Incorporation of the Royal Suez Canal Company (Imperial Suez Canal Company in France)
With the principal aim of restoring to working order the Suez Canal, and guaranteeing the freedom and neutrality of that waterway, the British Empire and France-Outre-Mer pledge hereby to:
...jointly finance the cost of reconstruction, in materials and manpower, estimated at 50IP or 25CP, or a combination of the two. The British Empire assumes responsibility for two thirds of this cost, or 34IP; France-Outre-Mer assumes responsibility for the remaining third, or 16IP.
...share in full the operating revenue of the Company, in dues and attendant facility profits, projected to be 2IP over a five year fiscal period. (2IP per turn.) Each party therefore receives 1IP in income upon completion of the venture.
...enshrine the sanctity of the Canal, which neither party will violate in a way which contravenes this agreement. The Canal shall remain open and inviolate to all parties or nations, excepting to those at war with either the British Empire or France-Outre-Mer.
Addition: Unless both parties have provided the capital owed under the agreement by the year 1935, ownership will default in full to that party which has met its obligations; if none have done so, this contract is duly dissolved and all parties released of any obligations.