These facilities, privileges, concessions and benefits in the agreement were three, namely (1)provision for sufficient and adequate land or lands absolutely free of any cost, revenue or cess whatsoever, for the construction and erection of factory etc.for starting the industries mentioned in the agreement; (2)making of arrangements for the supply of adequate and sufficient quantities of suitable water, whatever available, for the above mentioned industries on most concessional and suitable terms; (3) granting of exemption to the above mentioned industries and/or any concern or concerns promoted or started or to be hereinafter promoted or started for the establishment and starting of all or any of the above mentioned industries from the payment of all taxes and/or duties, in any form or nature whatsoever, on their incomes, prolits, gains or busi ness, levied or to be hereinafter levied in the Gwalior State, or any part thereof, for a period of twelve years reckoned from the date on which the factory or factories of the abovementioned industries has or have started, working or starts or start working.