Said Minister would be authorised to negotiate and conclude a Treaty of Peace, Friendship and Commerce, the bases would be established for "the liquidation, recognition and payment of the amounts that due to kidnappings, confiscation, loans from the War of Independence or any other reason owed by Peru to the subjects of Spain."

Once the disagreements between Peru and Spain had been resolved and the Chincha islands had been returned to our country, the Spanish squadron would head to Callao and salute the national flag with 21 cannon shots.

The second project was based on the fact that the Spanish Government would officially censure the occupation of the Chincha Islands and its Peruvian counterpart would condemn the actions against Eusebio Salazar y Mazarredo [es], when he was heading to Europe.

There the bases would be established for the liquidation, recognition and payment of amounts for kidnappings, confiscations and loans from the War of Independence, and for any other reason, by Peru to duly recognised Spanish subjects.

This would cover the expenses incurred by the Spanish Government, as a result of Peru having initially refused to deal with Luis Hernández-Pinzón Álvarez [es].

Mr. Minister of State of His Catholic Majesty, addressed to the Spanish Diplomatic Corps abroad on June 25 and November 8, and transmitted to Mr. Mariano Moreyra Consul of Peru in Madrid, authorised by his Government for this case on that date, and subsequently in a confidential manner, by the undersigned, to the Hon.

Domingo Valle Riestra was sent to Madrid to negotiate the peace treaty and in July Ignacio Albistur arrived in Peru as commissioner for the Talambo affair.