[Boundary.] Copy of the Report No. 5 of the Commissioners delegated for the operations. Extract from the Reports of the same Commissioners, with two drawings annexed. Ten sheets of the Kingdom to a scale of special Map of the Lombardo-Venetian 100, issued by the Geographical Institute of the Imperial and Royal Austrian-General Staff, are also annexed to the present Act, and declared to form an integral part of it; the general track of the Boundary is laid down thereon by a double line, blue and carmine. The Commission has moreover agreed upon the following definitive dispositions, which provide for specialities of the Frontier: ARTS. I to XIII. (See Table.) Ratifications.* Done and concluded at Venice, the 22nd of December, 1867. A. MAZZA. C. ROBILANT. A. DE CHARBONNEAU. J. KIRCHSBERG. KORWIN. * Ratifications exchanged at Florence, 17th March, 1868. [Danube Works Loan.] No. 410.-CONVENTION between Great Britain, Austria, France, Italy, Prussia, in the name of the North German Confederation, and Turkey, for the Guarantee of a Loan to complete the Works at the Sulina Mouth and Branches of the Danube. Signed at Galatz, 30th April, 1868. [This Convention will expire on the 24th April, 1883. See No. 439]. Preamble. Reference to Treaty of 30th March, 1856; and to Protocols of 28th March and 24th April, 1866. 1. Guarantee of Loan of £135,000. 2. Interest on and Redemption of Loan. 3. Power to pay Deficiency when Net Produce of Tolls is insufficient to pay Interest and Sinking Fund. 4. British Government to deposit at Bank of England sum necessary for payment of Interest and Sinking Fund. Other Powers to remit their Share. 5. Priority of Claim on produce of Tolls on the Danube. Rights of other Creditors. 6. Joint and Several Guarantee. 7. Ratifications. (Translation as laid before Parliament.*) Reference to Treaty of 30th March, 1856; and to Protocols of 28th March and 24th April, 1866. HER Majesty the Queen of the United Kingdom of Great Britain and Ireland, His Majesty the Emperor of Austria, King of Hungary and Bohemia, His Majesty the Emperor of the French, His Majesty the King of Italy, His Majesty the King of Prussia, in the name of the North German Confederation, and His Majesty the Emperor of the Ottomans, Having recognised the necessity of putting the European Commission of the Danube in a position to contract a Loan on advantageous terms, and by this means to complete the Works of improvement undertaken, or to be undertaken, at the Mouth and in the Branch of the Sulina, without imposing too heavy burdens on the Vessels of all nations which frequent the Lower Danube; And taking into consideration Articles XVI to XVIII of the Treaty concluded at Paris on the 30th March, 1856 (No. 264), *For French version, see "State Papers," vol. Iviii, p. 7. [Danube Works Loan.] which declare that a European Commission shall be charged to designate, and to cause to be executed, the Works necessary to put the Lower Danube before Isaktcha, its Mouths, and the parts of the Sea adjacent thereto, in the best possible state for Navigation; the said Treaty stipulating, moreover, that fixed Duties settled by the Commission may be levied in order to cover the expenses of such Works, as well as of the establishments intended to secure and to facilitate the Navigation at the Mouths of the Danube; The Public Act relating to the Navigation of the said Mouths, signed at Galatz the 2nd of November, 1865,* sanctioned in the sitting of the Conference of Paris, held on the 28th March, 1866 (No. 375); The decisions taken by the European Commission on the said 2nd November, 1865, on the 26th October, 1866, and on the 25th April, 1867, to the effect that new Works should be undertaken, in order to complete and render permanent the provisional improvements already effected at the Mouth and in the Branch of the Sulina, and that the cost of those Works should be covered by means of a Loan to be contracted by the Commission, and repayable out of the produce of the fixed Duties settled and levied. by it; The Resolutions adopted by the Conference of Paris in its sittings of the 28th March, and 24th April, 1866 (No. 375), concerning the term within which the new Works are to be finished; The Declarations made by the Delegate of His Imperial Majesty the Sultan in the sitting of the European Commission of the 9th May, 1866, and in that of the 16th October following, from which it appears that with the intention of facilitating to the said Commission the conclusion of its Loan, the Sublime Porte renounces its claim to the repayment of the advances which it has itself made to cover the first expenses of the