Having mentioned the credit of England, that of France is next to be considered, and I am very sorry to say that has been very low here of late. The dreadful mismanagement of the finances in the late King's reign, and the character of the late Controller General, M. d'Olugny, had reduced it so low, that it was impossible to borrow anything considerable on perpetual funds. Perhaps a Minister of Finance, in whose probity the world have a confidence, may restore their credit. At this moment that is in some measure the case, for the French stocks rise on the appointment of M. Taboreau. That it is possible for France to borrow may be demonstrated; for at the time M. Turgot was removed, he was negotiating a loan here, and was likely to succeed, for sixty millions of guilders. The credit of Spain is extremely good, and that kingdom may have what money it will, and on the best terms. The Emperor's credit is also good, not as Emperor, but from his hereditary dominion. Sweden and Denmark both have good credit. The former, the best; they have money at four per cent; and it is not long since the King of Sweden borrowed three millions of guilders at this interest, to pay off old debts at five per cent. His interest is paid punctually. Prussia has no credit here, but the King's treasury is full by squeezing the last farthing from the people, and now and then he draws a little money from this Republic, by reviving obsolete claims. The credit of the Empress of Russia is very good; for she has punctually paid the interest of twelve millions of guilders, which she borrowed in her war with the Turks, and has lately paid off one million and a half of the principal. These are the strongest circumstances she could have in her favor with a mercantile people. I have this statement of credit from persons employed in negotiating the several loans, and, therefore, can depend upon the truth of the information.