100 FOREIGN TRADE ZONES

free port and the customhouse district alongside of the wall of the quay and
facing the interior bay. This passageway will be made a regular road in all its
width.
Streets and sewers will be constructed according to plans which will be fur
nished by the secretary of the interior.
ART. 4. The expenses necessary for the aforementioned work will be defrayed
by the harbor board from port funds supplemented by a contribution from the
State for the customhouse fence and by a contribution by the free port company—established
 by act of November 30, 1891, and which will be approximately
80,000 kroner—for the construction of the passageway indicated in article 3.
This elevated promenade over the mole will permit the company to construct
below the same a storehouse, of which they will have the exclusive use. °
ART. 5. The improvements to be made by the free port company (the southern
part of which will be preferably given over to commercial purposes, while the
northern part will be especially devoted to industrial purposes and the deposit
of large and bulky merchandise) are:
Construction of roads for the distribution, transportation, and deposit of
merchandise in the territory of the free port and of its junctions with the railroads
 which, in accordance with article 2 of the above-mentioned law, and under
direction of the secretary of the interior and at the expense of the Government,
will lead from the free port to the customhouse of Copenhagen and to the railroad
 of Nordjaeland, passing through the market of Vognman, and for a distributing
 station alongside of the free port.
Consolidation of the land on the aforementioned railroads up to a distance
of 2 feet on each side of the cut.
Construction of water mains, etc., with all the branches pertaining thereto,
excepting the sewers and canals of the streets mentioned in article 2.
Construction of warehouses and storerooms, such as those mentioned in
article 4, as well as the buildings for the customhouse, administration, ete.
Installation of drains and other machinery necessary for the service of the
free port as well as the installation of a power plant.
Installation of electric-lighting system.
Providing closed launches.
ART. 6. The improvements for the equipment of the free port will be undertaken
 by the company in the manner, extension, and time which may be indicated
 by the secretary of the interior. However, the secretary can not demand
that the storerooms beneath the elevated road of the eastern mole should cover
an extension of more than 800 feet. In order to meet the expenses which these
improvements may involve, the company may, if necessary, employ all its capital
 stock (4,000,000 kroner), less a reduction of 3 per cent (amounting to 120,000
kroner), which has been adjudged by the company to the Danish Mortgage and
Exchange Bank as a commission for the formation of the company, and the
amount of interest lost by the company during the time elapsed since its formation
 until the free port is open for use and the exact amount of which will be
determined by the secretary of the interior.
The bond prescribed by the above-mentioned law (art. 3, No. 3), which provides
 that all the capital stock with the exception of the above-mentioned reductions
 should be at all times available for the construction of the buildings and
equipment mentioned and as provided for by the secretary of the interior,
has been furnished by the company and certified to by the above-mentioned
bank in a letter written to the secretary of the interior under date of April 11
of last vear.