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by said Contract, and reckoning the pe-> to the working and sale of that fertilizer. riod of possession of this mailway from Discovered Guano, for the purposes of this the time this Contract is declared in force. clause, is to be hell as that whose locality The Railways referred to in this clause may be exactly defined by the Bondho. are the following: From Mollendo to Arequipaa: From Arequipa to P'nno, From Juliaca to Santa Rosa, From Pisco to Ica, From Callao to Chiela, From Lima to Ancon, From Chimbote to.Şuchintan. From Pacasmayo to Yonan & Gnada- by virtue of the Treaty of Ancon, after lupe. From Salaverry to Trujillo aul Ascope, cent may be paid the obligations and From Payta to Piura .The Bondholders shall have for five arising during the Iglesias Administrayears after the delivery of each railway ,, tion, and which sum shall not exceed. the exclusive right to carry out the pro- after liquidation, two millions of soles .med. The Government of Pern also cedes to | guano necessary for its agricultural pur. longation of the respective railways. 3.º The Government of Peru grants to | red in force, thirty three yearly payments ta for the traffic of their cars and of the . materials necessary for the construction. The Bondholders are authorized to land at the port and through the dock at Ancon, the materials to be used in the construetion, repair and working of the railways House, any difficulty shall present itself, from Lima to the Oroya, and their pro- or doubt occur, the Commission of Public lougations or branches. Cargo shipped and | Credit, to be encharged with the service landed at the aforesaid docks or mnoles ! of the Internal debt, shall be authorized 4.º The Government of Peru cedes to | and the observance of this isto be consigating on Lake Titicaca, provided the ves- | mission. sels carry the Peruvian flag. And also the steamers belonging to the Government in actual service or the said lake. Use of the' water conveyed from Are5.º The Government of Peru transfers "and against the constructors of the same, holders that they, (the Bondholders) shall ! ders may raise the funds requisite to | ment, as well as the liens hearing on the said railways. In a separate document will be establish- | loans which shall not amount to more than ed the rights thus eeded and the res- six millions of pounds sterling, nominal pousibilities imposed by the foregoing value. clause on the Bondholders, and these shall | other responsibilities resting on the rail- be preferred over any other claim advan6.º The Government of Peru grants to : 0. From the proceeds of the first loan