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The New Hampshire Gazette And General Advertiser
Portsmouth, Rockingham County, New Hampshire
What is this article about?
In France, Finance Minister Necker plans a 100 million livre loan with interest covered by a new fund from suppressed convents, royal retrenchments, and vacant church livings yielding 50 million livres yearly, to rise by 10 million as the king skips appointments for three years.
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Mr. Necker is going to open a new loan for 100,000,000 of livres; the interest of which he will pay without any new tax. A fund has been established in France arising from the estates of suppressed convents; retrenchments in the king's household, &c. and from the produce of some church livings, in the gift of the crown, which produce during vacancy between the death of one incumbent, and presentation of another, belongs to the king. This fund produces at present 50,000,000 livres a year; that it may be increased to 10,000,000, the king has agreed that he will not present to any of those livings (chiefly abbeys and prebends in Cathedral churches without cure of souls) for three years.
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Foreign News Details
Primary Location
France
Key Persons
Outcome
new loan of 100,000,000 livres with interest paid from fund without new tax; fund currently 50,000,000 livres yearly, to increase by 10,000,000 through no presentations to livings for three years.
Event Details
Mr. Necker to open new loan for 100,000,000 livres, interest paid without new tax from established fund in France from estates of suppressed convents, retrenchments in king's household, and produce of crown-gift church livings during vacancies; king agrees not to present to such livings (abbeys, prebends without cure) for three years to boost fund.