New-York tribune., 1919-12-30
FINANCIAL

sion Trustee tho Receivers. ns the case
direction Of the COMPANY vs .owards the pay
ment OF tn" claims cf other Of its creditors.
and Yor its other corporate purposes free
and discharged of all claim. Hen charge or
contention OF the holders Of Second Division
Hords and OF the Second Division Trustee :.
also TO authorize assent to and direct the
SECOND Division Trustee and the Receivers
70 mako the payments and deposits provided
for In Division l hereof, and to pay over.
ing funds and securities 10 the Company. or.
according TO its direction. freed aforesaid:
such waiver and consent. however. shall be-
con, come - en.ch'c only upon payment 70. tho
said Trustee Of the arrears ri Sinking Fund
above mentioned and iho deposit with tho
sr1s,ss sra ,ss & Of sa,a 100000 Of Funding bonds
TOT tho purpose OF paying and with irrevo-
cable instructions to pay said arrears or In
waiver and consent shall not impair. preju-
oice or affect the rights OF the Trustee or
OF tho Second Division Bondholders respect
Ing ng. any default arising after January,
1920. or respecting any proceeds from any
part part Of the mortgased premises that may
he so applied shall be construed to include
not only all ordinary receipts usually desig
mated as Income" such as rerts, interest.
also ta) the sum Of about 1890 900 in
american moneys and about 1890. 900 ot
French 5rsncs and f6os6ss,o2 Sterling. par
tissue Of 1910. net balance in hands OF Re-
ceivers from amounts collected from tho fe-
Pso'iq a of Bs.sl sos under Decree No 5s7s dated
executed June. 1908. pursuant thcreto. and
tho various contracts and DEGREES supple
known rs the Brazilian Government Guar
antee, and any other moneys and securities
from the same source which may be col
leeted by the Company or its Receivers. or to
which they or either of them may Re entitled.
or which may be earned or allowed for the
period up 20 and including January. 1920:
tORPthAr n e1f f,-Hc md
securities; and (b) tho sum Of approNmate-
ly 100000 deposited with BanQue Francaise
to In certain agreement between the Re-
ceivers. the Trustee and others made
about 13 July, 1915. and representing collec-
tions made prior to 1915 under the Brazilian
Government Guarantee, together with interest
thereon
III The Bondholders TO consent and agree
that the rate OF interest all bonds issued
under an Indenture Of Trust and First Mort
gage dated lS November. 1905. between the
Company and National Trust Company Linn
First Division Bonds) shall be increa sed
from FIVE per centum per annum TO Ave and
one-haf per csntum per annun,. payable
however. only in lawful currency Of Great
Britain II coupons arc presented In London,
or II presented at the other places men
Division Bonds payable In lawful currency
OF the country where such payment is made
to an amount equivalent to tho said amount
In British currency calculated at the average
the tenth day before the date fxed for pay
ment OF such interest, In lieu OF the present
provisions OF said First Division Bonds and
coupons with respect TO payment thereof In
other currencies at certain fixed rates OF ex-
change.
". TO receive and consider reports Of
the Receivers and of the Second Division
Trustee and 70 approve all acts and oniis-
sions Of the Receivers and OF Empire, Trust
Of March. 1909. or otherwise; and without
III any way limiting the generality of such
approval and ratification.
