Is the name given to the redemption of perpetual annuities due by individuals to the government, on a privileged mortgage on landed estates; the said annuities having been issued by the government in times of great distress, for the purpose of supplying immediate and urgent events. This paper is not only a mere government security, but is also specially mortgaged on the estates of the person who owes the annuity to the government, and who is, at any time, at liberty to redeem it at from twenty to twenty-five years purchase. Claims of this description, mortgaged on most desirable estates near the metropolis, might be obtained for less than 60 per cent; which, at the interest of five per cent, and with the additional advantage, in some instances, of the arrears of one or two years, would produce between eight and nine per cent. Next to the _Tiers Consolidé_, _Rachats de Rente_ are particularly worthy of attention; indeed, this debt is of so secure and sacred a nature, that the government has appropriated a considerable part of it to the special purpose and service of the hospitals and schools; two species of institutions which ought ever to be sheltered from all vicissitudes, and which, whatever may be the form or character of the government, must be supported and respected. ACTIONS DE LA BANQUE DE FRANCE. These are shares in the National Bank of France, which are limited to the number of thirty thousand, and were originally worth one thousand francs each; they therefore form a capital of 30,000,000 francs, or £1,250,000 sterling, and afford as follows: 1. A dividend which at present, and since the foundation, has averaged from eight to ten per cent, arising from the profits on discount. 2. A profit of from four to five per cent more on the discount of paper, which every holder of an _action_ or share effects at the Bank, at the rate of one-half per cent per month, or six per cent for the whole year. The present price of an _action_ is about twelve hundred francs, which may be considered as producing: 80 francs; dividend paid by the Bank on each share. 30 francs; certain profits according to the present discount of bills. 110 francs; per share 10-10/11 per cent. _Actions de la Banque de France_, though subject, in common with all stocks, to the influence of the government, are, however, far more independent of it than any other, and are the more secure, as the National Bank is not only composed of all the first bankers, but also supported by the principal merchants in the country. This investment is at present very beneficial, and certainly promises great eventual advantages. The dividends are paid in two half-yearly instalments. ACTIONS DE LA CAISSE DE COMMERCE, ET ACTIONS DU COMPTOIR COMMERCIAL. The _Caisse de Commerce_ and the _Comptoir Commercial_ are two establishments on the same plan, and affording, as nearly as possible, the same advantages as the _Banque de France_: the only difference is as follows: