LAW - Extract from the register of deliberations... - Lot 96 - Giquello

Lot 96
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LAW - Extract from the register of deliberations... - Lot 96 - Giquello
LAW - Extract from the register of deliberations of the India Company. About the Bank and Bank Notes. S.l.n.d. [c. 1720]. Booklet in-4 of 8 pages, bradel modern cardboard. Original edition. Important document on the financial system of John Law. It was published by the East India Company to announce the decision taken by the General Assembly on 22 February 1720 to merge the East India Company and the Royal Bank. In the weeks that followed, John Law, who had initiated the merger after being appointed Comptroller General of Finance, took financial measures that resulted in a fall in the price of the shares of the East India Company, followed by a devaluation of the banknote, which caused the loss of confidence in Law's System and its collapse four months later.
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