Confirmation on the Agreement to Contract a Sum of Ten Million

In an important move, the President and the united Houses of Congress received word from the Polish-Ukrainian Treasury Commission. This Commission, fulfilling the laws titled "Permission to Contract Sums" and "Approval of the Convention of the Treasury Commission", reported on the deal clinched in Genoa by distinguished representatives Prota Potocki, a knight of Polish orders, Piotr Tepper, Karol Szultz, and Wilhelm Arendt. The deal involved borrowing ten million Polish goldens at a five percent interest rate. They have designated the Union's state taxes on households and alcohol as collateral for these sums, both for monies already laid down and to be laid down. The President, with the consent of the assembled representatives of the Union's states, endorses this designation of funds as collateral and all other terms agreed upon by the aforementioned Prota Potocki, Piotr Tepper, Karol Szultz, Wilhelm Arendt, and Mr. Jan Baptysta Rossi in Genoa.

Topics: loan procurement; ten million Polish zlotys; Crown Treasury Commission; Prota Potocki; Piotr Tepper; establishment of a mortgage; revenues of the Commonwealth; public funds; ratification of contract conditions; Giovanni Battista Rossi;