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Activity. Kes it Komt Kuran (Caisse des Comptes were the main things among them
Curants) and Kes it'it it Kommers (Caisse d'Escompte du Commerce). The following
The innovation took place in 1798 when in Rouen (Rouen) the first has been opened in
Provinces bank of issue. The bank has started issue of small banknotes by face value
In 100 francs while the Parisian banks had no usage to let out
Banknotes face value less than 250 francs. Freedom defining conditions of the bank
Activity in France, has not called any financial troubles and it has appeared
Quite successful choice, however a number of political events has doomed such position
Things on the fast end.
The mania of centralisation pursuing Napoleon, and also those difficulties, with
With which it has faced in attempts of the account of the state securities, -
The difficulties called mainly by mistrust to the government of that time, -
Have forced Napoleon to address to idea about use of possibilities of bank,
Created under the government. Thus, in 1800 it was possible to it
To convince shareholders of Kes it Komt Kuran to close the company, having transformed it into the new
The bank which has received the name of Bank of France (Bank of France).
The authorised capital of Bank in 36 million francs has been partially financed for the bill
The capital of Kes it Kont Kuran, partially - at the expense of additional issue of actions
Bank, and also from the governmental means borrowed from fund of repayment
Public debt. Soon after creation of Bank the government has sold
Considerable part of actions belonging to it that, however, has not caused
Increases in independence of Bank. In 1802 new negotiations have taken place,
Accompanied barefaced manipulations, and their final analysis was that,
That Kes it'it it Kommers has been compelled to enter against own will in
Structure of Bank of France.
However most crushing on a competition has been put a year later, when
The government, to execute the well-known Law of 24th Zherminalja of XI year (loi
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