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1
378
The Story of the Atlantic Telegraph
·
Henry M. Field
78
"2.
Her
Majesty's
Government
engage
to
furnish
the
aid
of
ships
to
take
what
soundings
may
still
be
considered
needful,
or
to
verify
those
already
taken,
and
favorably
to
consider
any
request
that
may
be
made
to
furnish
aid
by
their
vessels
in
laying
down
the
cable.
"3.
The
British
Government,
from
the
time
of
the
completion
of
the
line,
and
so
long
as
it
shall
continue
in
working
order,
undertakes
to
pay
at
the
rate
of
fourteen
thousand
pounds
a
year,
being
at
the
rate
of
four
per
cent.
on
the
assumed
capital,
as
a
fixed
remuneration
for
the
work
done
on
behalf
of
the
Government,
in
the
conveyance
outward
and
homeward
of
their
messages.
This
payment
to
continue
until
the
net
profits
of
the
Company
are
equal
to
a
dividend
of
six
per
cent.,
when
the
payment
shall
be
reduced
to
ten
thousand
pounds
a
year,
for
a
period
of
twenty-five
years.
"It
is,
however,
understood
that
if
the
Government
messages
in
any
year
shall,
at
the
usual
tariff-rate
charged
to
the
public,
amount
to
a
larger
sum,
such
additional
payment
shall
be
made
as
is
equivalent
thereto.
"4.
That
the
British
Government
shall
have
a
priority
in
the
conveyance
of
their
messages
over
all
others,
subject
to
the
exception
only
of
the
Government
of
the
United
States,
in
the
event
of
their
entering
into
an
arrangement
with
the
Telegraph
Company
similar
in
principle
to
that
of
the
British
Government,
in
which
case
the
messages
of
the
two
Governments
shall
have
priority
in
the
order
in
which
they
arrive
at
the
stations.
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