In the meantime, Henry was marching down towards Italy with Poppo, accompanying him at least as far as Ulm. Here it came to light that the papal exchequer was close to bankrupt, and so Poppo was allowed to retain the revenues of his see. In addition, a deed was drawn up on 25 January 1048 that granted Poppo an important forest in the valley of Puster. Having done this, and unable to leave Germany in case there might be an uprising during his absence, Henry III directed Margrave Boniface to conduct the pope-designate to Rome in person, and in the emperor's name to arrange for the enthroning of the new pope.