drawn in the form used in the ordinary service of the Royal Treasury.

Art. 4. In the month which shall precede the four in the course of which an Engagement is to be paid, that Engagement shall be divided by the Treasury of France, into Bons au Porteur payable in Paris, in equal portions, from the first to the last day of the four months.

Thus the Engagement of Forty-Six Millions and Two-Thirds, falling due the Thirty First of March one thousand eight hundred and sixteen, shall be exchanged in the month of November one thousand eight hundred and fifteen, against Bons au Porteur payable in equal portions from the first of December one thousand eight hundred and fifteen to the thirty first of March one thousand eight hundred and sixteen; the Engagement of Forty-Six Millions and TwoThirds, which will fall due the Thirty-First of July one thousand eight hundred and sixteen, shall be exchanged in the month of March of the same year, against Bons au Porteur payable in equal portions from the first of April 1816 to the Thirty-First of July of the same year; and so on, every four months.

Art. 5. No single Bon au Porteur shall be delivered for the sum due each day, but the sum so due, shall be divided into several Coupures or Bills of One Thousand, Two Thousand, Five Thousand, Ten Thousand, and Twenty Thousand Francs, the which sums added together, will amount to the sum total of the payment due for each day.

Art. 6. The Allied Powers, convinced that it is as much Their interest as that of France, that too considerable a sum of Bons au Porteur

should not be issued at once, agree that there never shall be in circulation Bons for more than Fifty Millions of Francs at a time.

Art. 7. No interest shall be paid by France for the delay of Five Years which the Allied Powers allow to Her for the payment of the Seven Hundred Millions of Francs.

Art. 8. On the first of January 1816, there shall be made over by France to the Allied Powers, as a Guarantee for the regularity of the payments, a fund of interest inscribed in the Grand Livre of the Public Debt of France, of Seven Millions of Francs, on a capital of one hundred and forty millions.

This fund of interest shall be used to make good, if there should be need of it, the deficiencies in the Acceptances of the French Government, and to render the payments equal, at the end of every Six Months, to the Bons au Porteur which shall have fallen due, as shall be hereafter detailed.

Art. 9. This fund of interest shall be inscribed in the name of such persons as the Allied Powers shall point out; but these persons cannot be the holders of the Inscriptions, except in the case provided for in the Eleventh Article ensuing. The Allied Powers further reserve to Themselves, the right to transfer the Inscriptions to other names, as often as They shall judge ne

cessary.

Art. 10. The Deposit of these Inscriptions shall be confided to one Treasurer named by the Allied Powers, and to another named by the French Government..

Art. 11. There shall be a mixed Commission, composed of an equal number on both sides,

of Allied and French Commissioners, who shall examine, every six months, the state of the payments, and shall regulate the balance. The Bons of the Treasury paid, shall constitute the payments; those which shall not yet have been presented to the Treasury of France, shall enter into the account of the subsequent balance; those also which shall have fallen due, been presented, and not paid, shall constitute the arrear, and the sum of Inscriptions to be applied at the market price of the day, to cover the deficit. As soon as that operation shall have taken place, the Bons unpaid shall be given up to the French Commissioners, and the mixed Commission shall order the Treasurers to pay over the sum so determined upon, and the Treasurers shall be authorized and obliged to pay it over to the Commissioners of the Allied Powers, who shall dispose of it as they shall think proper.

Art. 12. France engages to replace immediately in the hands of the Treasurers, an amount of Inscriptions equal to that which may have been made use of, according to the foregoing Article, in order that the fund stipulated in the Eighth Article may be always kept at its full amount.

Art. 13. France shall pay an interest of Five per Cent. per Annum from the date of the Bons au Porteur falling due, upon all such Bons the payment of which may have been delayed by the act of France.

Art. 14. When the first Six Hundred Millions of Francs shall have been paid, the Allies, in order to accelerate the entire liberation of France, will accept, should it be agreeable to

the French Government, the Fund mentioned in the Eighth Article at the market price of that day, to such an amount as will be equal to the remainder due of the Seven Hundred Millions.

France will only have to furnish the difference, should any exist.

Art. 15. Should this plan not be convenient to France, the Hundred Millions of Francs which would remain due, may be discharged in the manner pointed out in the Second, Third, Fourth, and Fifth Articles; and, after the complete payment of the Seven Hundred Millions, the Inscriptions stipulated for in the Eighth Article shall be returned to France.

Art. 16. The French Government engages to execute, independently of the pecuniary indemnity stipulated by the present Convention, all the Engagements stipulated for in the Special Conventions concluded with the different Powers and Their Co-Allies, relativ e to the Cloathing and Equipment of their Armies; and engages for the exact deliverance and payment of the Bons and Mandats arising from the said Conventions, in as far as they shall not have been already discharged at the time of the signature of the Principal Treaty, and of the present Convention.

Done at Paris this Twentieth day of November, in the year of our Lord One thousand eight hundred and fifteen.

No 4.

CONVENTION

Concluded in conformity to the Fifth Article of the Principal Treaty relative to the occupation of a Militaty Line in France, by an Allied Army.

Art. 1. THE composition of the army of an hundred and fifty thousand men, which, in virtue of the Fifth Article of the Treaty of this day, is to occupy a military line along the Frontiers of France; the force and nature of the contingents to be furnished by each Power, as well as the choice of the Generals who are to command those troops, shall be determined by the Allied Sovereigns.

Art. 2. This army shall be maintained by the French Government in the manner following: The lodging, the fuel and lighting, the provisions and forage, are to be furnished in kind.

It is agreed that the total amount of daily rations shall never exceed two hundred thousand for men, and fifty thousand for horses, and that they shall be issued according to the Tarif an nexed to the present Convention.

With respect to the pay, the equipment, the clothing, and other incidental matters, the French Government will provide for such expense by the payment of a sum of Fifty Mil lions of Francs per annum, payable in specie from month to month, from the First of December of the year One thousand eight hundred