Convention On Pecuniary Indemnity
The convention on pecuniary indemnity regulated the mode of liquidating the indemnity of 700 millions francs to be paid by France, in conformity to the fourth article of the treaty. The sum was to be paid, day by day, in equal portions, in the space of five years, from 1 December 1815.
Thus, France had to pay on account of this convention, 383,251 francs every day for five years; equal to about 16,000 pounds sterling at the exchange rate of the day. For this daily quota, the French government had to give assignations on the French treasury, payable to bearer, day by day. In the first instance, however, the Coalition Commissioners were to receive the whole of the 700 million in fifteen bonds of 46⅔ million each; the first of which was payable on 31 March 1816, the second on 21 July 1816, and so on, every fourth month. In the month preceding the commencement of each of these four monthly periods, France was to redeem successively one of these bonds for 46⅔ millions, by exchanging it against the first-mentioned daily assignations payable to bearer, which assignations, for the purpose of convenience and negotiability, were again subdivided into coupures, or sets of smaller sums. As a guarantee for the regular payment of these assignations, and to provide for deficiencies, France assigned, moreover, to the allies, a fund of interest, to be inscribed in the Grand Livre of her public debt, of seven millions francs on a capital of 140 millions. A liquidation was to take place every six months, when the assignations duly discharged by the French Treasury were to be received as payments to their amount, and the deficiency arising from assignations not honoured would be made good, with interest, at five percent from the fund of interest inscribed in the Grand Livre, in a manner specified in this convention.
The distribution of the sum among the Coalition Powers, agreed to be paid by France in this convention, was regulated by a separate convention, (the Protocol for the pecuniary indemnity to be furnished by France and the Table of allotment):
| State | Francs | Total | |
| Austria | 100,000,000 | ||
| Russia | 100,000,000 | ||
| Great Britain | 100,000,000 | ||
| Prussia | 100,000,000 | ||
| Subtotal | 400,000,000 | ||
| The German States, together with the Netherlands and Sardinia, a like ram of 100 millions, to be shared at the rate of 425 francs 89 centimes and a fraction for each man furnished by them respectively; viz. | |||
| State | Men | Francs | |
| Bavaria | 60,000 | 25,517,798 | |
| Netherlands | 50,000 | 21,264,832 | |
| Württemberg | 20,000 | 8,505,932 | |
| Baden | 16,000 | 6,804,746 | |
| Saxony | 16,000 | 6,804,746 | |
| Sardinia | 15,000 | 6,379,419 | |
| Hessen-Kassel | 12,000 | 5,103,559 | |
| Hanover | 10,000 | 4,252,966 | |
| Hesse Darmstadt | 8,000 | 3,408,373 | |
| Mecklenburg Schwerin | 3,200 | 1,616,127 | |
| Nassau | 3,000 | 1,275,889 | |
| Brunswick | 3,000 | 1,275,889 | |
| Hanse-Towns | 3,000 | 1,275,889 | |
| Saxe-Gotha | 2,200 | 935,632 | |
| Saxe-Weimar | 1,600 | 680,474 | |
| Anhalt | 1,600 | 680,474 | |
| Oldenburg | 1,600 | 680,474 | |
| Schwarzburgh | 1,300 | 552,885 | |
| Lippe | 1,300 | 552,885 | |
| Reuss | 900 | 382,766 | |
| Mecklenburg-Strelitz | 800 | 340,837 | |
| Saxe Coburg | 800 | 340,837 | |
| Waldeck | 800 | 340,837 | |
| Frankfurt | 750 | 318,972 | |
| Saxe-Meiningen | 600 | 255,177 | |
| Saxe-Hildburghausen | 400 | 170,118 | |
| Hohenzollern-Sigmaringen | 386 | 164,164 | |
| Hohenzollern-Hechingen | 194 | 82,507 | |
| Lichtenstein | 100 | 42,529 | |
| Subtotal | 234,530 | 100,000,000 | |
| State | Francs | ||
| Spain | 5,000,000 | ||
| Portugal | 2,000,000 | ||
| Denmark | 2,500,000 | ||
| Switzerland | 3,000,000 | ||
| Subtotal | 12,500,000 | ||
| Gratuity to the British and Prussian armies under Wellington and Blücher, for their exertions at Waterloo and their conquest of Paris, 25 millions each | 50,000,000 | ||
| For the erection of fortresses against France; viz. | |||
| State | Francs | ||
| Netherlands | 60,000,000 | ||
| Prussia (besides Saarlouis, valued at 50 mill.) | 20,000,000 | ||
| Bavaria | 15,000,000 | ||
| Spain | 7,500,000 | ||
| Sardinia | 10,000,000 | ||
| To strengthen Mainz | 5,000,000 | ||
| To erect a new fortress of the German Confederacy on the Upper Rhine | 20,000,000 | ||
| Subtotal | 137,500,000 | ||
| Total in francs | 700,000,000 | ||
Read more about this topic: Treaty Of Paris (1815)
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