1784 to 1792 · Pre-Revolutionaryspan
Half the profit of an average Nantes slaving voyage came from the treasury
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After 1784 the French government paid its slave traders a bounty averaging 14,000 livres for every ship sent to Africa. An average expedition out of Nantes between 1783 and 1792 came home with a profit of 25,000 to 30,000 livres, a net gain of about ten per cent. Half of what the trade earned therefore came from Versailles rather than from the sale of human beings. A typical ship cost 275,000 livres to fit out and sold 310 captives at around 1,300 livres each, so the gross figures looked handsome, averaging near fifty per cent and often passing a hundred. The net figures did not. Buyers in the islands paid late and paid short, and holding back about a tenth of what they owed halved the trader's return, from twenty per cent to ten. The merchants of Nantes complained continually while sending out record numbers of ships, because nothing else open to them paid better.