King Louis XIV revoked the monopoly of The Compagnie des Cent-Associés and New France became a Crown colony. Development had proved disappointing: In 1663 the population numbered scarcely 3000 people, 1175 of them Canadian-born. Less than 1% of the granted land was being exploited with no hint of the 5.4 million livres' worth of possible annual resources enumerated by Champlain.