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788 THE HONGKONG GOVERNMENT GAZETTE, 21ST SEPTEMBER, 1889.
THE THIRD SCHEDULE HEREINBEFORE REFERRED TO.
STIPULATIONS AND CONDITIONS AS TO PURCHASE AND HIRE OF VESSELS BY
DMIRALTY.
1. The Company hereby agree to construct under the supervision of the Admiralty with gun platforms all vessels which they may from time to time construct for the performance of the services specified in this Agreement and to meet the other usual requirements of the Admlty
to fit such vessels for service as armed cruisers or troopships and further to erect gun platforms
on such other vessels as the Company may employ der i Agrement rod to meet the other meal requirements of the Admiralty to fit such other vessels for such service as aforesaid and further to sell to the Admi- ralty at any time when required by the Admiralty so to do all or any of the vessels so constructed under this Agreement on the terms and subject to the conditions hereinafter declared...
2. The vessels so to be constructed by the Company are to be capable of speed of not less than 17, knots an hour on the measured mile and of maintaini than 16 knots an hour upon a sea trial of not less than 12 hours' duration."
ning a trial of not less
3. The Company further agree to let on hire to the Admiralty from time to time or at any time and for any period during the continuance of this Agreement all or any of the said vessels so cons- tructed by the Company. The rate of hire shall be 20 s. per gross registered toner month the Admiralty providing and paying the crew.
essels subject che permanent pared for sea ancouver and be compatible
4. The Company shall afford to the Admiralty every facility for fitting on board all to this Agreement as and when taken up on hire for cruiser or transport purpose fittings and arrangements for their armament as will enable any such vessel to 1 within a week after she shall on arrival in the Company's terminal ports (name!) Hong Kong) have discharged her cargo provided that such fittings and arrangement, with the use of the vessels for mercantile
purposes. The Admiralty agree to prov other fittings and gun mountings for the guns proposed to be placed on board the sassels and the Company agree to keep and maintain the same racers fittings and mountings in order and if required to keep them in their storehouse at Vancouver but any such racers fitted mountings required to be kept at Hong Kong will be stored in the Admiralty Dockyard without harge to the Company ready to be immediately fitted on board the vessels and such fitting will becuted by the Admiralty at their own expense.
racers and
5. The Company shall not entertain any offers for sale or for charter in respect of any of the vessels subject to this Agreement unless the Company have previously given notice thereof to the Admiralty and allowed the Admiralty the option of purchasing or hiring such vesvessels within seven days from the receipt of such notice. Notice given by the Company as herefore provided shall be accompanied by such evidence of the bona fide nature of the offer for sale or rter as shall be satisfactory in the opinion of the Admiralty otherwise the said notice shall be contred void and of no effect.
6. The price to be paid for any vessel which may be purchased by the Adminity under this Agreement shall be the value of such vessel on the day of purchase (which shall be the day on which the Admiralty shall give notice to the Company of their intention to purchase such a
plus a sum be agreed on in respect by such tween the case shall
Loose
equal to 10 per centum on such value by way of bonus for compulsory sale plus a between the Company and the Admiralty or in case of difference to be settled by of the cost of delivery of such vessel on the North Pacific Station such cost to be sum as may be agreed or settled as aforesaid having regard to the time which has date of such delivery and the day of purchase The value of such vessel on the day be taken to be the cost price to the Company in the United Kingdom (such cost price be proved to the satisfaction of the Admiralty) less a sum equal to six per centum per annum on cost price and on the subsequent depreciated value for the time clapsed between the date of eletion of the vessel and the day of purchase by the Admiralty. Provided always that if after the date of presents and the completion of any vessel subject to this Agreement any money shall he satisfaction of the Admiralty to have been expended on capital account in providing new boilers or machinery such money shall (subject to such deduction as aforesaid from the date of the same money having been expended) be added to the value of value ascertained as aforesaid of any vessel purchased by the Admiralty shall include ment of the vessel so purchased but not the plated ware cutlery crystal earthenware panes and table and bed linen of the vessel and consumable stores which the Company all be entitled to remove therefrom with the exception of such proportionate quantity of such as other than consumable stores as may be necessary for the numbers of officers and warrant officers would form part of the vessel's complement if used as an armed cruiser and such proportionate quantity of such articles shall be considered part of the equipment so purchased by the Admiralty In the event of the Admiralty hiring and subsequently electing to purchase any vessel under this Agreeme three-eighths of the amount of hire accruing during any period not exceeding six months immediately preceding the purchase shall be allowed by way of rebate from the price.
vessel with depreciation vessel. The full equip-
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