PARIS. Quittance d'intérêt de 300 livres. black. A receipt for 3 months interest, due June 1657, on a royal rente from 1634. A very early date for such a royal rente document as almost all rentes discovered so far are issued from 1689 onwards. A brief word on the concept of these French Royal rentes: from the 16th century onwards, the French government raised (amongst others, e.g. taxes) money through the capitalisation of anticipated tax and duty revenues by the issue of annuities, whereby a capital sum was paid to the government against the issue ofa bond to pay a fixed annuity out of future income, usually from the receipts of the stipulated tax or duty. These rentes were either for the lifetime of the person nominated, or perpetual. For much more info, we recommend Howard Shakespeare's book entitled 'France - The Royal Loans 1689-1789' (available through us).
Themes: BEFORE 1800, GOVERNMENT BONDS
Date: 15 Sept. 1662
Startprice: € 200