Читать книгу Around the Black Sea. Asia Minor, Armenia, Caucasus, Circassia, Daghestan, the Crimea, Roumania онлайн

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There is no subsidy or guarantee of interest or principal, and no financial obligation whatever on the part of the government, but the development company, which is organized under the laws of New Jersey, with the right to form subordinate companies, will have the exclusive right for ninety-nine years to exploit and work directly, or by leases to others, all mineral and petroleum deposits, all quarries, mineral water springs, known or unknown, within an area of twenty kilometres on both sides of the tracks for the entire distance, a total of about fifteen hundred miles through the heart of Turkey. It has the exclusive right to all water-power within twenty kilometres of the track on both sides for electricity or manufacturing purposes; it is authorized to furnish light and power to all towns and cities within a zone of one hundred kilometres on both sides of the track; it has the exclusive right to operate boats on Lake Van and build and operate smelters, furnaces, elevators, warehouses, wharves, machine-shops and a variety of other industries. One of the most important features of the concession is the right to establish stores to sell such merchandise as it may deem proper or useful to the public and to its own employés. The company is authorized to construct and operate telegraph lines for its own use, but it cannot do a commercial business, because that would interfere with the government telegraph, which is a part of its postal service.