"As to Spain and the Indies, the succession to those dominions, after the Duke of Anjou and his children, is to descend to such prince as shall be agreed upon at the treaty, for ever excluding the rest of the House of Bourbon.
"For confirming the renunciations and settlements before mentioned, it is further offered, that they should be ratified in the most strong and solemn manner, both in France and Spain; and that those kingdoms, as well as all the other powers engaged in the present war, shall be guarantees to the same.
"The nature of this proposal is such, that it executes itself: the interest of Spain is to support it; and in France, the persons to whom that succession is to belong, will be ready and powerful enough to vindicate their own right.
"France and Spain are now more effectually divided than ever. And thus, by the blessing of God, will a real balance of power be fixed in Europe, and remain liable to as few accidents as human affairs can be exempted from.
"A treaty of commerce between these kingdoms and France has been entered upon; but the excessive duties laid on some goods, and the prohibitions of others, make it impossible to finish this work so soon as were to be desired. Care is however taken to establish a method of settling this matter; and in the mean time provision is made, that the same privileges and advantages, as shall be granted to any other nation by France, shall be granted in like manner to us.
"The division of the Island of St. Christopher, between us and the French, having been the cause of great inconveniency and damage to my subjects, I have demanded to have an absolute cession made to me of that whole island, and France agrees to this demand.
"Our interest is so deeply concerned in the trade of North America, that I have used my utmost endeavours to adjust that article in the most beneficial manner. France consents to restore to us the whole Bay and Straits of Hudson, to deliver up the Island of Newfoundland, with Placentia; and to make an absolute cession of Annapolis, with the rest of Nova Scotia, or Acadie.
"The safety of our home trade will be better provided for, by the demolition of Dunkirk.
"Our Mediterranean trade, and the British interest and influence in those parts, will be secured by the possession of Gibraltar and Port Mahon, with the whole island of Minorca, which are offered to remain in my hands.
"The trade to Spain and to the West Indies may in general be settled, as it was in the time of the late King of Spain, Charles the Second; and a particular provision be made, that all advantages, rights, or privileges, which have been granted, or which may hereafter be granted, by Spain to any other nation, shall be in like manner granted to the subjects of Great Britain.