above-mentioned Works, until the moment when the new Loan to be contracted in order to finish the completion of them shall have been entirely paid off; The Memorandum, dated the 15th October, 1866, submitted to the Powers which signed the Treaty of Paris, setting forth that the negotiations opened with a view to the said Loan have remained fruitless for want of sufficient Guarantees to offer to * Altered by Regulation of 8th November, 1870. See Treaty of 13th March, 1871. [Danube Works Loan.] capitalists, and that it will be impossible for the Commission to find the resources necessary for the completion of its task, without an efficient support on the part of its high constituents; * And the provisions of the above-mentioned public Act of the 2nd November, 1865, especially those of Articles XIV, XV, and XVI, relating to the collection and to the employment of the Sulina Tolls, and that of Article XXI, which ensures the benefit of Neutrality to the Works and establishments of every kind created by the European Commission, particularly to the Navigation Chest at Sulina; Have named for their Plenipotentiaries, that is to say: Her Majesty the Queen of the United Kingdom of Great Britain and Ireland, John Stokes, Esq., her Delegate in the said European Commission of the Danube, &c.; His Majesty the Emperor of Austria, King of Hungary and Bohemia, &c., the Sieur Alfred Chevalier de Kremer, Delegate in the said European Commission, &c.; His Majesty the Emperor of the French, the Sieur Louis Marie Adolphus Baron d'Avril, his Delegate in the said European Commission, &c.; His Majesty the King of Italy, the Sieur Stephen Castelli, his Consul at Galatz, &c.; His Majesty the King of Prussia, in the name of the North German Confederation, the Sieur Henry Ernest Werner, Count of Keyserling-Rautenburg, his Delegate in the said European Commission, &c.; And His Majesty the Emperor of the Ottomans, Suleyman Behidj Pasha, Beylerbey of Roumelia, his Governor of the Province of Toultcha, his Delegate in the said European Commission of the Danube, &c.; Who, after having exchanged their Full Powers, found in good and due form, have agreed upon the following arrange ments: Guarantee of Loan of £135,000. ART. I. Their Majesties The Emperor of Austria, King of Hungary and Bohemia, engages, subject to the assent of the competent representative bodies, to Guarantee the Interest and Sinking Fund of a Loan of Altered by Regulation of 8th November, 1870. See Treaty of 13th March, 1871. [Danube Works Loan.] 3,375,000 francs, or £135,000 sterling, to be contracted by the European Commission of the Danube; The Emperor of the French engages, subject to the Ratification of the Legislative Body of France, to Guarantee the Interest and Sinking Fund of the same Loan; The Queen of the United Kingdom of Great Britain and Ireland engages to recommend to her Parliament to enable her to Guarantee the Interest and Sinking Fund of the same Loan ;* The King of Italy engages, subject to the approbation of the Italian Parliament, to Guarantee the Interest and Sinking Fund of the same Loan; The King of Prussia engages, in the name of the North German Confederation, subject to the assent of the Reichstag and of the Federal Council, to Guarantee the Interest and Sinking Fund of the same Loan; The Emperor of the Ottomans engages to Guarantee the Interest and Sinking Fund of the same Loan; And it is understood that this Guarantee shall be joint and several between all the High Contracting Parties. Interest on and Redemption of Loan. ART. II. The Interest payable on the said Loan shall not be higher than 5 per cent., and the duration of the Redemption shall not exceed a period of 13 years, reckoning from the 1st January, 1871, the date at which the payment of the Loan will have been completed by the lenders. Reckoning from the first instalment, and until the 1st January, 1871, the joint and several Guarantee shall bear upon the Interest of the sums paid; and during the following years, upon the Annuities comprising both Interest and Repayment of the Capital, and not exceeding the total sum of 360,000 francs, or £14,400 sterling per annum. Powers to pay deficiency when Net produce of Tolls is insufficient to pay Interest and Sinking Fund. ART. III. If the net produce of the Tolls levied by the European Commission at the Sulina Mouth, in virtue of Article XVI of the Treaty of Paris (No. 264), after deduction of a sum not exceeding 400,000 francs, or £16,000 sterling, for the expenses of * An Act of Parliament was passed on the 31st July, 1868 (31 and 32 Vict., cap. 126) to enable Her Majesty to carry this Convention into effect. |