‘STATE PAPERS. 
geed to execution, to which he is 
entitled. 
The required security must sti- 
pulate that the mortgage holder 
shall receive, at the expence of the 
owner of the plantation, a new 
mortgage for the whole amount 
of the debt then due to the for- 
mer, therein including both that 
part of the original debt, which 
is not discharged, and the interest 
due on the same, to the 31st De- 
cember, 1814. That this secu- 
rity shall reserve to the mortgage 
holder the right of preference 
before other mortgage-holders 
and creditors, to which he was 
entitled under his original mort- 
gage; that it shall be subject to 
a yearly interest, beginning with 
the Ist of January, 1815, of the 
same amount, and payable in the 
same way, as prescribed in the 
original mortgage; and that the 
whole amount of the new debt 
shall be payable at eight yearly 
periods, the first of which shall 
take place on the Ist of January, 
1820. This new security shall 
guarantee to the mortgage-hol- 
der all such means of legal 
redress, in case of non payment 
of interest, or being — behind- 
hand in the discharge of the 
principal whenever it shall be 
due; and all such other pre- 
ferable rights and advantages as 
he is entitled to under his al- 
ready existing mortgage; and 
shall place him, in relation to the 
debt, for which the new security 
has been given, in the very same 
situation in which he was with 
respect to his original claim on 
the plantation, with the exception 
alone of what relates to the time 
when the payment may be en- 
forced—in such way, however, 
that no later creditor shall derive 
406 
from this arrangement any the 
smallest competency, tothe injury 
of the rights of the original cre-~ 
ditor ; and that no farther post- 
ponement of the payment beyond 
what is here fixed, shall take 
place without the special consent 
of the creditor. : 
It is further appointed that, in 
order that the mortgage-holder 
may be eutitled to the security 
described in this article, he shall 
be bound, as soon as the said 
deed shall have been registered 
in the colony, and placed in 
the hands of the mortgage-hol- 
der, or his agent in the colony 
(the expences of which regis- 
tration must be borne by the 
owner of the plantation), to give 
up, in order to be cancelled, 
the deed of mortgage first pla- 
ced in his hands, or to give 
legal proof that this deed of 
mortgage or security for debt, 
has been duly cancelled, and is 
of no farther validity or effect. 
It being farther expressly de- 
termined, that with the exception 
of the provisions specified in this 
article, the rights of mortgage 
holders or creditors shall remain 
in their full force. 
V. All Dutch proprietors, who 
are recognised as such by. this 
Convention, shall be competent to 
supply, from the Netherlands, 
their plantations with the usual 
necessaries, and, in return, may 
export to the Netherlands the pro- 
duce of the aforesaid plantations ; 
but all other import of goods from 
the Netherlands into the colonies, 
or export of produce from, the 
colonies to the Netherlands, are 
strictly prohibited; andit is farther 
determined, that no export of any 
article that is prohibited to be 
experted thither from the British 
