At length, on the 1st of March, 1327-8, the English parliament assembled at York; and this important preliminary, which had cost so great an expense of blood and treasure to both kingdoms, during a terrible war of twenty years, was finally and satisfactorily adjusted. Robert was acknowledged as King of Scotland, and Scotland itself recognised for ever as a free and independent kingdom, It was declared by Edward, in the solemn words of the instrument of renunciation, "that whereas we, and others of our predecessors, Kings of England, have endeavoured to obtain a right of dominion and superiority over the kingdom of Scotland, and have thereby been the cause of long and grievous wars between the two kingdoms; we, therefore, considering the numerous slaughters, sins, and bloodshed, the destruction of churches, and other evils brought upon the inhabitants of both kingdoms by such wars, and the many advantages which would accrue to the subjects of both realms, if, by the establishment of a firm and perpetual peace, they were secured against all rebellious designs, have, by the assent of the prelates, barons, and commons of our kingdom, in parliament assembled, granted, and hereby do grant, for us, and our heirs and successors whatsoever, that the kingdom of Scotland shall remain for ever to the magnificent Prince and Lord, Robert, by the grace of God, the illustrious King of Scots, our ally and dear friend, and to his heirs and successors, free, entire, and unmolested, separated from the kingdom of England by its respective marohes, as in the time of Alexander, King of Scotland, of good memory, lately deceased, without any subjection, servitude, claim, or demand whatsoever.
And we hereby renounce and convey to the said King of Sootland, his heirs and successors, whatever right we, or our ancestors in times past, have laid claim to in any way over the kingdom of Scotland. And by these same presents, we renounce and declare void, for ourselves, and our heirs and successors, all obligations, agreements, or treaties whatsoever, touching the subjection of the kingdom of Scotland, and the inhabitants thereof, entered into between our predecessors and any of the kings thereof, or their subjects, whether clergy or laity. And if there shall anywhere be found any letters, charters, muniments, or public instruments, which shall have been framed touching the said obligations, agreements, or compacts, we declare that they shall be null and void, and of no effect whatsoever. And in order to the fulfilment of these premises, and to the faithful observation thereof, in all time coming, we have given full power and special authority to our faithful and well-beloved cousin, Henry de Percy, and to William le Zouche of Ashby, to take oath upon our soul, for the performance of the same. In testimony whereof, we have given these our letters-patent, at York, on the 1st of March, and in the second year of our reign. By the king himself, and his council in Parliament.
All writings, obligations, instruments, or other muniments, relative to the subjection which the kings of England had attempted to establish over the people and land of Scotland, and which are annulled by the letterspatent of the King of England, as well as all other instruments and charters respecting the freedom of Scotland, as soon as they are found, were to be delivered up to the King of Scots; and the King of England expressly engaged to give his assistance, in order that the processes of excommunication against Robert and his subjects, which had been carried through at the Court of Rome, and elsewhere, should be recalled and annulled.
It was besides agreed on the part of the king, the prelates, and the nobles of Scotland, that the sum of twenty thousand pounds sterling should, within three years, be paid, at three separate terms; and in the event of failure, the parties were to submit themselves to the jurisdiction of the papal chamber. It was finally covenanted, that the laws and regulations of the marches were to be punctually adhered to by both monarchs; and although omitted in the treaty, it was stipulated in a separate instrument, that the stone upon which the Kings of Scotland were wont to sit at their coronation, and which had been carried away by Edward the First, should be restored to the Scots.