balance which may
still remain due of the debts for which it was liable at the date of
Annexation--to wit, the Cape Commercial Bank Loan, the Railway Loan,
and the Orphan Chamber Debt--which debts will be a first charge upon
the revenues of the Republic. The South African Republic will
moreover be liable to her Majesty's Government for L250,000, which
will be a second charge upon the revenues of the Republic.
ARTICLE VI.
The debt due as aforesaid by the South African Republic to Her
Majesty's Government will bear interest at the rate of three and a
half per cent, from the date of the ratification of this Convention,
and shall be repayable by a payment for interest and Sinking Fund of
six pounds and ninepence per L100 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
at the close of each half-year from the date of such ratification:
Provided always that the South African Republic shall be at liberty
at the close of any half-year to pay off the whole or any portion of
the outstanding debt.
Interest at the rate of three and a half per cent, on the debt as
standing under the Convention of Pretoria shall as heretofore be paid
to the date of the ratification of this Convention.
ARTICLE VII.
All persons who held property in the Transvaal on the 8th day of
August 1881 and still hold the same, will continue to enjoy the
rights of property which they have enjoyed since the 12th April,
1877. No person who has remained loyal to Her Majesty during the
late 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 VIII.
The South African Republic renews the declaration made in the Sand
River Convention, and in the Convention of Pretoria, that no slavery
or apprenticeship partaking of slavery will be tolerated by the
Government of the said Republic.
ARTICLE IX.
There will continue to be complete freedom of religion and protection
from molestation for all denominations, provided the same be not
inconsistent with morality and good order; and no disability shall
attach to any person in regard to rights of property by reaso
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