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We have the satisfaction of calling the attention all the rights and obligations established tween Peru aud Chile, in all that refers of the readers of "El Peru Ilustrado" to the following carefully executed translation of the agreement respecting the foreign debt of Peru. the continuation of the Railways &c. made between theGovernment and the Representative of the Bondholders in London, and now submitted to the consideration and decision of Congress in the special Extra session being held. - The great importance of this measure warrants the space that we have devoted to the reproduction of these interesting documents. TRANSLATION. Lime, October 29. 1888. To The Secretaries of the Honorable: Chamber of Deputies. I have the honor of sending to your Honorable Chamber, and through your worthy conduct, the original text of the longations of the railways before mentio- This stipulation shall not prevent the agreement which has been cffected between the Government and the Commissioner of the Bondholders of the foreign the Bondholders all the works construcdebt of Peru, and the document to which ted for the prolongation of the said milit refers, requosting that you will lay ways in the condition in which they now the same bofore the Honorable Chamber. are. This concession will expire at the end | perty of Peru. Among the objects of inducing the of five years if the Bondholders may not! ". The Government of Peru shall deconvocation of the extra session of Con- have made use of those works in the pro | liver to the Committee (Bondholders) gress, one of the highest and most important for the Republic. is most eer -! tainly, that referring to the foreign debt the Bondholders the free use of the moles of Eighty thousand pounds sterling each, of Peru. The Government, in view of or docks of Mollendo, Pisco, Ancon, , in the manner now to be described. the duties which the solution of such a Chimbote, Pacasunmayo, Salaverry and Paydelicato question imposed upon it, whilo accepting the said agreement, resolved to submit it to the action of Congress, repair and working of the railways and and this I have the pleasure of doing ! their branches. through your worthy selves. May God guard you. (Signed)-Antero Ispillaga. TRANSLATION. CONTRACT WITH THE BONDHOLDERS. Between the Minister of Finance and shall be subject to the prescribed Custom Comincree of the Republic of Peru, don House formalities. Antero Aspillaga, and John Luke George, Earl of Donoughnore, representative of the Bondholders; the right of freely navi- dered as an attribute of the said Comthe British Committee of the Bondholders of the foreign debt of the Republic, as established by a power of attorney granted at London on the 30 of July, 1888, before ! the Notary Public John William Peter Juaralde, which document is now on file quipa to Mollendo. in the Minister's office, the following Con- ! tract for the extinction of the debt and the ; to the Bondholders all of its rights against construction, and exploitation of public ; the present or past holders of the railways works has been agreed upon. 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. under the terms of the Contract dated 30 September, 1886, the Bondholders will on i the Bondholders the right to dispose of issued in virtue of the preceding clause, Is enter into real possession of that road the discovered gnano which exists in the there shall be deposited in a banking on the expiration of the said Contract, territory of the Republic, but subject to { institution to be designated by the reprereplacing incantime the Government in i the Conditions of the Treaty of Peace be- ! sentative in London of the Government