The Diplomatic Correspondence of the American Revolution, Vol. 10
History
The Diplomatic Correspondence of the American Revolution, Vol. 10
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
It is agreed, that creditors on either side, shall meet with no lawful
impediment to the recovery of the full value in sterling money of all
_bona fide_ debts heretofore contracted, excepting that the
respective governments on both sides may, if they think proper, pass
acts directing, that, in consideration of the distresses and
disabilities brought on by the war, and by the interruption of
commerce, no execution shall be issued on a judgment to be obtained in
any such case, until after the expiration of three years from the date
of this definitive treaty; nor shall such judgments include any
allowance for interest for the time that passed during the war, and
until the signing hereof.
ARTICLE V.
And whereas doubts have arisen concerning the true construction of the
5th Article of the provisional treaty, and great difficulties are
likely to arise in its execution, it is hereby agreed, that the same
shall be declared void, and omitted in this definitive treaty.
And, instead thereof, it is agreed, that as exact an account as may
be, shall be taken by Commissioners to be appointed for that purpose
on each part, of all seizures, confiscations, or destruction of
property belonging to the adherents of the Crown of Great Britain in
America, (exclusive of prizes made at sea, and debts mentioned in the
preceding Article,) and an account of all seizures, confiscations, or
destruction of property belonging to the adherents of the United
States residing either therein, or in Canada; and the said property
being duly appraized and valued, the accounts thereof shall be
compared, and the balance shall be paid in money by the party, which
has suffered least, within one year after such adjustment of the said
accounts. And it is further agreed, that all persons, who have any
interest in confiscated lands, either by debts, or marriage
settlements, or otherwise, shall meet with no lawful impediment in the
prosecution of their just rights.
ARTICLE VI.
The same as Article 6th of the preliminary treaty.
ARTICLE VII.
Public-domain text, read in full here on John Shaqi.
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