Prior to the creation of the position "Surintendant des finances", France's royal financial administration had been run—from the time of Charles VII—by two financial boards which worked in a collegial manner: the four Généraux des finances oversaw the collection of taxes (taille, etc.) and the four Trésoriers de France (Treasurers) oversaw revenues from royal lands (the "domaine").
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Especially damaging was his closeness to the superintendent of finances, Nicolas Fouquet, who was arrested and imprisoned.