Stock issued by the Monte di San Giovanni Battista of Turin established by Royal Edict on 22 April 1681.
Date of issue of the stock: January 11, 1796.
Very rare historical and financial document. Two examples known in the world.
The ‘monti’, in the early modern age, were established by a city or a state to buy new private capital to be used for wars, to build public works and to deal with sudden emergencies including natural disasters. The ‘monti’ were financed through taxes. With this income the Monte could pay annual interest. For each issue, an annual interest rate was established according to the trend of demand from buyers.
Dimensions: approx. 38 x 22 cm
In good condition
- Finanzieller Titel - 1796
- Titolo emesso dal Monte di San Giovanni Battista di Torino
- Geschätzter Zeitraum
- Ende des 18. Jahrhunderts
- Guter Zustand - gebraucht, mit geringfügigen Altersspuren & Mängeln