CO129-512-5 Boxer Indemnity Settlement 21-5-1929 - 21-5-1929 — Page 94

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remitted, the Chinese Government will duly 90

appoint a Foard of Trustees which will include

a certain number of British members.

3. In view of the urgent necessity, in

connexion with the reconstruction and develop-

ment of China, of the reconditioning of the

existing Chinese Government railways in the

first instance, the Chinese Government will

take the necessary steps to invest the accumu~

lated funds now on deposit and the instalments

due for payment shortly in rehabilitation of

the said railways, especially those lines in

which British financial interest has been

particularly concerned, to which lines

attention will first be given. If funds

permit, the urgently necessary work in

connexion with the conservancy of the Hopel

rivers and the Huai river will similarly be

financed out of the monies in question.

4. With regard to the rehabilitating and

building of railways from the Indemnity funds

remitted or from loans secured on the said

funds/