The Lisbon correspondent of the Times furnishes a list of
heads for a new commercial treaty between Great Britain and Portugal, of which the following are the principal.
" Reciprocal free trade: British subjects may come to, reside, and trade in Portugal, and Portuguese subjects may do the same in Great Britain, receiving the most ample protection from the respective authoritiesobut always subject to the laws of the country wherein they reside.
"No higher import-duties shall be imposed on British produce and manufac- tures than are charged to the most favoured nation; and the export duties on Portuguese produce bound to England shall not be higher than those charged e is to be ported allows on re.; these
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on the same if exported to any other nation : the reciprocal guaranteed in England to Portuguese produce, and to slrJl Pltid to Portugal ; and no prohibition is to be laid in eititrof-SIskiWir, the importation or exportation of any of their prod iffe organ duties are to be the same whether in British or Pot/Surma socitrOsaLIV5 or whether consigned in Portugal to British or Portoretereab iliqd NI Meal Britain to Portuguese or British subjects.
" Port charges of every description shall b• thapsarea BlItishAueaor- tuguese ships.
" The same bounties and drawbacks are to be mutually allowed on the ex- portation of any article or mane/donne, whimbee the shipment takee place in a British or a Portuguese ship. " The coasting-trade is reetively restricted to the ships of each nation. "British produce or maacturre eau only be admitmd at the Portuguese customhouses in British or Portuguese ships : the like restriction may be ob- served in Great Britain towards Portuguese produce. " In order to avoid disputes, it must be established that Portuguese ships are ail those belonging to Portuguese subjects, without reference to where they were built or purchased, provided, however, that their papers, &c. are in proper eider; and the like latitude to be given to British vessels. "The mutual trade and navigation in the East Indies to be on the same principle as previous to the treaty of 1810; and they are to be, respectively, put on the same footing as the most favoured nation."
There is fairness and good sense in these propositions.
