Reconstitution of Annuities, 1763 French Legal Document

Currency:USD Category:Collectibles / Historical Memorabilia Start Price:230.00 USD Estimated At:325.00 - 450.00 USD
Reconstitution of Annuities, 1763 French Legal Document

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France, 1763. Several page typeset and handwritten document in French. Mentions the King (Louis XV), his advisors, notaries, keeper of notes and keepers of His Majesty at the "Chatelet de Paris." This piece is a reconstitution of annuities at 3% on the income coming from the duties on leathers, as well as other revenues for the king. Hereditary payments are also discussed at length. Black text with dark brown writing, black seal at top center. Fine condition with damage to margins, but in incredible condition for its age. Rare and possibly unique piece of French financial history that pre-dates the French Revolution by over 20 years. The King of France at the time was Louis XV (15 February 1710 _ 10 May 1774), known as Louis the Beloved, who was King of France from 1 September 1715 until his death in 1774. He succeeded his great-grandfather Louis XIV at the age of five. His reign of almost 59 years (from 1715 to 1774) was the second longest in the history of France, exceeded only by his predecessor, Louis XIV, who had ruled for 72 years (from 1643 to 1715). In 1748, Louis returned the Austrian Netherlands, won at the Battle of Fontenoy of 1745. He ceded New France in North America to Great Britain and Spain at the conclusion of the disastrous Seven Years' War in 1763. He incorporated the territories of the Duchy of Lorraine and the Corsican Republic into the Kingdom of France. Historians generally criticize his reign, citing how reports of his corruption embarrassed the monarchy, while his wars drained the treasury while producing little gain. His grandson and successor Louis XVI would inherit a kingdom in need of financial and political reform, which ultimately would lead to the French Revolution of 1789.