Rente. black. No 81. A most interesting document. Whereas rentes issued in the 18th century by the Hôtel de Ville, Paris, are quite common, those issued outside the capital are very rarely seen. This was issued in 1759 by the Etats de Bretagne, in Rennes. This rente is very similar to those issued in Paris at this time, printed with similar layout and similar wording. It is part of a loan for 800.000 livres, raised to cover the deficit for 1757/8 in the cost of military barracks. In fact, a very large number of loanswere raised at this time, in Paris and in Alsace, Flandre-Maritime and elsewhere, primarily to raise funds for the Seven Years War (1756-1763). The war ruined France financially, and almost all the loans were converted in 1767/70 to others, paying a much lower rate of interest. This rente, unlike the Paris ones, was not converted in this way. This rente, for a capital of 3000 livres, gave an annual rente of 150 livres. The rente was repaid in Rennes in 1777. We believe that there was originally a vellum quittance/receipt for the capital amount, attached to this contract, but this is not attached now. A highlight piece for any collector of early French government paper and/or Brittany collector.
Themes: BEFORE 1800, GOVERNMENT BONDS
Date: 19 February 1759
Startprice: € 800