This stated that Britain would pay for damage to America ships, and that America would pay back its debt to great britain. - jays treaty. - neutrality proclamation - treaty of greenville

It was the "Jay Treaty" that stated that Britain would pay for damage to America ships, and that America would pay back its debt to Great Britain, since it was this treaty that was largely credited for avoiding another war between the two nations and ushering in a period of prosperous trade for both.