III. We permit him to search for, open and dig all Sorts of Mines, Veins and Minerals throughout the whole Extent of the said Country of _Louisiana_, and to transport the Profits thereof into any Port of _France_ during the said Fifteen Years; and we grant in Perpetuity to him, his Heirs, and others claiming under him or them, the Property of, in and to the Mines, Veins and Minerals which he shall bring to bear, paying us, in Lieu of all Claim, the Fifth Part of the Gold and Silver which the said _Sieur Crozat_ shall cause to be transported to _France_ at his own Charges into what Port he pleases, (of which Fifth we will run the Risque of the Sea and of War,) and the Tenth Part of what Effects he shall draw from the other Mines, Veins and Minerals, which Tenth he shall transfer and convey to our Magazines in the said Country of _Louisiana_.
We likewise permit him to search for precious Stones and Pearls, paying us the Fifth Part in the same Manner as is mention’d for the Gold and Silver.
We will that the said _Sieur Crozat_, his Heirs, or those claiming under him or them the perpetual Right, shall forfeit the Propriety of the said Mines, Veins and Minerals, if they discontinue the Work during three Years, and that in such Case the said Mines, Veins and Minerals shall be fully reunited to our Domaine, by Virtue of this present Article, without the Formality of any Process of Law, but only an Ordinance of Re-union from the Subdelegate of the Intendant of _New France_, who shall be in the said Country, nor do we mean that the said Penalty of Forfeiture in Default of working for three Years, be reputed a Comminatory Penalty.
IV. The said _Sieur Crozat_ may vend all such Merchandize, Goods, Wares, Commodities, Arms, and Ammunition as he shall have caused to be transported into the said Country and Government of _Louisiana_, as well to the _French_, as _Savages_ who are or shall be there setled; nor shall any Person or Persons under any Pretence whatsoever be capable of doing the like without his Leave expressed in Writing.
V. He may purchase in the said Country, all Sorts of Furs, Skins, Leather, Wool, and other Commodities and Effects of the said Country, and transport them to _France_ during the said Fifteen Years: And as our Intention is to favour, as much as we can, our Inhabitants of _New France_, and to hinder the Lessening of their Trade, we forbid him Trafficking for Castor in the said Country under any Pretence whatsoever; nor to Convey any from thence into our Kingdom or Foreign Countries.