Book contents
- Frontmatter
- Dedication
- Contents
- List of Illustrations and Tables
- Acknowledgements
- List of Abbreviations
- General Introduction
- Part I The Strategic and Fiscal Context
- Part II The Financing of Naval Expenditure
- Part III Paymaster Accountability and the Limitations of the State
- Part IV The Development and Management of the Naval Treasury
- Part V Fiscal Overextension and Operational Paralysis in the Era of the Spanish Succession
- Conclusion
- Appendix I Military-related spending in livres by exercice or financial year in the era of the Spanish Succession conflict, 1700–13
- Appendix II Military-related spending in livres by exercice or financial year in the era of the Nine Years’ War, 1689–99
- Appendix III Royal revenues in livres excluding the capitation and dixième taxes, 1683–1713
- Appendix IV Royal revenues in livres including the capitation and dixième taxes, 1683–1713
- Appendix V The average geographical distribution of Louis XIV's fleet in terms of rated warships and frégates légères, 1701–09
- Appendix VI Naval spending by area of expenditure, 1701–09
- Appendix VII The time frame in which the trésoriers were ordered to acquit naval costs, 1701–09
- Appendix VIII Summary of borrowing by trésorier Jacques de Vanolles during the exercice of 1703
- Appendix IX Detailed breakdown by source of revenue of the funding provided to the naval and galley treasuries, 1702–08
- Select Bibliography
- Index
4 - The Navy's Financial Intermediaries
Published online by Cambridge University Press: 22 February 2024
- Frontmatter
- Dedication
- Contents
- List of Illustrations and Tables
- Acknowledgements
- List of Abbreviations
- General Introduction
- Part I The Strategic and Fiscal Context
- Part II The Financing of Naval Expenditure
- Part III Paymaster Accountability and the Limitations of the State
- Part IV The Development and Management of the Naval Treasury
- Part V Fiscal Overextension and Operational Paralysis in the Era of the Spanish Succession
- Conclusion
- Appendix I Military-related spending in livres by exercice or financial year in the era of the Spanish Succession conflict, 1700–13
- Appendix II Military-related spending in livres by exercice or financial year in the era of the Nine Years’ War, 1689–99
- Appendix III Royal revenues in livres excluding the capitation and dixième taxes, 1683–1713
- Appendix IV Royal revenues in livres including the capitation and dixième taxes, 1683–1713
- Appendix V The average geographical distribution of Louis XIV's fleet in terms of rated warships and frégates légères, 1701–09
- Appendix VI Naval spending by area of expenditure, 1701–09
- Appendix VII The time frame in which the trésoriers were ordered to acquit naval costs, 1701–09
- Appendix VIII Summary of borrowing by trésorier Jacques de Vanolles during the exercice of 1703
- Appendix IX Detailed breakdown by source of revenue of the funding provided to the naval and galley treasuries, 1702–08
- Select Bibliography
- Index
Summary
The financial officers who constituted the naval treasury, the trésoriers généraux de la Marine, were an integral part of the navy's system of finance. Alongside the trésoriers of the Extraordinaire des Guerres, the navy's trésoriers were some of Louis XIV's most important paymasters, whose operations uniquely spanned virtually all of France's provinces and interacted with the wide range of industries and manpower resources that the navy relied on. Situated in the Marais and the quartier Richelieu in Paris, these office-holders were tightly integrated into the administrative and financial hub that financed and sustained the crown's military enterprises: these were the same locations where the administrative and social elite had established their grands hôtels, and leading officers, bankers, and financiers conducted their business. In the 1690s and 1700s, the growing indispensability of the position of trésorier to the navy's funding was the direct result of Louis XIV's increasingly expensive war effort and the deteriorating fiscal resources he could rely on to fund his military activities.
The fundamental purpose of the navy's paymasters was to fund the navy's operations by matching the royal revenues designated for its consumption to the navy's myriad expenses. Responsible for managing the navy's accounts, these comptables effectively operated as a central clearing house by receiving the navy's share of the crown's income and disbursing these funds on the government's request. Once the navy's funding allocation was decided at the start of the year, the authority to arrange payments to the navy's creditors resided principally with the king. Once aware of the specifics of the navy's needs, the secrétaire d’État de la Marine (naval minister) operating out of the naval bureau in Paris was responsible for drawing up a series of ordonnances de paiements, or payment orders, which then would have been presented to the contrôleur général des finances (finance minister) and, subsequently, the king for countersigning before they were issued to the trésoriers. The ordonnances de paiements formed the basis of a trésorier's operations, directing him to remit money to payees in the ports and other localities throughout France. Without possession of one of these payment orders, the trésorier was strictly forbidden from moving royal funds to acquit costs.
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- Maritime Power and the Power of Money in Louis XIV's FrancePrivate Finance, the Contractor State, and the French Navy, pp. 66 - 84Publisher: Boydell & BrewerPrint publication year: 2023