280 ArPENDix. 



The Tribunal is therefore of opinion, by a majority of three to two voices, 



That there is no ground for awarding to the United States any sum by way 

 of indemnity under this head. 



And whereas prospective earnings can not properly be made the subject of 

 compensation, inasmuch as they depend in their nature upon future and uncer- 

 tain contingencies, 



Tiie Tribunal is unanimously of opinion. 



That there is no ground for awarding to the United States any sum by way 

 of indemnity under this head. 



And whereas, in order to arrive at an equitable compensation for the dam- 

 ages which have been sustained, it is necessary to set aside all double claims for 

 the same losses, and all claims for ' ' gross freights " so far as they exceed ' ' net 

 freights;" 



And whereas it is just and reasonable to allow interest at a reasonable rate ; 



And whereas, in accordance with the spirit and the letter of the Treaty of 

 Washington, it is preferable to adopt the form of adjudication of a sum in gross, 

 rather than to refer the subject of compensation for further discussion and de- ' 

 liberation to a Board of Assessors, as provided by Article X. of the said Treaty : 



The Tribunal, making use of the authority conferred upon it by Article VII. 

 of the said Treaty, by a majority of four voices to one, awards to the United 

 States the sum of fifteen millions five hundred thousand Dollars in gold as the 

 indemnity to be paid by Great Britain to the United States for the satisfaction 

 of all the claims referred to the consideration of the Tribunal, conformably to 

 the provisions contained in Article VII. of the aforesaid Treaty. 



And, in accordance with the terms of Article XI. of the said Treaty, the Tri- 

 bunal declares that all the claims referred to in the Treaty as submitted to the 

 Tribunal are hereby fully, perfectly, and finally settled. 



Furthermore, it declares that each and every one Of the said claims, whether 

 the same may or may not have been presented to the notice of, made, preferred, 

 or laid before the Tribunal, shall henceforth be considered and treated as finally 

 settled, barred, and inadmissible. 



In Testimony whereof this present Decision and Award has been made in 

 duplicate, and signed by the Arbitrators who have given their assent thereto, 

 the whole being in exact conformity with the provisions of Article Vll. of the 

 said Treaty of Washington. 



Made and concluded at the Hotel de Ville of Geneva, in Switzerland, the 

 14th day of the month of September, in the year of our Lord one thousand eight 

 hundred and seventy-two. 



(Signed) C. F. Adams. 



(Signed) Fredkuic Sclofis. 



(Signed) St^emi'fli. 



(Signed) Vicomte d'lxAJUBA. 



