The contract of Poissy-Pontoise presents two important stipulations: one, a gift of money to the King; second, the repurchase by the clergy of the domains of the crown and the redemption of the debt. If this contract had been observed, it would have rendered the other assemblies of the clergy useless, but the failure to execute it made necessary the subsequent assemblies of 1563 and 1567, which established a rule of periodicity, as it were, and fixed the next session at 1573. By 1567, the clergy had fulfilled its first obligation and declared itself ready to resume the second by giving to the provost of the merchants and to the _échevins_ of Paris the guarantees desired for the redemption of the _rentes_. But the King at the same time insisted upon the continuation of the subsidy of 1,600,000 livres. The clergy protested, demanding his adherence to the contract of Poissy. The crown enforced continuation, but as “an easement” waived claim to the “secular tithe” heretofore exacted, and granted to the clergy, for the first time, the right to collect taxes by its own agents, and the right to judge in a sovereign capacity all cases which might arise from these financial matters. The government observed this convention no better than the first, and in addition to extraordinary subventions—two million livres in 1572, nearly half of which was squandered by the duke of Anjou in Poland—resorted to compulsory alienations of church property, as in 1563, 1568, 1574, which were made upon order of the King, without recourse to papal affirmation. Purchasers were not wanting for the new credit. The rate of interest fell to 5 per cent. in the autumn of 1561 as a result of these expedients, and, provided civil war could be averted, it seemed probable that the dilapidated finances might be rehabilitated.[399]