







 
   
     
       
         A proposal for amending the silver coins of England, and the possibility of it, without any great charge to the nation. Demonstrated in two different ways.
         Neale, Thomas, d. 1699?
      
       
         
           1696
        
      
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         A52733
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         ESTC R222058
         99833296
         99833296
         37772
         
           
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             A proposal for amending the silver coins of England, and the possibility of it, without any great charge to the nation. Demonstrated in two different ways.
             Neale, Thomas, d. 1699?
          
           [2], 60 p.
           
             printed for the author, and are to be sold by R. Baldwin, near the Oxford-Arms in Warwick-lane,
             London :
             1696.
          
           
             By Thomas Neale.
             Reproduction of original in the University of Illinois (Urbana-Champaign Campus). Library.
          
        
      
    
     
       
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         eng
      
       
         
           Coinage -- England -- Early works to 1800.
           Coinage -- Economic aspects -- Early works to 1800.
        
      
    
     
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           A
           PROPOSAL
           For
           Amending
           the
           
             Silver
             Coins
          
           OF
           ENGLAND
           ,
           And
           the
           Possibility
           of
           it
           ,
           without
           any
           Great
           Charge
           to
           the
           NATION
           .
           Demonstrated
           In
           Two
           Different
           Ways
           .
        
         
           LONDON
           :
           Printed
           for
           the
           Author
           ,
           and
           are
           to
           be
           Sold
           by
           
             R.
             Baldwin
          
           ,
           near
           the
           Oxford-Arms
           in
           Warwick-lane
           .
           1696.
           
        
      
    
     
       
         
         
         
           A
           PROPOSAL
           For
           Amending
           the
           Silver
           Coins
           OF
           ENGLAND
           ,
           &c.
           
        
         
           HAving
           often
           reflected
           on
           the
           Misfortunes
           ,
           that
           the
           Clipping
           Counterfeiting
           ,
           and
           Melting
           down
           of
           the
           Silver
           Coin
           of
           England
           would
           bring
           on
           this
           Nation
           ;
           and
           fore-seeing
           that
           I
           should
           be
           involved
           in
           the
           same
           as
           a
           Member
           of
           the
           Society
           ;
           I
           thought
           it
           my
           Duty
           to
           bestow
           sometime
           in
           the
           thoughts
           of
           endeavouring
           to
           find
           out
           a
           proper
           Remedy
           for
           that
           Publick
           Disease
           ,
           being
           encouraged
           
           by
           the
           Insight
           I
           have
           had
           already
           into
           that
           matter
           ,
           having
           had
           an
           occasion
           to
           apply
           my self
           to
           know
           the
           different
           Standards
           of
           Gold
           and
           Silver
           ,
           either
           in
           Ingot
           ,
           or
           in
           Current
           Coin.
           
        
         
           I
           fram'd
           then
           a
           Project
           about
           two
           Years
           ago
           ,
           in
           which
           I
           had
           always
           before
           my
           Eyes
           the
           great
           Difficulty
           of
           finding
           out
           a
           sufficient
           Fund
           to
           carry
           on
           the
           War
           ,
           and
           supplying
           the
           Charges
           of
           amending
           our
           Silver
           Coins
           .
           'T
           is
           true
           ,
           the
           Distemper
           was
           not
           then
           so
           great
           as
           it
           is
           at
           present
           ,
           but
           I
           thought
           it
           ought
           speedily
           to
           be
           remedied
           ,
           for
           fear
           it
           should
           become
           worse
           ,
           if
           I
           may
           say
           ,
           not
           uncurable
           .
           I
           considered
           therefore
           with
           my self
           all
           the
           Objections
           that
           ,
           I
           think
           ,
           are
           made
           at
           this
           day
           ;
           and
           ,
           I
           hope
           ,
           I
           have
           removed
           them
           as
           much
           as
           is
           possible
           ,
           humanly
           speaking
           .
           However
           ,
           I
           grant
           ,
           that
           there
           are
           in
           this
           Case
           such
           Difficulties
           as
           will
           never
           be
           removed
           ,
           if
           no
           Body
           will
           contribute
           towards
           it
           ,
           as
           for
           Example
           ;
           'T
           is
           certain
           ,
           our
           old
           Coin
           is
           hardly
           worth
           
