The British, on the other hand, asked for the entire hilly region between Beas and Indus, including the Kashmir Valley, in lieu of one crore.
The Governor-General offered to recognise him as an independent sovereign of the ceded territories if he paid the indemnity due from the Sikhs, to which Gulab Singh agreed.
[9] In the sequel, the British decided to keep the territory between Beas and Ravi rivers to themselves, which included the Kullu Valley with forts such as Kangra and Noorpur.
[1] By Article 1 of the treaty, Gulab Singh acquired "all the hilly or mountainous country with its dependencies situated to the eastward of the River Indus and the westward of the River Ravi including Chamba and excluding Lahul, being part of the territories ceded to the British Government by the Lahore State according to the provisions of Article IV of the Treaty of Lahore, dated 9th March, 1846."
Under Article 3, Gulab Singh was to pay 75 lakhs (7.5 million) of Nanak Shahi rupees (the ruling currency of the Sikh Empire) to the British Government, along with other annual tributes.
Article 1 The British Government transfers and makes over for ever in independent possession to Maharajah Gulab Singh and the heirs male of his body all the hilly or mountainous country with its dependencies situated to the eastward of the River Indus and the westward of the River Ravi including Chamba and excluding Lahol, being part of the territories ceded to the British Government by the Lahore State according to the provisions of Article IV of the Treaty of Lahore, dated 9 March 1846.
Article 6 Maharajah Gulab Singh engages for himself and heirs to join, with the whole of his Military Forces, the British troops when employed within the hills or in the territories adjoining his possessions.
Sir Henry Hardinge, Governor-General, on the part of the British Government and by Maharajah Gulab Singh in person, and the said Treaty has been this day ratified by the seal of the Rt.