To carry out the conditions of receiving the number of colonists the King obliged the Company of One Hundred Associates to lodge, board and maintain for three years all the French they should transport to the colony. After which, they could be discharged from their obligation, if they had put the colonists in the way of making their own living, either by distributing them on cleared land and supplying them with grain for a first crop, or otherwise. To provide for the maintenance of the established church there should be three ecclesiastics in each of the settlements to be formed during fifteen years, maintained in food and lodging and in everything necessary for the exercise of their ministry. In compensation for their outlay in advance, the king handed over to the Associates the Seigneury of Quebec and of the whole of New France, with the reserve of fealty and homage and a crown of gold of the weight of eight marks, to be paid at each succeeding reign, and finally, of the institution of officers of Sovereign Justice to be nominated and presented by the Associates, when it should be deemed proper to have them appointed. Moreover, Louis XIII made a gift to the Associates of two war vessels of three hundred tons, ready equipped for sailing, and four culverins, with this clause, however, that if at the end of the first ten years they had not carried over fifteen hundred French of both sexes, they should pay the price of the aforesaid vessels. Among other privileges the king granted twelve patents of nobility signed, sealed and delivered, with a blank space left for the names of those of the Associates who shall be presented by the company and who shall enjoy with their heirs, born in lawful wedlock, these privileges for all time, thus starting the Seigneurial Land Tenure system which in 1854 yielded to that of freehold. With regard to commerce, the company should have perpetual privileges in the peltry traffic of New France, and for fifteen years only, all other commerce by land and sea with the reservation of the cod and whale fishery which should be free to all French traders. The colonists not maintained at the expense of the Associates should be free to trade with the natives for peltry provided that they forthwith hand over the peltry to the company which shall be obliged to purchase at the rate of forty _sols_, Tours currency, for each beaver skin. In consequence, the privileges accorded previously to Guillaume de Caen and his associates were revoked by the same edict, and trade in Canada was interdicted to them and other subjects of the kingdom, under pain of confiscation of their vessels and merchandise to the benefit of the new company. Cardinal Richelieu, however, allowed Guillaume de Caen, the privilege of the peltry trade for one year in indemnification for the loss of his charter.