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1.º The Committee of the Bondholders, with the condition accepted by the Bondin representation of the same, exoner- h ates the Government of Pern, fully, abso- assume the responsibility for any claims lutely and irrevocably from all responsi- | which the said holders or constructors of bility for the loans of 1869, 1870 and | the railways may have against the Govern1875. 2.º The Government of Peru cedes to the Bondholders of the said loans, all of the national railroads and will place them in possession of the same in the condition in which they are now found, for the terin of sixty six years to be reckoned from the | be relieved by the Government from all | established by virtue of this clause, shall date of delivery of said railroads. The railroad from Payta to Piura being ; ways which are not especially specified.