (i.e., £102.10 will be required to pay for £100), but after 25 years Bonds may be redeemed over and above the amounts specified in the schedule without premium upon notice being given in the manner above specified.

As soon as the Loan has been completely redeemned, this Agreement shall become null and void and the mortgage shall be cancelled.

Article 17.

If, during construction, any proceeds of the sale of the Bonds are lying unused and bearing interest on their deposit whilst the construction of the Railway is going on, such interest is to be credited to the general account of the Railway in order that the Railway may enjoy the full advantage

thereof.

It is also agreed that, if the Corporation shall think it expedient before the sale of any of the Bonds to advance any money for the work, such advances, together with the interest thereon not exceeding a charge of 6% per annum, shall be deducted from the proceeds of the sale of the Ponds.

Article 18.

The junction of the sections of the Railway from Canton to the boundary of the Kowloon leased territory under British control, and from the said boundary to the port of Kowloon respectively, and the subsequent joint working of the two sections, shall be arranged by agreement between the Viceroy of Canton and the Governor of Hongkong.

Article 19.

This Agreement is signed under the authority of an Imperial Edict dated the seventh day of February, 1907, which has been officially communicated to the British Minister in l'eking by the Wai-wa-pu.

Article 20.

This Agreement is executed in quintuplicate in English and Chinese, one copy to be retained by the Viceroy, one by the Wai-wu-pu, one by the Board of Communications, one by the British Minister, and one by the Corporation, and should any doubt arise as to the interpretation of the Agreement the English text shall be accepted as the standard.

Signed at Peking by the contracting parties this twenty-third day of the first month of the thirty-third year of the Emperor Kwang Hsu, being the seventh day of March nineteen hundred and

seven.

Seal and Signature of His Excellency

T'ANG SHAO YI, representing the

WAI-WU-PU.

Witnessed by

For the BRITISH AND CHINESE CORPORATION LTD.

Witnessed by

(Signed) J. O. P. BLAND.

JARDINE, MATHESON & Co.

The HONGKONG & SHANGHAI BANKING CORPORATION,

Joint Agents,

HI GARDNER,

Acting Agent.

The BRITISHI & CHINESE CORPORATION LIMITED.