'File 73/7 II (D 22) Status of Koweit [Kuwait] - Baghdad railway, Anglo Turkish negotiations' [‎217v] (440/540)

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. 5£1 ooo But Messrs. Lynch Brothers shall not make contracts for service
for a to^er period tlmn four yeara with provision for termination at the end of three
years at Messrs. Lynch Brothers option on suitable terms. ,
13 In the event of strikes, combination of labour or other such causes beyond
the control of Messrs. Lynch Brothers preventing them from obtaining coal de
0 14, The Baghdad Railway Company undertake to pay the sum of Es. 14 per-
ton to cover the expenses for management, up-keep and runnmg o s eamers an
lighters as stipulated in Article 2, and agree to make monthly payments to Me^rs.
Lynch Brothers on account of £2,000 per month.
In the event of the Baghdad Eailway Company not being able to provide
150,000 tons of railway material the following schedule of rates shall be substituted
for the purposes of this Article.
100.000 tons transported during a period not exceeding 86 eonsecntive
i , , JLTb-O T)Gi tOIl..
months
120,000 tons transported during a period of 48 consecutive months... 14-6 per ton.
130,000 tons transported during a period of 48 consecutive months v . 14-3 per ton.
In case the Anglo-German-Turkish Company shall not be constituted, then the
rate of 14 provided for in this Article shall be Es. 15 and the other rates comprised
in the Schedule shall be increased accordingly. But m this case, shou d the bociete
in any year be able to pay by way of dividend among its shareholders; a sum
inexcessof 12 per cent, on the share capital, then one-half of the proceeds of this
additional shilling rate shall be paid to the Baghdad Kailway Company and one^
half to the Syndicate.
Contract between Messrs. Lynch Brothers and Societe de transports fluviaux en Orient.
The Societe de transports fluviaux en Orient having leased steamers and
barges to the Baghdad Bailway Company for the transport of 150,000 tons of rail
way material or more on the Tigris, Euphrates and Shatt-el-Arab and their tri
butaries in Turkish Arabia A term used by the British officials to describe the territory roughly corresponding to, but not coextensive with, modern-day Iraq under the control of the Ottoman Empire. over a period of four years, and the Baghdad Railway
Company having appointed Messrs. Lynch Brothers to manage these steamers
and barges for them, it is agreed as follows
L Messrs. Lynch Brothers shall credit monthly to the Societe the amounts
received from the Baghdad Railway Company in payment for
managing and running the said steamers and barges with interest
at the rate of five per cent, per annum and shall debit the Syndicate
with all expenditure incurred in the running of such steamers and
barges together with interests at the rate of five per cent, per annum,
and a sum equivalent to nine per cent, on the total amount calcu
lated in freight during any year or portion of the year for manage
ment. Such commission of nine per cent, shall represent the total com
pensation for management, cost of office, staff and all supervision
abroad. A settlement of accounts shall be made quarterly.
2. In the event of the amounts received from the Baghdad Railway Com
pany not being sufficient to cover the items mentioned in Clause 1^
the Societe agree to make up the difference to Messrs. Lynch Bro
thers,
Convention passee entre la Deutsche Bank y the Euphrates et Tigris Steam Naviga
tion Company, Limited, et la Societe Imperiale Ottomane du chemin de fer de
Baghdad.
Attendu que la Deutsche Bank et the Euphrates and Tigris Steam Navigation
Company, Limited, ont decide de former la " Societe de transports fluviaux en
Orient " dont le siege sera etabli a Bruxelles suivant les statuts ci-annexes.