Page:United States Statutes at Large Volume 8.djvu/627

 APPENDIX. 5]5 9, 29 February, 1780,. . . . . . . . . . . . 750,000 10, 23 May, ditto, ,... 750,000 11, 21 June, ditto, ... . 750,000 12, 5 October, ditto,. . . . ... . 750,000 13, 27 November, ditto,. . . . . ... . .. . . . . . 1,000,000 -———-—4,000,00 14, 15 February, 1781,. . . . . ... . ... . . . . 750,000 15, 15 May, ditto,. . . . . . . . . . . . 750,000 16, 15 August, ditto, .. . . . . . . 750,000 17, 1 August, ditto,. . . . . . . . . . . . 1,000,000 1S, 15 November, ditto,. . . . . . . . . . . . 750,000 ——·——4 000,000 19, 10 April, 1782,. .. . . . . . 1,500,000, 20, 1 July, ditto,. . . . . . . . 1,500,000 21. 5 of the same month, ... .. . . 3,000,000 —-—-6,000,000 Amounting in the whole to 18 millions, viz. . . 18,000,000 By which receipts the said minister has promised in the name of con- Interest at Eve gress, and in behalf of the thirteen United States, to cause to be paid P"' °*""· and reimbursed to the royal treasury of his majesty, on the lst of January, 1788, at the house of his grand banker at Paris, the said sum of eighteen millions money of France, with interest at five per cent. per annum. Am. 2. Considering that the payment of so large a capital at the one Repaymentof stipulated period, the lst of January, 1788, may greatly injure the tinan- 01* °¤¤*· ces of the congress of the United States, and it may perhaps be even impracticable on that footing, his majesty has been pleased for that reason to recede in that respect from the tenor of the receipts which the minister of congress has given for the eighteen million livres tournois, mentioned in the foregoing article, and has consented that the payment of the capital in ready money, at the royal treasury, be in twelve equal payments of 1,500,000 livres each, and in twelve years only, to commence from the third year after a peace. Am. 3. Although the receipts of the minister of the congress of the Abatement ot United States specify, that the eighteen million of livres abovementioned, '·“*°'°°*- are to be paid at the royal treasury, with interest at five per cent. per annum, his majesty being willing to give the said United States a new proof of his affection and friendship, has been pleased to make a present ot, and to forgive the whole arrears of interest to this day, and from thence to the date of the treaty of peace; a favor which the minister of the congress of the United States acknowledges to How from the pure bounty of the king, and which he accepts in the name of the said United States with profound and lively acknowledgments. Anr. 4. The payment of the said eighteen millions of livres tournois Interest tod; shall be in ready money at the royal treasury of his majesty at Paris, in m*¤!¤h m P’°· twelve equal parts, and at the terms stipulated in the above second 5;:37 gg"? article. The interest of the said sum, at live per cent. per annum shall commence with the date of the treaty of peace, and shall be paid at every period of the partial payments of the capital, and shall diminish in proportion with the payments. The congress of the said United States being left, however, at liberty to free themselves sooner from this obligation by anticipated payments, in case the state of their finances will admit. Aivr. 5. Although the loan of five millions of tlorins of Holland, agreed to by the states general of the United Provinces of the Nether-