At the peace conference of Utrecht, Spain agrees to cede Britain
the islands of Gibraltar and Minorca, and to grant its Royal
African Company the Assiento (monopoly) over the slave trade to
Spanish America.
Citation:
Editors. "Spain agrees to cede Gibraltar and Minorca to Britain".
The Literary Encyclopedia. First published 01 April 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=17146, accessed 19 June 2013.]