from and after the 1" of October 1858, and to redeem it by annual instalments the first of which shall be paid on the 31" of December 1860, being 1 per cent, of a sum composed of the principal and of the aforesaid interest at the rate of 6 per cent, computed up to the 31st December 1859, and which instalment shall afterwards be increased every year by the amount by which the interest on the portion of the debt remaining unpaid is diminished, so that the whole debt will be redeemed in a period of thirty four years, according to a table annexed to this convention exhibiting the calculation. Article 3. The Argentine Confederation will issue for each claim thirty four coupons, payable to bearer representing the sums to be paid on the 31st of December of each year, till the total extinction of the debt and bearing interest at 6 per cent, which interest will be paid half-yearly, viz, on the 30th of June and 31st of December of each year beginning with the 30th of June 1860, till the total extinction of the debt. The coupons for all claims already settled will be delivered to her Britannic Majesty's Legation for the claimants at the time of the exchange of the ratifications ot this Convention, and those of other claims will be respectively delivered within one month after each has been settled by the Argentine Commissioners of liquidation and her Britannic Majesty's Minister or his representative. Article 4. These coupons will be received, from the day of their issue, at the treasury of the Argentine Government at par, in payment for public lands and they will also be received, at par in the principal custom houses of the Confederation, and for the present, in those of Mendoza, Rosario, Corrientes, Gualeguaychú, in payment of customs dues, after the first of January of the year in which they respectively fall due. The bearer will be credited with the interest on the coupon up to day on which it is received either for the purchase of public lands or payment of customs dues. Article 5. The coupons and interest will, always be paid in silver dollars, or in ounces at the legal value of seventeen dollars to the ounce. Article 6. All the revenues of the Argentine Government are made chargeable for the fulfilment of the present Convention. Article 7. In as much as similar Conventions are this day signed by the same Plenipotentiaries of the Argentine Confederation and Plenipotentiaries of France and Sardinia respectively, the Argentine Government agrees to the appointment of a commission composed of the Minister or Chargé d'Affaires of Great Britain, France and Sardinia, and of three members named by the Argentine Government which shall have for object to endeavour to settle amicably any differences which may arise with regard to any of the three Conventions. Article 8. The ratifications of this Convention will be exchanged at Paraná within eight months or sooner if possible. In witness whereof the respective Plenipotentiaries have signed the same, and have affixed thereto the seals of their arms. Done at Paraná, provisional Capital of the Argentine Confederation, on the twenty first day of August, in the year of our Lord One thousand eight hundred and fifty eight. (L. S.) W. D. Cristie. Table annexed to the Convention. Calculation showing how the debt will be paid off in thirty four years, beginning in 1860, and ending in 1893. On a supposed debt of 100,000 dollars, the interest payable in the year 1860 will be 6000 dollars, and 1000 will be paid off at the end of the same year. The amount paid off in every succeding year increases exactly as the amount of interest for the year diminishes; interest and instalment of payment making a total of 7000 every year, except the last, when there is only a small re mainder of the debt. 1865..... 1866..... 1874.... 1876..... 1877..... 94.361..... 5661.. 85.022..... 5101.. 83.123..... 4987.. 1263... 1339.. . 1899... 2013... 2134.. 2262.. In order to determine more clearly some of the stipulations contained in the Conventions concluded on the 21st of August 1858 between their Excellencies the Ministers Plenipotentiary of England and France and the Chargé d'Affairs of Sardinia and the Minister Plenipotentiary of the Argentine Confederation, and in order to facilitate the carriyng out of the same The undersigned that is to say George Fagan Esquire Her Britannic Majesty's Chargé d'Affaires, subject to the approbation of his Government, and his Excellency Brigadier Gral. and Senator D. Tomas Guido, in virtue of the full powers conferred on him by his Excellency the Vice President have agreed in the following Articles: Article 1. Articles 2° and 9 of the Convention of the 21st of August 185and the Protocol of the same day are chancelled, and are replaced by the following additional articles to the said Convention which articles shall have the same force and value as if they had been inserted therein word for word. Article 2, To the principal of each sum awarded as compensation settled and liquidated in action, interest shall be added in the following proportions: In the case of claims arising out of destruction and forcible seizure of cattle destruction of farm property, sequestration of merchandise, thefts, and other losses, fifty per cent, interest in the aggregate may be paid the date of the acts which gave rise to the claim. In the case of forced loans and other debts whose amounts was clearly defined originally, five per cent per annum shall be paid calculated from the date of the acts which have occasioned indemnity, or from the date of their recognition, of the 1st of October 1859, even although the certificates given on account of the loan may fix the interest at one per cent per month, or twelve per cent per annum. In the case of claims arising out of requisitions made, and other debts contracted, during the siege of Buenos Aires, from the 29th of January 1853, to the raising of the siege, and in the case of those which may have arisen in other Provinces subsequent to the year 1852, five per cent per annum shall be paid from the date of the facts to the same date of the 1st of October 1859. It is understood that none of the claims mentioned in the foregoing paragraph on account of the siege shall include those which are comprised in the arrangements made, or about to be made, between the agents of England and the Government of Buenos Aires. Article 3. The Government of the Argentine Confederation binds itself to pay interest on the debt at the rate of six per cent per annum from and after the 1" January 1860, and to redeem by annual instalments of one per cent per annum, the first of which shall be made with the first payment of the said interest of six per cent |
