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France India Company Bank Privilege Arrested January
In January a general assembly of the India Company met with Dukes Orleans and Boupon present. The king proposed banking administration to the company for the remaining term of their privilege while the king remains security for bank bill value. The company mortgages 1600 millions of livres lent to the king as security to the bank’s administration, answerable to the Council and Chamber of Accounts. The company is not to demand a 50 percent species difference. Bulls noted.
MENTIONED IN THIS ARTICLE
India Company
France
Orleans
Bou Pon
Council of State
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