20 ‘The French in Prince Edward Island them for establishing and maintaining our authority, and freedom of trade and business between our subjects and them, and in other matters that he may consider appropriate: To enjoy and grant to our subjects who will live there, or will trade in the said country or with the natives thereof, fayours, privileges, and honours according to the qualities and merits of the persons under our good pleasure. IT IS OUR WILL and inten- tion that the said Sieur Denys shall reserve to himself, appropriate, and enjoy fully and peacefully all the lands previously conceded to him by the said Company of New France, to him and his heirs, and to grant and alienate such part of these as he may think best, as well to our said subjects who shall inhabit them, as to the said natives so far as he shall judge it to be well, ac- cording to the qualities, merits, and services of the respective persons; (that he shall) have careful search made for mines of Gold, Silver, Copper, and other metals and minerals, and have them brought and con- verted to use, as is prescribed by our ordinances, re- serving for us, from the profit which shall arise from those of Gold and Silver only, ten per cent., and we leave and assign to him that which would appertain to us from any of the other metals and minerals, in order to help him to meet the other expenses which his said charge will bring him. IT IS OUR WILL that the said Sieur Denys, exclusively and over all others, shall enjoy the privilege, power and right to traffic and make the fur trade with the said Indians throughout all the ex- tent of the said country of mainland and coast of the Great Bay of Saint-Laurens, Terre-neufve, Cap-Breton, and other islands adjacent, to enjoy all the privileges above declared, (himself) and those whom he will ap- point, and to whom he will wish to give the charge; and