VENEZUELA.
110
and
the second place, they are to retain the
payment
of the
fii'st
sum
of £45,000 for
half year's interest that will
fall
due on
the said Loan, and they are to pay over the residue of the to the
In
and every other expenses connected therewith.
all
Government or
The General
Ai'ticle 8.
Loan
order.
its
Credit
Company
are to apply the
sums to be received from the Export duties, or other sources
much
above-mentioned, or so
from time to
as they shall
time receive in respect thereof, in manner following
—that
is
to say, in the first place, they are to set apart thereout the
sum
of £90,000 per
annum
such portion thereof as
pm'pose of paying
the
for
periodically the interest on the
Loan
may remain
of £1,500,000, or
In the second
unpaid.
sum
place, they are to set apart thereout the
on
of £30,000 per
annum, and apply the same periodically towards the redemption or
payment
in full of the bonds, in
and they are
in Article 4
;
may remain
of the said
manner mentioned
also to apply the overplus that
sum
of £90,000, after payment of the
interest then due, periodically adding the same to that of
£30,000 per annum, to the redemption or payment in
In the third
the bonds. their
place, they are to retain thereout
Commission of one per
interests they
employed
m
full of
cent,
on
all
the dividends or
may
pay, and one-half per cent, on the
the
redemption of the bonds, the General
Guzman Blanco hereby
name
guaranteeing, in the
Government, that a sufficient
sum
to cover such
sums
of his
Commission
shaU be collected and remitted, together with the smns due for interest
and smking fund.
Article 9. It is expressly understood this Contract be not ratified
and agreed
that, if
by the Constituent Assembly of
Venezuela to the satisfaction of the said General Credit