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Sign up freeGazette Of The United States
New York, New York County, New York
What is this article about?
France's national debt reported at 4,952,145,065 livres (206 million sterling), with National Assembly expenses and clergy debts adding 1,900 million livres. Emission of Assignats causes Paris exchange to fall to 24.5 pence per Ecu as of 6 October letters from London. Query on potential bankruptcy impact on Britain.
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Owing to the immense emission of Assignats by the National Assembly, it is said, that letters from London of 6 October, mention, that Exchange on Paris has fallen to twenty-four pence half penny sterling pr. Ecu, or little more than eight pence pr. livre tournois.
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Foreign News Details
Primary Location
France
Event Date
6 October
Outcome
national debt: 4,952,145,065 livres (206 million sterling); additional expenses: 1,900 million livres; exchange on paris fallen to 24.5 pence per ecu
Event Details
France's national debt is reported at four thousand nine hundred and fifty two millions, one hundred and forty five thousand, sixty five livres, equivalent to two hundred and six millions sterling. Since the National Assembly's meeting, their expenses, assumed clergy debts, and incidental charges total nineteen hundred millions of livres. Immense emission of Assignats leads to exchange on Paris falling to twenty-four pence half penny sterling per Ecu, or little more than eight pence per livre tournois, per letters from London of 6 October. Queries raised on potential bankruptcy impact on neighboring powers like Great Britain.