We the undersigned, as well in our own name, as by virtue of powers derived from the Congress of the United States of North America, promise and oblige ourselves to deliver, in the course of the present year, 1777, five thousand hogsheads, or five million weight of York and James River tobacco, to the Farmers-General of France, in the ports of France. ARTICLE II. The price of the tobacco, thus delivered, is fixed at eight sols per pound, net tobacco, mark weight, or forty livres tournois per cwt, and delivered into stores of the Farmers-General. ARTICLE III. All average, rotten, or spoiled tobacco, shall be cut off and deducted from the weight to be paid for, agreeably to the estimate, which shall be impartially made by experienced persons, by which a general average shall be fixed instead thereof. ARTICLE IV. There shall be a deduction, moreover, of four per cent, under the title of allowance for good weight, eight pounds weight per hogshead for samples, and two per cent discount on the amount of the invoice for prompt payment. ARTICLE V. The Farmers-General oblige themselves for the discharge of the amount of five thousand hogsheads, to remit at the disposal of Congress, and to pay into the hands of the banker, who shall be appointed by Messrs Franklin and Deane, or to direct their Receiver-General at Paris, to accept the bills, which shall be drawn upon him by Messrs Franklin and Deane, as far as a million of livres tournois, in the course of the ensuing month, and another million the instant of the arrival of the first ships loaded with tobacco, which shall be delivered to them; the said two millions making the balance and entire payment for the five thousand hogsheads, or five million weight of tobacco, mark weight, sold by Congress at the price of eight sols per pound, before agreed upon. ARTICLE VI. Should Congress be able to send to France a greater quantity of tobacco, whatever shall exceed the value of the two millions advanced by the Farmers-General, shall be remitted to them by Messrs Franklin and Deane, at the same price, and upon the same terms, and the Farmers-General oblige themselves to pay the value thereof in cash, or bills on their Receiver General, at three usances as customary. ARTICLE VII. And I, the undersigned Farmer-General, by virtue of a power vested in me by my company, subject and oblige myself in its name, to the full and entire execution of the six foregoing stipulated articles, and for the execution of the present, the parties have chosen their dwellings, that is to say, for Messrs Franklin and Deane, the Hamburgh hotel, University street, Parish of St Sulpice; and for the Farmers-General, at the hotel of the King's Farms, Grenelle street, Parish of St Eustache.