RESUME. 



357 



"Article 1. 



"The republic of Peru, and his Majesty, the Emperor of Brazil, 

 desiring to encourage, respectively, the navigation of the river Amazon 

 and its confluents by steamboat, which, by ensuring the exportation of 

 the immense products of those vast regions, may contribute to increase 

 the number of the inhabitants and civilize the savage tribes, agree, that 

 the merchandise, produce, and craft, passing from Peru to Brazil, or 

 from Brazil to Peru, across the frontier of both States, shall be exempt 

 from all duty, imposts, or sale duty, (alcabala,) whatsoever, to which 

 the same products are not subject in the territory where produced, to 

 which they shall be wholly assimilated. 



"Article 2. 



"The high contracting parties, being aware of the great expense 

 attending the establishment of steam navigation, and that it will not 

 yield a profit during the first years to the shareholders of the company 

 destined to navigate the Amazon from its source to its banks ("litoral") 

 in Peru, which should belong exclusively to the respective States, agree 

 to give to the first company which shall be formed a sum of money, 

 during five years, which shall not be less than $20,000 annually for 

 each of the high contracting parties, either of whom may increase the 

 said amount, if it suits its particular interests, without the other party 

 being thereby obliged to contribute in the same ratio. 



"The conditions to which the shareholders are to be subject, in 

 consideration of the advantages to be conceded to them, shall be 

 declared in separate articles. 



" The other conterminous States which, adopting the same principles, 

 may desire to take part in the enterprise upon the same conditions, 

 shall likewise contribute a certain pecuniary quota to it." 



The 5th clause of the 1st of the separate articles alluded to above 

 declares that the company to be formed shall arrange with both govern- 

 ments touching the respective points on the river Amazon, or Maranon, 

 to which the steamboats shall navigate, <fcc, &c. 



Article 3d, of the separate articles, declares that the agents of the 

 Imperial Government, with those of the government of Peru, duly au- 

 thorized, shall establish the enterprise ("contrataran la empresa") upon 

 the terms indicated in these articles. 



The persons undertaking the enterprise shall agree with the said 

 agents touching the mode and place in which they shall receive the 

 stipulated sums. 



