This sum of notes was ordered to be burnt by the _arret_ of the 10th of October. The remainder still in the hands of the public, says the _arret_, was to the amount of 1 169 720 540 livres, and the King declares, that the holders of them might employ them as follows: 1_mo_, In purchasing the remainder of the 470 000 000 livres. subscription of 25 millions of rents on the town-house of Paris, at 2½ _per cent. inde_ 2_do_, In purchasing a farther sum constituted 00 000 000 on the town-house of Paris, of 8 millions of perpetual annuities, at the rate of 2 _per cent._ or at the 50th penny 3_tio_, In purchasing a farther sum constituted 100 000 000 on the town-house of Paris, of 8 millions of life-rent annuities, at 4 _per cent._ or at the 25th penny ———————————— These sums amounted to 970 000 000 Sum above 1 527 327 460 —————————————— Together 2 497 327 460 There still remained outstanding about 200 millions of bank notes. These were ordered to be disposed of in several different ways, mentioned in the _arret_ of the 10th of October; which it would be needless to mention, as it would require a long explanation to make the thing understood: let it suffice that there was an outlet provided for them, which brought in between 2 and 3 _per cent._ Thus we see the conclusion of the whole affair. At the beginning, the King’s debts stood at 2000 millions capital, and 80 millions interest very ill paid. At the end of the scheme there had been coined of 2696 millions. notes about Of which in the bank, October 10, 1720 707 mil. And paid in coin 90 —— This substracted 797 millions. —— There remained outstanding in bank 1899 millions. notes[18] Add to this 100 millions still due by the King to 100 millions. the company for the _billets d’etat_ withdrawn in constituting the first 200,000 actions which still subsisted, and for which the company was to receive 5 _per cent._ So the capital of the King’s debts remained at 1999 millions. Balance gained by the whole operation 1 million. —— Consequently there was little or no fraud as to the 2000 millions. capital Footnote 18: