Lot 582: NOUVELLE COMPAGNIE DES INDES
29 October 2016
Brussels, BelgiumLive Auction
Description: 14 April 1785 Arrest du conseil d'état du Roi. black. 16 page document. Official publication of the Nouvelle Co. des Indes in 1785 with the publication of its complete statutes as well as, on the back of the document, a model of the shares as they should be issued. This company was the legal replacement ofJohn Law's Cie. des Indes, formed by King Louis XVI in 1785, with a capital of 40.000 issued shares of 1000 livres each. It had a 7-year monopoly of trade with all points east of the Cape of Good Hope (except today's Mauritius and Réunion). It owned 11 ships, and made regular sailings to ports in India and China from its base at Lorient. It prospered until the National Assembly took away its privileges in 1790. The company continued to trade, at a much reduced level, until it was dissolved by the Convention in 1794. Its liquidation was not complete until 1826. Interestingly, the last page shows the model of the new shares to be issued, with 7 coupons foreseen. Only once before seen by us, hence Rarity 11.
Condition Report: VF