CO129-512-5 Boxer Indemnity Settlement 21-5-1929 - 21-5-1929 — Page 67

5.

6.

Shanghai-Hangchow-Ningpo Railway.

Agreement of March 6, 1908. (British and Chinese

Corporation Ltd.)

Article XVIII.

64

The Corporation as Agents shall, (in return for an agreed commuted commission) be prepared to superintend the purchase of all foreign materials required for the construction and equipment of the Railway which shall be purchased in the open market at the lowest rate ob- tainable, it being understood that all such materials shall be of good and satisfactory quality. At equal rates and qualities goods of British manufacture shall be given preference over other goods of foreign origin. The Managing Director shall have the right, while pay- ing the above stipulated commutation of commission to the said Agents, in respect of all purchases of foreign materials, to avail himself of the services of other Agents in China or abroad should he see fit to do so.

With a view to the encouragement of Chinese industries preference shall be given, at equal prices and qualities, over British and other foreign goods, to Chinese goods and materials manufactured in China. No commission will be paid on purchases of such materials and goods.

Hukuang Railways.

Agreement of May 20, 1911. (Banque de l'Indo Chine

HongKong and Shanghai Banking Corporation, Deutsche Asiatische Bank and an American Group).

Article XVIII.

For the Hupei-Hunan section of the Canton-Hankow rail- way line, and the Hupei section of the Szechuan-Hankow railway line respectively (a) The British & Chinese Cor- poration, Limited and (b) the Deutsch-Asiatische Bank will act as Agents of the Railway Administration during construction for the purchase of all materials, plant and goods required to be imported from abroad.

For all important purchases of materials tenders shall be called for by the Director General or the Managing Direct or concerned: in the case of all tenders,indents and orders for the importation of goods and materials from abroad, the said Agents shall purchase the materials required on the terms most advantageous to the railways, and shall charge the original net cost of the same,plus a commission of five per cent (5%).

In return for payment of commission as above stated the British ~ Chinese Corporation,Limited, and the Deutsch- Asiatische Bank as Agents for the respective railway lines,