"Contract.

"1st. The present contract shall be considered binding for nine years, to be computed from the time the steam-engines may be erected in the different parts of these mines that may be judged suitable.

"2nd. The miners herein contracting cede their mines in Yauricocha, Yanacancha, Caya Chica, Santa Rosa, and in the mining ridge of Colquijilca, and the company offer the means, steam-engines, and instruments for draining the same, and on these principles the obligations of both parties are as follow, to wit.

"3rd. The company binds itself within the period of eighteen months, or sooner if possible, to bring over the steam-engines to drain successively the different parts of these mines, and immediately on their arrival to place them in Yauricocha, and afterwards in Yanacancha, Caya Chica, Santa Rosa, and in the mining ridge of Colquijilca, to sink a general pit for the collection of the waters at a depth of 40 varas from the adit or drainage level of Santa Rosa.

"8th. Each miner whose mine situated in the parts above specified is not perfectly drained in consequence of the filtration or natural gravity of the water to the general pit, is to continue a tube to communicate with the said general pit on his own account, in order fully to enjoy the benefit of the draining, it being well understood that the company shall not refuse to admit the waters of any of the mines situated in this part whatever their quantity may be. And the company shall be further bound to supply funds to any miner who may not have sufficient to defray the expenses of such tube of communication at an interest of 6 per cent., to be refunded out of the first metals which may be obtained.

"10th. The recompense to be made to the company for the general drain procured in the place or places agreed on, shall be, with regard to Yanacancha and Yauricocha, in consequence of the known richness of those places, and of the timber required by the softness of the ground to secure the mines, 15 per cent. on the ore that shall be extracted therefrom, and lodged either in the common depots or in the respective warehouses; and in the mines of Santa Rosa, Caya Chica, and Colquijilca, 20 per cent., which distribution is respectively to be made on the quantities obtained.

"14th. That the miner who refuses to enter into this fair contract whose mines are benefited by the means of the engines, shall be compelled to pay the contributions and to perform what has been therein stipulated according to ordinance.

"This contract being agreed to, the contracting parties signed respectively to be bound and compelled; and I, the Royal Judge and Sub-delegate hereof for His Majesty, signing it with all the contracting parties and witnesses before me on the said day, month, and year.

"Pedro Abadia, José Arismendi, Francisco Uville, José Maria de Ulloa, Ignacio Beistequi, The Marquis de la Real Confianza, José Herressæ, Publo Anellfuertes, Ramon Garcia de Purga, José Antonio de Arrieta, José Camilo de Mier, José Lago y Lemus.