After one more unsuccessful attempt, in 1700, to recover his principality, he settled down at Galata with his wife.
The Genoese were established in the spacious quarter of Galata and threatened to absorb the trade of the Levant.
Table A gives the produce of the revenues in 1881-1882, the last year of the administration of the " Galata Bankers," the average product of the first, second, third, fourth and fifth quinquennial periods since the public council was established, and of the year 1907-1908.
In 1868 the Imperial Lycee of Galata Serai was founded; most of the later generation of officials received their education there.
Like the Lyceum of Galata Serai in Constantinople, it has two sets of professors, Turkish and French, and a full course of education in each language, the pupils following both courses.