1Treaty between His Majesty and the United States of America relative to the establishment of a Communication by Ship Canal between the Atlantic and Pacific Oceans.--Signed at Washington, November 18, 1901(Ratifications exchanged at Washington, February 21, 1902) His Majesty Edward the Seventh, of the United Kingdom of Great Britain and Ireland and of the British Dominions beyond the Seas, King, and Emperor of India and the United States of America; being desirous to facilitate the construction of a ship-canal to connect the Atlantic and Pacific Oceans by whatever route may be considered expedient, and to that end to remove any objection which may arise out of the Convention of the 19th April, 1850, commonly called the Clayton-Bulwer Treaty, to the construction of such canal under the auspices of the Government of the United States, without impairing the "general principle" of neutralization established in Article VIII of that Convention, have for that, purpose appointed as their Plenipotentiaries: His Majesty Edward the Seventh, of the United Kingdom of Great Britain and Ireland and of the British Dominions beyond the Seas King, and Emperor of India, the Right Honourable Lord Pauncefote, G.C.B., G.C.M.G., His Majesty's Ambassador Extraordinary and Plenipotentiary to the United States; and The President of the United States, John Hay, Secretary of State of the United States of America; Who, having communicated to each other their full powers which were found to be in due and proper form, have agreed upon the following Articles: Article IThe High Contracting Parties agree that the present Treaty shall supersede the afore-mentioned Convention of the 19th April, 1850. Article IIIt is agreed that the canal may be constructed under the auspices of the Government of the United States, either directly at its own cost, or by gift or loan [Page 148] of money, to individuals or corporations, or though subscription to or purchase of stock or shares, and that, subject to the provisions of the present Treaty, the said Government shall have and enjoy all the rights incident to such construction, as well as the exclusive right of providing for the regulation and management of the canal. Article IIIThe United States adopts, as the basis of the neutralization of such ship-canal, the following Rules, substantially as embodied in the Convention of Constantinople, signed the 29th October, 1888, for the free navigation of the Suez Canal, that is to say:
Article IVIt is agreed that no change of territorial sovereignty or of the international relations of the country or countries traversed by the before-mentioned canal shall affect the general principle of neutralization or the obligation of the High Contracting Parties under the present Treaty. Article VThe present Treaty shall be ratified by His Britannic Majesty, and by the President of the United States, by and with the advice and consent of the Senate thereof; and the ratifications shall be exchanged at Washington or at London at the earliest possible time within six months from the date hereof. [Page 149]In faith whereof the respective Plenipotentiaries have signed this Treaty and thereunto affixed their seals. Done in duplicate at Washington, the 18th day of November, in the year of Our Lord one thousand nine hundred and one. (Seal) PAUNCEFOTE. (Seal) JOHN HAY.
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