Par-devant les conseillers du Roi, notaires, gardes-notes & gardes-scel de Sa Majesté au Châtelet de Paris, soussignés, furent présens [blanc] tous commissaires nommés par Sa Majsté, par ses lettres patentes du 26 janvier 1768, pour l'exécution de l'Édit de novembre 1767, ci-après énoncé
Publisher: [s.n.]
Published: 1767
Place of publication: Paris
Language: fre
Subjects: Seven Years' War, 1756-1763; Economic aspects; Guerre de Sept Ans, 1756-1763; Aspect économique; Economics
Notes: Printed notarial document.

Reference: Lande, L.M. John Law, the creditability of land and the development of paper money and trade in North America, no. 186.

In 1757, France undertook a 50,000,000 livres loan with the province of Alsace to pay debts caused by the war. The loss of Canada resulted in a overwhelming amount of outstanding paper money ("Canada paper") left unredeemed. This document refers to an edict of November 1767, which stated that because the Canada debt could not be honoured on time, the Treasury would isse replacement coupons that could be redeemed at a later date, with interest.