Page:United States Statutes at Large Volume 8.djvu/209

 CONVENTION WITH GREAT BRITAIN. 1802. l97 di-ed thousand pounds sterling, payable at the times and place, and in the manner following, that is to say: the said sum of six hundred thousand pounds sterling shall be paid at the city of Washington, in three annual instalments of two hundred thousand pounds sterling each, and to such person or persons, as shall be authorised by his Britannic majesty to receive the same; the first of the said instalments to be paid at the expiration of one year, the second instalment at the expiration of two years, and the third and last instalment at the expiration of three years, next following the exchange of the ratifications of this convention. And to prevent any disagreement concerning the rate of exchanges, the said payments shall be made in the money of the said United States; reckoning four dollars and forty-four cents to be equal to one pound sterling. Ami. II. Whereas it is agreed by the fourth Article of the definitive The fourth N-. treaty of Peace, concluded at Paris on the third day of September one fi¢l¢ ¤f¢h¤¤‘¤¤- thousand seven hundred and eighty-three between his Britannic majesty gg fgfxvgio and the United States, that creditors on either side should meet with no prjvgftg dcbts, lawful impediment to the recovery of the full value in sterling money of f¤¢<:,lg¤iZ<’d fwd all bona fide debts theretofore contracted; it is hereby declared, that °°“ ""€d‘ the said fourth article, so far as respects its future operation, is hereby recognized, confirmed and declared to be binding and obligatory on his Britannic majesty and the said United States, and the same shall be accordingly observed with punctuality and good faith, and so as that the said creditors shall hereafter meet with no lawful impediment to the recovery of the full value in sterling money of their bona fide debts. Ama III. It is furthermore agreed and concluded that the commis- Commission, sioners appointed in pursuance of the seventh article of the said treaty ers to execute of amity, commerce and navigation, and whose proceedings have been ;l‘fn‘;g‘;g“,;;n suspended as aforesaid, shall, immediately after the signature of this b,?,;,,, ythm-tg. convention, reassemble and proceed in the execution of their duties ac- ele of the treaty cording to the provisions of the said seventh article; except only that °f1794· instead of the sums awarded by the said commissioners being made payable at the time or times by them appointed, all sums of money by them awarded to be paid to American or British claimants, according to the provisions of the said seventh article, shall be made payable in three equal instalments, the first whereof, to be paid at the expiration of one year, the second at the expiration of two years, and the third and last at the expiration of three years next after the exchange of the ratifications of this convention. ART. IV. This convention, when the same shall have been ratified ltatitication of by his majesty, and by the President of the United States, by and with lm °°’“’°”“°"• the advice and consent of the senate thereof, and the respective ratifications duly exchanged, shall be binding and obligatory upon his majesty and the said United States. In faith whereof, We the undersigned plenipotentiaries of his Britannic majesty and of the United States of America, by virtue of our respective full powers, have signed the present convention, and have caused the seals of our arms to be aflixed thereto. Done at London, the eighth day of January one thousand eight hundred and two. HAWKESBURY, (L. s.) RUFUS KING, (ras.) s2