, 1875-01-30
lshment of Central Factories in st. Croix for the mani
facture of cane sugar

lshment of Central Factories in st. Croix for the mimi
taCture OF cane sugar
If before the end Of the year 1878 it be proved satisfactorily
to the Government of the Danish West India Islands that .
J~OntFStock Company for the purpose of establishing Central
Factories in St. Oroix for the manufacture of cane SUGAR, has
been formed in St. Crox, with a capital of at least one million
of dollars, the said Government, in behalf of the Colonial Traa.
sury of st. Croix, shall be empowered to grant such Joint.
Stock Company the iumuniies and facilities hereunder set:
d. The Colonial Treasury's guarantee for 6 per cent. iptaroat
(. a from the capital required for the performance of the under
taxing IN question IN the manner determined by plans of the
work and estimates OF expenses, which must previously be sub.
mitted to Government and have been approved bv the sam
ries commence full action, and lasts for a term of 20 years. dnr.
ing which time it secures 6 per cent. interest of the entire
capital, as above fixed, used in the erection and construction
OF the factories; in such a manner, that it the net proceeds of
the undertaking, calculated in the manner set down in the
statutes-that is: after the deduction of the percentage which
under the statutes shall be added to the Reserve Fund-shond
in any year fall short of 6 per cent. of the amount expended in
the erection and construction Of the works, the deficiency tbna
caused shall be paid out of the Colonial Treasury. SbonId dnr-
Ing one year, or several years, the net proceeds of the nnder
taking exceed 6 per cent. of the said capital, such surplus shall
made by the Colonial Treasury in order to fulfil the onarantoo
of interest; whereas otherwise no especial share of the snrnInS
Is reserved the said Treasury, beyond the right it Possesses ~
shareholder. If during the course of 5 consecutive wears, tme
guarantee assumed require a subvention from the Colonial Trea.
said Treasury, is entitled to assume the administration of tbo
Central Factories, subject in this regard to no other restriction
from the company, than the obligation to render every wear
complete account, and to divide the proceeds, if REQUIRED ano.
mented to 6 per cent, between the shareholders according to the
general rules laid down in the statutes. When under this adj
lSLIdO jig dcloTl curing . CONSECUTIVE years have
yielded q net proceed exceeding the interest guaranteed, or
when the subVentons made by the Colonial Treasury in conse.
quence of the guarantee of interest, have been wholly refunded,
the Company is entitled to demand That the administration oC
the Factories be restored to them. In consequence of the here.
in mentioned guarantee of interest, Gov eminent is entitled to
receive as aforesaid, plans of operations and estimates of expen-
SEES, as we'll as the statutes of the Company, and to control the
erection of the Factories and the use of the paid-up capital, nj
all of which regards the Company must submit to the rules
issued by Government.
b. Immunity from the use Of stamped paper for the shares
or other bonds Issued by The Company in St. Croix, in such a
manner that the said documents can he drawn up on unstamped
paper and may be transferred without the use of stamps.
o. Immunity from duty on the importation to st. Croix, Of
all the materials and machinery required for the first c0nstuo-
lion of Central Factories; provided such immunity be not con-
coded in consequence of Law 30th June 1850, relating to trade
and navigation in st. Cr0lx, 6, l, a. also immunity from ship
dues, oranage, wharfage and pilotage, eventually calculated on
in question are imported, as corresponds with the shiproom
thereby occupied.
To which all concerned have to conform.
Government of the Danish Westsndio Islands,
81. Thomas, the 2lst Of January 1875.
UNDER BY HAND AND THE SEAL OF GOVERNMENT.
AUG. GARDE.
Carl Htensen-