ion, to wit, the sum of L48,000 in respect of the
Cape Commercial Bank Loan, and L85,667 in respect to the Railway
Loan, together with the amount due on 8th August 1881 on account of
the Orphan Chamber Debt, which now stands at L22,200, which debts
will be a first charge upon the revenues of the State. The Transvaal
State will, moreover, be liable for the lawful expenditure lawfully
incurred for the necessary expenses of the Province since the
annexation, to wit, the sum of L265,000, which debt, together with
such debts as may be incurred by virtue of the 9th Article, will be
second charge upon the revenues of the State.

ARTICLE 11. The debts due as aforesaid by the Transvaal State to her
Majesty's Government will bear interest at the rate of three and a
half per cent., and any portion of such debt as may remain unpaid at
the expiration of twelve months from the 8th August 1881 shall be
repayable by a payment for interest and sinking fund of six pounds
and ninepence per cent. per annum, which will extinguish the debt in
twenty-five years. The said payment of six pounds and ninepence per
L100 shall be payable half yearly in British currency on the 8th
February and 8th August in each year. Provided always that the
Transvaal State shall pay in reduction of the said debt the sum of
L100,000 within twelve months of the 8th August 1881, and shall be
at liberty at the close of any half year to pay off the whole or any
portion of the outstanding debt.

ARTICLE 12. All persons holding property in the said State on the
8th day of August 1881 will continue after the said date to enjoy
the rights of property which they have enjoyed since the annexation.
No person who has remained loyal to her Majesty during the recent
hostilities shall suffer any molestation by reason of his loyalty,
or be liable to any criminal prosecution or civil action for any
part taken in connection with such hostilities, and all such persons
will have full liberty to reside in the country, with enjoyment of
all civil rights, and protection for their persons and property.

ARTICLE 13. Natives will be allowed to acquire land, but the grant
or transfer of such land will, in every case, be made to and
registered in the name of the Native Location Commission,
herein-after mentioned, in trust for such natives.

ARTICLE 14. Natives will be allowed to move as freely within the
country as may be consistent with the requirements of public order,
and to leave it