VII. If the import duties should be reduced or lowered, by whatsoever combination, so that their product or yield should not reach 50 per cent. of the present yield, which is reckoned at 8,000,000 reals, the said bonds shall not only continue to be admitted in payment of the 10 per cent. of the import duties, but they shall also be admitted in payment of all the revenues and taxes for their nominal value, up to the sum of 100,000 reals.

VIII. The bonds which may be issued in virtue of Articles III and IV, shall be received for their nominal value as cash, as guarantees and securities of all and every sum that has to be secured in favour of the national treasury.

IX. The Government of New Granada binds itself to extinguish the sum to which, according to Article II of this Convention, the debt due to Mr. Mackintosh, proceeding from the unpaid interest to the 31st of December, 1851, on the primitive capital of the credit, may amount; giving him in payment an equal amount in money, produce or bonds which, in any transaction that may be effected with the Government of Peru, may be obtained from it in favour of the Republic of New Granada, in liquidation of the share due to the latter, of the Columbian credit against the Republic of Peru, for the assistance which the latter received from the former in the furtherance of the war of independence. If the payment should be made in Peruvian bonds, they must bear the same interest, of at least 3 per cent.; the Granadian Government engaging itself to urge that the legal interest of Peru be assigned to them, and that Mackintosh receive them for their nominal value. But in case that the arrangement pointed out (the speedy conclusion whereof the Government of New Granada offers to promote and push forward,) should not be carried into effect within 6 years, reckoned from the Legislative approbation of this Convention, either because it has not been finished, or for any other reason, and that consequently there should not be delivered to Mackintosh the money, or the produce or the bonds mentioned, at the end of this period; it is hereby engaged and agreed that, on the expiration of this period, the Republic of New Granada shall issue and deliver to Mackintosh, for the sum to which the interest recognized in Article II may amount, bonds of floating debt, with interest at 3 per cent. per annum, from the 1st of June, 1855, in order that they may be extinguished at the same periods, and with the same funds, that are stipulated in regard to those which ought to be issued in accordance with Articles III and IV, to which they shall be assimilated, without any exception, for their redemption.

X. If the Government of Peru shall assume the part of the credit of Mackintosh treated of in Article IX, the interest upon this new capital shall be calculated at 3 per cent. from the 1st of

January, 1852, to the day on which the Peruvian bonds may be issued.

XI. In consequence of what has been settled in the preceding Articles, the Republic of New Granada will remain completely exonerated from all responsibility of whatsoever nature, arising from the claim put forward by James Mackintosh, to which a definite end is put by this Convention; and the said Mackintosh will acknowledge himself completely satisfied as to the claim that he had against the Republic of New Granada, as one of the States of the former Colombia, his debtor.

XII. The present Convention must be definitively approved of by the Government of New Granada, in order that it may have its effect, within the term of 5 months reckoned from this day. If that should not take place within this term it will be considered as null in all its parts, and Mackintosh will recover all the rights which he considers himself possessed of, and which he will be able to make valid in the manner most convenient to him.

Bogotá, 13th of December, 1851. (L.S.) M. MURILLO.

(L.S.) DANIEL F. O'LEARY.

CONVENTION referred to in Article I of the preceding Convention.

Convention entered into between Señor Manuel José Hurtado and James Mackintosh, Merchant of London.-London, December 27, 1825. (Translation.)

In order to determine and finally adjust the account, and put a stop to all disputes whatsoever between James Mackintosh, merchant, of London, and the Government of the Republic of Colombia, respecting a certain contract entered into on the 27th of February, 1821, by Don Luis Lopez Mendez with the above-mentioned James Mackintosh, and also as regards the purchase of the vessels Tarantula, Lady Boringdon, and Spey, the following Articles have been agreed upon by the said James Mackintosh, on the one part, and on the other by his Excellency Manuel José Hurtado, Envoy Extraordinary and Minister Plenipotentiary of the aforesaid Government, and duly provided with full and special powers for that purpose.

ART. I. That the said Government shall pay, and James Mackintosh shall receive, for and on account of the articles specified in the said contract, the sum of 150,000l., together with interest at the rate of 6 per cent. per annum, reckoning from the 7th of October, 1821; making in all, for principal and interest, up to the 7th of the present month of December, the sum of 187,5007.

II. That the said Government shall pay, and James Mackintosh shall receive for the aforesaid vessels, the sum awarded in the valuation made in Colombia, by order of the Government, together wlth interest at 6 per cent. per annum upon the said valuation, which must be produced, duly certified, by the said Government, and that whatsoever articles are not included either in that, or in the said contract, shall be allowed and paid for, together with the same rate of interest, separately and in addition to the said valuation.

III. That from the said valuation deduction must be made and credit given by the said James Mackintosh for the amounts in cash which the said Government shall prove to have paid for the vessels to Mr. William Skinner Marshall, as well as those, moreover, that it may have paid on account of the expenses incurred for them previously to their having come into possession of the Colombian Government.

IV. That the above-mentioned sum of 187,500l., together with the interest upon the 150,000l., from the 7th of December of this year, up to the day of payment, shall be immediately paid to the said James Mackintosh, in London, out of the funds provided by the said Government for that purpose; and that the amount of the valuation, together with the interest thereon, shall be paid in the same manner, as soon as the former amount and that of the deductions specified in Article III shall be liquidated.

