BONS DE L'AN VII ET DE L'AN VIII.
Is a denomination applied to paper, issued for the purpose of paying the dividend of the debt during the seventh and eighth years of the Republic.
These Bons are no further deserving of notice than as they still form a part of the floating debt, and are an article of the supposed liquidation at the conclusion of the present summary. It is therefore unnecessary to say more of them.
ARRÉRAGES DES ANNÉES V ET VI.
These are the arrears due to such holders of stock as, during the fifth and sixth years of the Republic, had not their dividend paid in Bons de trois Quarts and Quart Numéraire, mentioned in Art. IV and VI of this sketch. I also notice them as forming an essential part of the above-mentioned supposed liquidation, at the end of the sketch, and shall only add that it is the general opinion that they will be funded.
To the preceding principal investments and claims on the government, might be added the following:
Coupes de Bois.
Cédules Hypothécaires.
Rescriptions de Domaines Nationaux.
Actions de la Caisse des Rentiers.
Actions des Indes.
Bons de Moines et Réligieuses.
Obligations de Reçeveur.
However, they are almost entirely unworthy of attention, and afford but occasionally openings for speculation. Of the last, (Obligations de Reçeveur) it may be necessary to observe that they are monthy acceptances issued by the Receivers-General of all the departments, which the government has given to the five bankers, charged with supplying money for the current service, as security for their advances, and which are commonly discounted at from 7/8 to one per cent per month.
I shall terminate this concise, though accurate sketch of the French funds by a general statement of the National Debt, and by an account of an annuity supposed to be held by a foreigner before the revolution, and which, to become Tiers Consolidé, must undergo the regular process of reduction and liquidation.
| National Debt. | |
| Francs. | |
| Consolidated Stock (Tiers Consolidé) | 38,750,000 |
| Floating Debt, to be consolidated, about | 23,000,000 |
| Life Annuities | 20,000,000 |
| Ecclesiastical, Military, and other Pensions | 19,000,000 |
| 100,750,000 | |
| The value of a franc is something more than 10d. Englishmoney: according to which calculation, the National Debt of France is in roundnumbers no more than | £4,000,000 |