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In 1523 King Francis I of France established a new central treasury, the Trésor de l'Épargne, into which all his revenues, ordinary and extraordinary, were to be deposited. In 1542 he set up 16 financial and administrative divisions, the généralités, appointing in each a collector general with the responsibility for the collection of all royal revenues within his area. In 1551 King Henry II added a treasurer general; from 1577 the bureaux des finances, new supervisory bodies composed of a collector general and a number of treasurers, made their appearance in each généralité.