It became bankrupt in 1784 and ceased to exist in 1793.
At that time the government had been bankrupt, foreign country.
An arrangement with the creditors was concluded in 1888; but in 1895 the republic again became bankrupt, and a fresh arrangement was sanctioned in March 1897, by which the interest on £1,475,000 was reduced to 22% and that on £525,000 to 3%.
He had accepted an engagement there as conductor; but, the lessee becoming bankrupt, the scheme was abandoned in favour of a better appointment at Riga.
It was shortly afterwards bankrupt, and in 1668 the Bank of Sweden (Sveriges Riksbank) succeeded it.