V. That upon the payment of the 187,5007., and the interest as before mentioned, being duly verified, the said Mackintosh shall deliver over to his Excellency Manual José Hurtado a portion of the debentures issued by Don Luis Lopez Mendez, to the amount of 150,000l. of principal, in order that they may be cancelled, or a number proportionate to the sum which shall be paid, and in like manner there shall be delivered over to his Excellency the remaining 36,4757., upon the valuations, &c., being paid, conformably to the preceding Articles.

VI. That this Convention shall be null and void if the said sum of 150,000l. and the interest thereon, be not paid on or before the 31st day of July next.

VII. That the Government of Colombia shall not be liable to the satisfaction or payment of any claims or demands whatsoever of Captain William Hudson, in whatever manner they may be connected with the said contract or with the object of this Convention, but that the same James Mackintosh shall pay and satisfy all the claims and demands established by William Skinner Marshall and William Hudson respectively, and shall fully exonerate the said Government from the same.

VIII. That, upon proof being given of the payment of the before[1853-54.] 2 U

mentioned sum of 150,000l., and the interest thereon, as also of that of the amount of the valuations, together with interest, as mentioned in Article II., with the deductions set forth in Article III., all the said debentures shall be delivered up as here stipulated, and all the accounts, claims, and demands of James Mackintosh shall cease and determine, the said James Mackintosh being required to give the receipts and other instruments of acquittance and discharge which shall be considered necessary.

In faith whereof the present is signed at London, December 27, 1825.

MANUEL JOSE HURTADO.

JAMES MACKINTOSH.

ADDITIONAL AGREEMENT between the General Post Office of the United Kingdom of Great Britain and Ireland, and the Post Office-in-Chief of the Grand Duchy of Oldenburg-Signed at London, August 20, 1850.

THE General Post Office of the United Kingdom of Great Britain and Ireland and the Post Office-in-chief of the Grand Duchy of Oldenburg, being animated by a like desire to conclude an Additional Postal Agreement; the Most Noble the Marquis of Clanricarde, Postmaster-General of Her Majesty the Queen of Great Britain and Ireland, has furnished with full powers the Undersigned, William Leader Maberly, Lieutenant-Colonel in the service of Her Majesty the Queen of Great Britain and Ireland, Secretary of the General Post Office, &c.; and the Ministry of State of His Royal Highness the Grand Duke of Oldenburg, the Undersigned, Chevalier Colquhoun, LL.D., decorated with the insignia of the Imperial Ottoman Order "Iftihar" of the 1st class in brilliants, Commander of the Royal Saxon Order of Merit, Agent and Consul-General of His Royal Highness the Grand Duke of Oldenburg, &c.; who, after reciprocal communication of their respective full powers, found to be in due form, have agreed upon the following Articles:

ART. I. Newspapers, and periodical works allowed to pass as newspapers, sent direct between the United Kingdom and the Grand Duchy of Oldenburg, or when conveyed between the United Kingdom and the Grand Duchy of Oldenburg, by way of the territories of Hamburgh, Hanover, or Bremen, direct between any port in such territories and the United Kingdom, shall not be charged in the United Kingdom or in the Grand Duchy of Oldenburg with any rate of postage; except, however, when the trans

mission of such publications takes place by means of private ships, in which case a charge of d. sterling may be made on the delivery of each.

It is fully understood that the preceding stipulation does not in any way invalidate the right of the United Kingdom, or of the Grand Duchy of Oldenburg, to refuse conveying or distributing in their own territories, newspapers, in any cases where the laws and regulations concerning their publication and circulation have not been complied with.

II. Periodical works not of daily publication, and not allowed to pass as newspapers, published in the United Kingdom and in the Grand Duchy of Oldenburg, may be forwarded direct from one country to the other, by packet-boat or private ship, or by way of the territories of Hamburgh, Hanover, or Bremen, direct by packet-boat or private ship, between any port in such territories and the United Kingdom, under the following conditions, namely:

1st. They must be printed in the language of the country in which they are published.

2nd. They must be sent in bands or covers open at the sides, so that they may be easily examined.

3rd. The rate to be levied by the British Post Office, as well as by the Post Office of the Grand Duchy of Oldenburg, shall be fixed for each of the said offices as follows:

For every work not exceeding 2 ounces in weight, 1d. sterling. For every work above 2 ounces in weight, and not exceeding 3 ounces, 6d. sterling.

For every work above 3 ounces in weight, and not exceeding 4 ounces. 8d. sterling, and for every ounce above 4 up to 16 ounces (the limit of weight imposed on the transmission of such articles), 2d. more; every fraction of an ounce being reckoned as a full

ounce.

The postage of the said periodical works, so far as it belongs to either Post Office, must be paid on posting by the sender, and upon delivery by the receiver.

III. The inhabitants of both countries may send, direct from one country to the other, by packet-boat or private ship, or by way of the territories of Hamburgh, Hanover, or Bremen, direct by packet-boat or private ship, between any port in such territories and the United Kingdom, courses of exchange, prices-current, and such other printed papers as are allowed in the United Kingdom, as well as in the Grand Duchy of Oldenburg, to pass by post at a reduced rate of postage, under the following conditions, namely:

1st. The said printed papers must be published in the country which shall send them to the other country.