property shall not pass by this cession, but the Danish Government shall sell
 or dispose of such property and remove its proceeds within two years from
 the date of the exchange of ratifications of this convention; the United States
 Government being entitled to sell by public auction, to the credit of the
 Danish Government, any portion of such property remaining unsold at the
 expiration of the said term of two years.

 6) The Colonial treasuries shall continue to pay the yearly allowances now
 given to heretofore retired functionaries appointed in the islands but holding
 no Royal Commissions, unless such allowances may have until now been
 paid in Denmark.

 Article 4.

 The Danish Government shall appoint with convenient despatch an agent or
agents for the purpose of formally delivering to a similar agent or agents appointed on
behalf of the United States, the territory, dominion, property, and appurtenances which
are ceded hereby, and for doing any other act which may be necessary in regard
thereto. Formal delivery of the territory and property ceded shall be made immediately
after the payment by the United States of the sum of money stipulated in this
convention; but the cession with the right of immediate possession is nevertheless to
be deemed complete on the exchange of ratifications of this convention without such
formal delivery. Any Danish military or naval forces which may be in the islands ceded
shall be withdrawn as soon as may be practicable after the formal delivery, it being
however understood that if the persons constituting these forces, after having
terminated their Danish service, do not wish to leave the Islands, they shall be allowed
to remain there as civilians.

 Article 5.

 In full consideration of the cession made by this convention, the United States
agrees to pay, within ninety days from the date of the exchange of the ratifications of
this convention, in the city of Washington to the diplomatic representative or other
agency of His Majesty the King of Denmark duly authorized to receive the money, the
sum of twenty-five million dollars in gold coin of the United States.

 Article 6.

 Danish citizens residing in said islands may remain therein or may remove
therefrom at will, retaining in either event all their rights of property, including the right
to sell or dispose of such property or its proceeds; in case they remain in the Islands,
they shall continue until otherwise provided, to enjoy all the private, municipal and
religious rights and liberties secured to them by the laws now in force. If the present
laws are altered, the said inhabitants shall not thereby be placed in a less favorable
position in respect to the above mentioned rights and liberties than they now enjoy.
Those, who remain in the islands may preserve their citizenship in Denmark by