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10.
1932 to 1940, after which they revert to the original
figure, until the whole indemnity is extinguished at the
end of 1945.
12. At the risk of unnecessary repetition, it may
perhaps be recalled here that the principles of the re-
commendations of the Indemnity Commission were 1–
(1) £350,000 a year from current incomings
to be spent on educational work until 1931, after which
date the incomings are to be spent in their entirety
on such educṇtional work, and
(2) Existing accumulations, plus the annual
balance after the educational allotment down to the year
1931, to be invested as an endowment fund to continue
the educational work after 1945) this fund to be in-
vested in railway construction, with particular reference
to the completion of the Canton-Hankow line; or, ir rail.
ay construction should prove impracticable, in the con-
servancy works, with special reference to the Chihli
Rivers or Husi River Conservanci
13.
The suggestion made in paragraph 9 of this dea-
pa tah
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