v(n)⩽v(n!)⩽(n−1)θ and v(n)⩽(logn)/(logp) for every integer n⩾1. v(n!)=vp(n!)=(n−S(n))θ⩽(n−1)θ by Lemma 1. On the other hand, n⩾pv(n), whence v(n)⩽(logn)/(logp). Let I={U,V} be a set of two elements and let
H=r,s⩾0∑Hr,s(U,V)∈L^Q(I)
be the Hausdorff series (§ 6, no. 4, Definition 1). Let Z(p) be the local ring of Z relative to the prime ideal (p) and (eb)b∈B a basis of LZ(p)(I) over Z (§ 2, no. 11, Theorem 1). It is also a basis of LQ(I) over Q.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.