♦TREATY CONCLUDED AT VALENÇAY. DEC. 11.♦ Upon his return, Buonaparte dispatched the Duque de S. Carlos to Valençay to negotiate, on Ferdinand’s part, with Laforest; and a treaty was easily concluded to this effect, that the Emperor of the French recognized Ferdinand and his successors as Kings of Spain and of the Indies, according to the order established by the fundamental laws of Spain; and that he recognized the integrity of the Spanish territory as it existed before the war, and would deliver up to the Spaniards such provinces and fortified places as the French still occupied in Spain: Ferdinand obliging himself, on his part, to maintain the same integrity, and that also of the adjacent isles and fortified places, and especially Minorca and Ceuta; and to make the English evacuate those provinces and places, the evacuation by the French and English being to be made simultaneously. The two contracting powers bound themselves to maintain the independence of their maritime rights, as had been stipulated in the treaty of Utrecht, and observed till the year 1792. All Spaniards who had adhered to King Joseph were to re-enter upon the honours, rights, and privileges which they had enjoyed, and all the property of which they might have been deprived should be restored to them; and to such as might choose to live out of Spain, ten years should be allowed for disposing of their possessions. Prisoners on both sides were to be sent home, and also the garrison of Pamplona, and the prisoners at Cadiz, Coruña, the Mediterranean islands, or any other depôt which might have been delivered to the English, ... whether they were in Spain, or had been sent to America or to England. Ferdinand bound himself to pay an annual sum of thirty millions of reales to Charles IV., his father, and, in case of his death, an annuity of two millions to the Queen, his widow. Finally, a treaty of commerce was to be formed between the two nations, and till this could be done, their commercial relations were to be placed upon the same footing as before the war of 1792. ♦S. CARLOS SENT TO THE REGENCY. DEC. 8.♦