Objectives: To recognise the sovereignty of Norway over the Archipelago of Spitsbergen, including Bear Island, and provide these territories with an equitable regime in order to assure their development and peaceful utilisation. Summary of provisions: Parties recognise the full and absolute sovereignty of Norway over the territories of the Archipelago of Spitsbergen as defined in art. 1, subject to the stipulations of the Treary. Some of these stipulations concern natural resources conservation and use, e.g.: ships and nationals of all Parties are to enjoy equally the rights of fishing and hunting in these territories and in their territorial waters; Norway is free to maintain, take or decree suitable measures to ensure the preservation and, if necessary, the reconstitution of the fauna and flora of the said regions, and their territorial waters (art. 2); nationals of all Parties are to have equal liberty of access and entry to the waters, fjords and ports of the territories specified in art. 1 (art. 3).