Unable to obtain the immediate recognition of this
principle in its full extent, after reducing the duties of
discrimination so far as was found attainable it was agreed that at the
expiration of two years from the 1st of October, 1822, when the
convention was to go into effect, unless a notice of six months on
either side should be given to the other that the convention itself must
terminate, those duties should be reduced one-fourth, and that this
reduction should be yearly repeated, until all discrimination should
cease, while the convention itself should continue in force. By the
effect of this stipulation three-fourths of the discriminating duties
which had been levied by each party upon the vessels of the other in its
ports have already been removed; and on the 1st of next October, should
the convention be still in force, the remaining fourth will be
discontinued. French vessels laden with French produce will be received
in our ports on the same terms as our own, and ours in return will enjoy
the same advantages in the ports of France.
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