pany, hereafter called "the Company," agrees to pay to the Chinese Government in bonds of the Railway, under conditions which will be agreed upon in a
agreement shall have been sign separate letter as soon as the present equivalent of the sums which would have been paid by the Company, namely Ku been paid by the Company on the date of the opening to traffic of the line in accordance with Art. 12 of the original Agreement (a) A sum of five millions Kuping Taels, which ought to have been paid to the Government by the Company from the dale of the opening-to traffic of the said Railway in compliance with §12 of the original Agreement.
{b) Interest on the above-mentioned sum calculated from the day of the opening to traffic of the said Railway, at the vote of 6 per cent. per annum, provided for by Article 16 of the Company's Statutes and on the basis of compound interest up to the year 1920.
Beginning with the year 1921 interest on these sums will be 5 per cent. and payable half-yearly. The redemption of debentures will be effected in silver, either at the time of repurchase of the Railway by the Government or with the funds to be employed for the repurchase of the said Railway.
Debentures issued in payment of the said loan will be secured by a mortgage on all movable and fixed properties of the Railway.
AptIcLe 2:
It is understood that the Chinese Government will have the right to appoint, besides the. President, four members of Chinese nationality to the Board of Directors of the Railway. It is not necessary that the members thus appointed by the Chinese Government should be shareholders of the Company. On the other hand, the shareholders shall have the right to appoint freely the Russian members of the Board of Directors, In case of equality of votes, the President shall have a deciding vote.
Text read from the printed page and cleaned; old type leaves the occasional error.