It is with this view that he offers to enter into a treaty of peace, founded on the following conditions.
"First, The English nation shall have real securities for carrying on their trade in Spain, the Indies, and ports of the Mediterranean.
"Secondly, The King will consent to form a sufficient barrier in the Low Countries, for the security of the republic of Holland; and this barrier shall be such as England shall agree upon and approve; His Majesty promising, at the same time, an entire liberty and security to the trade of the Dutch.
"Thirdly, All reasonable methods shall be thought on, with sincerity and truth, for giving satisfaction to the allies of England and Holland.
"Fourthly, Whereas the affairs of the King of Spain are in so good a condition as to furnish new expedients for putting an end to the disputes about that monarchy, and for settling it to the satisfaction of the several parties concerned, all sincere endeavours shall be used for surmounting the difficulties arisen upon this occasion; and the trade and interest of all parties engaged in the present war shall be secured.
"Fifthly, The conferences, in order to treat of a peace upon these conditions, shall be immediately opened; and the plenipotentiaries, whom the King shall name to assist thereat, shall treat with those of England and Holland, either alone, or in conjunction with those of their allies, as England shall choose.
"Sixthly, His Majesty proposes the towns of Aix la Chapelle or Liege, for the place where the plenipotentiaries shall assemble, leaving the choice likewise to England of either of the said towns, wherein to treat a general peace." These overtures, although expressing much confidence in the ministry here, great deference to the Queen, and displeasure against the Dutch, were immediately transmitted by Her Majesty's command to her ambassador in Holland, with orders, that they should be communicated to the pensionary.

The Abbe Gaultier was desired to signify this proceeding to the Marquis de Torcy; at the same time to let that minister understand, that some of the above articles ought to be explained.

The Lord Raby, now Earl of Stafford, was directed to tell the Pensionary, that Her Majesty being resolved, in making peace as in making war, to act in perfect concert with the States, would not lose a moment in transmitting to him a paper of this importance: that the Queen earnestly desired, that the secret might be kept among as few as possible; and that she hoped the Pensionary would advise upon this occasion with no person whatsoever, except such, as by the constitution of that government, are unavoidably necessary: that the terms of the several propositions were indeed too general; but, however, they contained an offer to treat: and that, although there appeared an air of complaisance to England through the whole paper, and the contrary to Holland, yet this could have no ill consequences, as long as the Queen and the States took care to understand each other, and to act with as little reserve as became two powers, so nearly allied in interest; which rule, on the part of Britain, should be inviolably observed.

It was signified likewise to the Pensionary, that the Duke of Marlborough had no communication of this affair from England, and that it was supposed he would have none from The Hague.
After these proposals had been considered in Holland, the ambassador was directed to send back the opinion of the Dutch ministers upon them.

The court here was, indeed, apprehensive, that the Pensionary would be alarmed at the whole frame of Monsieur de Torcy's paper, and particularly at these expressions, "That the English shall have real securities for their trade, &c." and "that the barrier for the States-General shall be such as England shall agree upon and approve." It was natural to think, that the fear which the Dutch would conceive of our obtaining advantageous terms for Britain, might put them upon trying underhand for themselves, and endeavouring to overreach us in the management of the peace, as they had hitherto done in that of the war: the ambassador was therefore cautioned to be very watchful in discovering any workings, which might tend that way.
When the Lord Raby was first sent to The Hague, the Duke of Marlborough, and Lord Townshend, had, for very obvious reasons, used their utmost endeavours to involve him in as many difficulties as they could; upon which, and other accounts, needless to mention, it was thought proper, that his Grace, then in Flanders, should not be let into the secret of this affair.
The proposal of Aix or Liege for a place of treaty, was only a farther mark of their old discontent against Holland, to shew they would not name any town which belonged to the States.
The Pensionary having consulted those who had been formerly employed in the negotiations of peace, and enjoined them the utmost secrecy, to avoid the jealousy of the foreign ministers there, desired the ambassador to return Her Majesty thanks, for the obliging manner of communicating the French overtures, for the confidence she placed in the States, and for her promise of making no step towards a peace, but in concert with them, assuring her of the like on their part: that although the States endeavoured to hide it from the enemy, they were as weary of the war as we, and very heartily desirous of a good and lasting peace, as well as ready to join in any method, by which Her Majesty should think proper to obtain it: that the States looked upon these propositions as very dark and general; and they observed how the enemy would create jealousies between the Queen, their republic, and the other allies; but they were satisfied it would have no effect, and relied entirely on the justness and prudence of Her Majesty, who they doubted not, would make the French explain themselves more particularly in the several points of their proposals, and send a plan of the particular conditions whereupon they would make a peace: after which, the States would be ready, either to join with Her Majesty, or to make their objections, and were prepared to bring with them all the facility imaginable, towards promoting so good a work.
This is the sum of the verbal answer made by the Pensionary, upon communicating to him the French proposals; and I have chosen to set it down, rather than transcribe the other given to the ambassador some days after, which was more in form, and to the same purpose, but shorter, and in my opinion not so well discovering the true disposition of the Dutch ministers.
For after the Queen had transmitted the French overtures to Holland, and the States found Her Majesty was bent in earnest upon the thoughts of a peace, they began to cast about how to get the negotiation into their own hands.