_e._ To undertake all financial operations with the scope of facilitating loans on real property, in order to improve roads, to improve and irrigate lands, to reclaim marshes, to plant forest trees, to develop industries and agriculture, to construct country houses, and dwellings in the towns. _f._ To receive sums in deposit, both with and without interest. 3d. The said bank shall have the exclusive right of issuing bank-notes to an amount equivalent to the sums lent to proprietors of real estate, or employed in the different operations designated in Article 2, for which the authority of the Tunisian Government is necessary. 4th. The establishment of any other commercial institution, bearing the name of _Crédit Foncier et Agricole Tunisien_ shall not be permitted, until after the expiry of 99 years after the date of the present decree. 5th. M—— is authorised to form a company to participate both in the advantages and responsibilities of the present decree. 6th. The capital of the company destined to guarantee the obligations thus incurred shall not be less than twenty millions of francs divided into shares. The company shall have the right to increase its capital without any further authorisation on our part. 7th. The administration of the _Crédit Foncier et Agricole Tunisien_ shall be under the care of M——, or of the company, which shall succeed him, and that, during the whole term of the concession, and without restriction or exception. 8th. The Tunisian Government shall be entitled on its part, to name a delegate to watch the operations of the bank, and with the mission to bring to our notice any infractions which may be committed against the terms and spirit of the foregoing decree. 9th. The _Crédit Foncier et Agricole Tunisien_ must conform to the local laws. It shall have the right to demand from us the promulgation of a special decree _in which shall be specified the guarantee which shall be accorded to the company in order that it shall not lose what it has lent_. Our Government is not responsible for the disputes which may arise concerning the title-deeds to property, and particularly as to the documents relating to the religious trust. For all the foregoing provisions, the Company agrees to conform to the religious law of the country, to recognise no other regulation that the local law, and to have recourse to arbitrations.”