ea) To approve the action of the Second
Division Trustee. the Receivers and the Com
pany In concurring dn accord with the Bra
znian Government in q Consolidated Con-
September. 1916 Incorporating and consoli-
dating the original Concession ana the
various notifications which haze been made
therein, and 20 ratify. approve and adopt
such Consolidated Concession and Contract:
P1otided; no.corcr, that neither such approval
and ratification nor the pendsncy Of any
Trustees TO entosce provisions of the Mort
gage or Trust Deeds securing said tTo
e"-ies ~ bonds respec;iVeli', nor other cause
soever shall prejudice, alter or atrec. o, be
construed = prejudice. alter or affect any
lien, right, interest or claim OF the holders
Of Second Division Bonds. or of the Second
Division Trustee, OF the Company arising
under or by reason OF any concessionary
contract between the Company and the Bra
lillian Government. including said Consoli
dated Concession or Contract OF IS Sepsem-
Der 1916
10, To approve and ratify the action Of
the Receivers, Second Division Trustee and
Mamore Composition Agreement. the agree
inent with Ban,t of Scotland for settlement
Of its claims against Madeira Mamore Rail
way Company. the proposed agreement be-
tween Rra;:! Nail~A AZ Company and The
Company for a divsios Of ,he moneys and
securities 70 Dc received under the MADEIRA
Mauore Compositiop Agreement under which
s0.7s per cent shall &c 10 E3-azil Railway
Company and 1921 to Port OF Para The
~
Amazon river steam Navigation Cotnpany
etelN. Limited Tho purchase by the lta-
ceite.s OF ..5..o 20 Of Deoentrres and 100
s'.arca OF said Amazon Company. the sur
render OF tro river steamers pledged TO
secure the Amazon Comaany's se'on. scri=s
Of Debeutares fo7 other property net covered
stcalnefs aud certain other property Of Sc
Amazon Company ana Ok one tug and one
the Receivers % said Amazon Company Of
moneys materials. etc. Tor the operation,
management and olher requirements OF said
Amazon Cctnpany.
(cl To au.hoti1e and dire4t The Second
Division Trustee to release from ,Ae lien OF
the >econd Division Mortgage and 10 deliver
70 ihe coaipany $500 share * preferred
ocn and $1,000 SHARES ol common STOCK os
Madeiia- Mamofs railway Company. but oul.
70 .ne extent necessary 10 enable the Com
pany 10 carry c4t The terms OF the Madeira
Aiamore Competition Agae,uen a:.a 70 re-
lease 100000 ia d-ira- Memore Eaiway
COMPANY r., p'onissory i.o;rs WIN Al III
Braz.l Railway Company b Port oc Para.
Aud all indebtedness OF said Madeira -MaJno.a
Railway Corl1 Any re!ea ed or interGe, 10 he
re-ss sed a. IN said Composition Agreement
D-oyi idcl.
y To cousider ard !! deemed best 70
confer upon the Company authority n IT'S
discretion 10 sell or otherwise dispose OF
.ts holdings ard Interest III tAe Amazon
River SleaIu Navigation Co.npans eu,er-
prise, including, but not thereby limiting
The generality OF the foregoing d=scr!ptio...
no 'flf Df Ia
steam Navigation Company UsliD Linn
tied, ana all its rights claims and de
i..ands IN, 70 and against Said Con.p..n.
aid its rights PRIVILEGES. franchise.
lTopc-iy and assets; and Il SUCH sale {.
other disposa! shall be determined upon by
tho Company at any t.i..e. 10 authorize.
empower ear liteC. The second Division
Trustee 10 conss thet6,o ana 70 execute
the necessary do-d or deeds OF relcas. ana
! or othe. !ocessnry releases. consents and
may b. o. be deerned b. TIC Company
necessary OF advisable 20 carry INTO effect
such snis cr ut her dispoeai OF tia Cora
pany's Amazon River Steam Navigation
Company N9iD Limited, cntcrplise and
It's holdings aud Interest therein. ana upon
such terms condi1ions ana price as tho
Com PAM fna} approve ana direct.
W. THe Company to be authorized IN
it's discretion to rcpu.ch4sc from any cred
iter AT sny future tine all OK any or the
Second DiEisiop hoDGs which said creditor
shall IS provided IL said plan of settle
its claim against th9 Company at d price
not exceeding that at which said creditor
shall accept same plus accrued interest
and TO use for that purpoee any capita,
mone;s which may hereafter come into
the hands OF the Second Division Trustees
. rf oa L. ~