NEW CHARTER AND AGREEMENTS. 



or priority. If, on the other hand, the dehenture debt shall at the expii-ation 

 of such term be less than £15,000, or in case there should be no part of the 

 said debenture debt then owing or unpaid, the Commissioners, in the foimer 

 case, shall pay to the Society such a sum as when added to the amoimt of 

 debenture debt then owing or unpaid, shall constitute a total sum of £15,000 ; 

 and the Commissioners shall in the latter case pay to the Society the full sum 

 of £16,000 ; and the Commissioners shall make their election to renew or 

 take upon themselves such payment within six calendar months fi'om the 

 receipt of the notice requiring a renewal. If the Commissioners elect to 

 renew, a renewal shall take place accordingly, but tlie proviso for re-entry 

 shall be so fi-amed as to operate immediately and without a suspension of the 

 first five years of the renewed term. 



21. If the Commissioners elect not to renew, they shall give a bond under obligation 

 their common seal to the Society, to secure the due performance of the griISedby 

 obligation which they are to undertake in respect of the portion of debt of the Sio"™if 

 Society, not exceeding £20,000 remaining mipaid, or of the payment of the Jj^t^j'°°' 

 sum not exceeding £15,000 as aforesaid, as the case may be, in which bond "new. 

 some certain day, not being more than 12 months from the date thereof, 



shall be named for the principal sum of money thereby conditioned to be 

 paid, and in the meantime interest at the rate of £5 per cent, per annum 

 shall be payable thereon. 



22. The costs of the original lease and counterpart, and of any renewal, coatsof 

 and of these presents shall be paid by the Society. J-enewaUo 



23. If either of the parties hereto shall differ as to the constraction of the sod"™''^ 

 terms and provisions herein contained, or the mode in which this present Differences 

 agreement is to be executed, or as to the provisions to be contained in any by arbitra- 

 lease to be granted in pursuance of these presents, then all questions in ' 

 difference shall, on the application of either party, be determined by an 

 arbitrator to be named in writing by Her Majesty's Attorney-General for the 



time being ; and the decision of such arbitrator in wiiting, within the time, 

 and as shall be du-ected by the said Attorney-General, shall be binding on all 

 parties. In ivitness whereof, the Commissioners and the Society have 

 hereunto aflixed their Common Seals above written. 



SUPPLEMENTAL AGKEEMENT. 

 Articles op Agreement made this 20th day of November in the year of rreamWe. 

 our Lord 1860, between the Commissioners for the Exliibition of 1851 

 (hereinafter refeiTed to as " the Commissioners ") of the one part, and the 

 Horticultural Society of London (hereinafter referred to as " the Society ") of 

 the other part. Whereas by certain articles of agreement bearing date the 

 24tli day of July 1860, and made between the Commissioners of the one part 

 and the Society of the other part, it hath been covenanted and agreed between 



217 



