To the amount of each of the said installments
shall be added interest at 4 per cent thereupon, as upon the other
installments then remaining unpaid, the said interest to be computed
from the day of the exchange of the present convention."
It was also stipulated on the part of the United States, for the
purpose of being completely liberated from all the reclamations
presented by France on behalf of its citizens, that the sum of 1,500,000
francs should be paid to the Government of France in six annual
installments, to be deducted out of the annual sums which France had
agreed to pay, interest thereupon being in like manner computed from
the day of the exchange of the ratifications. In addition to this
stipulation, important advantages were secured to France by the
following article, viz:
The wines of France, from and after the exchange of the ratifications of
the present convention, shall be admitted to consumption in the States
of the Union at duties which shall not exceed the following rates by the
gallon (such as it is used at present for wines in the United States),
to wit: 6 cents for red wines in casks; 10 cents for white wines in
casks, and 22 cents for wines of all sorts in bottles.
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