The King of France had ordained by a Decree of 21 February  that all Directors and shareholders of the Company of the East Indies were to place into the hands of company Treasurer Marcou le Noir fifty percent of the value of their capital stock in three equal payments. Separate installment schedules were given for Directors and shareholders. The loan was for the term of two years. Shareholders could make their loans in shares or capital. Directors would be furnished with notes payable two years from 1 April 1702. Annual interest would be eight percent.