The ostensible throwing-open of the colonial trade, moreover, did not actually change to any great extent the old system of paternalism and monopoly. Commercial companies no longer controlled the channels of transportation, it is true, but the royal government was not minded to let everything take its own course. So the trade was taxed for the benefit of the royal treasury, and the privilege of collecting the taxes, according to the custom of the old régime, was farmed out. All the commerce of the colony, imports and exports, had to pass through the hands of these farmers-of-the-revenue who levied ten per cent on all goods coming and kept for the royal treasury one-quarter of the price fixed for all skins exported. Traders as a rule were not permitted to ship their furs directly to France. They turned them in to farmers-of-the-revenue at Quebec, where they received the price as fixed by ordinance, less one-quarter. This price they usually took in bills of exchange on Paris which, they handed over to the colonial merchants in payment for goods, and which the merchants in turn sent home to France to pay for new stocks. Nor were the authorities content with the mere fixing of prices. By ordinance they also set the rate of profit which traders should have upon all imported wares brought into the colony. This rate of profit was fixed at sixty-five per cent, but the traders had no compunction in going above it whenever they saw an opportunity which was not likely to be discovered. As far as the forest trade was concerned, the regulation was, of course, absurd. Every year, about the beginning of May, the first ships left France for the St. Lawrence with general cargoes consisting of goods for the colonists themselves and for the Indians, as well as large quantities of brandy. When they arrived at Quebec, the vessels were met by the merchants of the town and by those who had come from Three Rivers and Montreal. For a fortnight lively trading took place. Then the goods which had been bought by the merchants of Montreal and Three Rivers were loaded upon small barques and brought to these towns to be in readiness for the annual fairs when the _coureurs-de-bois_ and their Indians came down to trade in the late summer. As for the vessels which had come from France, these were either loaded with timber or furs and set off directly home again, or else they departed light to Cape Breton and took cargoes of coal for the French West Indies, where the refining of sugar occasioned a demand for fuel. The last ships left in November, and for seven months the colony was cut off from Europe.