After Isaac Pereire left the study, Jerome Bonaparte once again picked up the report written by Achille Fuld and continued reading.
Ranking right below Isaac Pereire was the use of the City Government's meager fifty million francs by the Governor of Seine Province to create the Paris City Bank and the Seine Province Construction Bank.
At present, both banks are shouldering debts of a hundred million francs each.
If the two banks were to merge, their liabilities would undoubtedly make them rank first.
According to Achille Fuld's report, the debts of the City Bank and Construction Bank are continuously expanding, expected to reach three hundred million francs by 1858.
Such enormous liabilities are equivalent to almost two years' fiscal revenue of the entire Seine Province (excluding expenditures, it's equivalent to nearly 10 years' fiscal surplus of the entire Province).
