Oldenbarneveldt himself headed the French mission, but he failed to turn Henry from his purpose.

A treaty of peace between France and Spain was signed at Vervins, May 2, 1598.
Oldenbarneveldt went from Paris to England and was more successful.
Elizabeth bargained however for the repayment of her loan by annual installments, and for armed assistance both by land and sea should an attack be made by the Spaniards on England.

The queen, however, made two concessions.

Henceforth only one English representative was to have a seat in the Council of State; and all the English troops in the Netherlands, including the garrisons of the cautionary towns, were to take an oath of allegiance to the States.
This year saw the accomplishment of a project on which the Spanish king had for some time set his heart--the marriage of the Cardinal Archduke Albert to his cousin the Infanta Isabel Clara Eugenia, and the erection of the Netherlands into an independent sovereignty under their joint rule.

Philip hoped in this way to provide suitably for a well-beloved daughter and at the same time, by the grant of apparent independence to the Netherland provinces, to secure their allegiance to the new sovereigns.