Section 30
SEC. 30. Within the term of fifteen days from the date of the acceptance of the concession as hereinafter provided, the grantee company shall deposit in the office of the Insular Treasurer in Manila, a sum, in money of the United States, equal to three hundred dollars for each kilometer of the concession; said deposit shall be returned to the grantee company in proportion and as the work be terminated and for lengths which shall not be less than ten kilometers. The grantee company shall lose all or part of said deposit in favor of the Insular Government if more than six months shall elapse without having begun the railroad, or more than three years shall elapse before it is terminated. The deposit shall not be forfeited when the termination of the works shall have been partially or totally interrupted by force majeure or by fortuitous causes. In case the grantee company desires to do so, the deposit herein required may, with the approval of the Civil Governor, be made in interest bearing' bonds, or other securities, at least equivalent, both in par and actual value, to the money deposits above required, and the interest due on the bonds or other securities shall, as it accrues, be paid to the grantee company or its order.