           half
           of
           its
           first
           value
           ,
           and
           if
           every
           Body
           will
           have
           the
           old
           Species
           changed
           for
           new
           ones
           of
           the
           same
           Weight
           ,
           Standard
           ,
           and
           Price
           ,
           as
           the
           old
           was
           made
           for
           ,
           and
           will
           not
           at
           the
           same
           time
           contribute
           any
           thing
           towards
           it
           under
           pretence
           of
           the
           Taxes
           he
           is
           obliged
           to
           pay
           ,
           to
           carry
           on
           the
           War
           ;
           I
           don't
           know
           how
           they
           may
           be
           satisfied
           unless
           one
           should
           have
           the
           power
           of
           making
           something
           of
           nothing
           ,
           or
           the
           rare
           Secret
           so
           much
           inquired
           after
           ,
           of
           converting
           our
           Lead
           into
           Gold
           or
           Silver
           .
           But
           if
           Men
           were
           more
           reasonable
           ,
           and
           were
           once
           sensible
           of
           the
           Inconveniences
           that
           bad
           Mony
           brings
           into
           their
           Trade
           ,
           and
           of
           the
           loss
           they
           suffer
           daily
           by
           the
           diminution
           of
           the
           Coin
           ,
           they
           would
           (
           rather
           than
           be
           reduced
           to
           Trust
           or
           Exchange
           )
           earnestly
           intreat
           the
           King
           and
           Parliament
           to
           find
           out
           ,
           in
           their
           Wisdom
           ,
           a
           proper
           Remedy
           for
           that
           Disease
           ,
           and
           instead
           of
           repining
           at
           the
           very
           name
           of
           Taxes
           ,
           for
           that
           purpose
           ,
           they
           would
           cheerfully
           offer
           to
           
           pay
           them
           ;
           for
           the
           Amendment
           of
           our
           Silver
           Coin
           will
           appear
           to
           any
           Thinking
           Man
           ,
           a
           necessary
           Thing
           to
           secure
           our
           Riches
           ,
           establish
           our
           Prosperity
           ,
           and
           enable
           us
           to
           carry
           on
           this
           War
           with
           more
           Vigour
           ,
           and
           less
           Charge
           .
        
         
           But
           if
           Men
           will
           shut
           their
           Eyes
           against
           their
           own
           Interest
           ,
           must
           we
           be
           always
           in
           this
           deplorable
           Condition
           ?
           I
           don't
           think
           so
           ,
           and
           I
           make
           bold
           to
           say
           ,
           that
           His
           Majesty
           and
           the
           Two
           Houses
           of
           Parliament
           are
           to
           the
           rest
           of
           the
           Nation
           ,
           what
           a
           good
           Father
           is
           to
           his
           Child
           :
           And
           now
           supposing
           that
           a
           Father
           had
           suffered
           his
           Child
           to
           be
           several
           times
           let
           Blood
           by
           way
           of
           Precaution
           ,
           or
           to
           preserve
           his
           Health
           ;
           would
           it
           not
           be
           a
           very
           odd
           thing
           if
           he
           should
           refuse
           to
           suffer
           him
           to
           be
           let
           Blood
           once
           more
           to
           dissipate
           a
           Flux
           ,
           which
           according
           to
           the
           Judgment
           of
           the
           best
           Physicians
           ,
           would
           infallibly
           deprive
           him
           of
           his
           Sight
           ?
           Sure
           I
           am
           ,
           that
           no
           good
           Father
           would
           give
           ear
           to
           the
           unreasonable
           Apprehensions
           his
           Child
           should
           
           have
           of
           the
           Chirurgions
           Lancet
           .
           The
           Application
           is
           easy
           enough
           ,
           but
           ,
           I
           hope
           ,
           it
           is
           needless
           ;
           for
           ,
           I
           think
           ,
           I
           see
           a
           better
           Disposition
           in
           the
           Nation
           ,
           and
           every
           Body
           seems
           resolved
           to
           pay
           what
           Taxes
           shall
           be
           found
           necessary
           to
           free
           our selves
           from
           the
           innumerable
           Inconveniences
           that
           attend
           the
           badness
           of
           our
           Coin.
           
        
         
           This
           Disposition
           ought
           to
           Encourage
           all
           Friends
           and
           true
           Lovers
           of
           England
           ,
           to
           impart
           all
           they
           know
           of
           this
           Matter
           ,
           so
           that
           their
           Projects
           being
           compar'd
           together
           ,
           the
           best
           and
           the
           most
           easy
           way
           might
           be
           abstracted
           out
           of
           them
           ,
           for
           the
           Amendment
           of
           our
           Silver
           Coin.
           The
           Right
           Honourable
           the
           Lords
           of
           the
           Treasury
           have
           given
           us
           a
           good
           Example
           ,
           in
           desiring
           some
           Ingenious
           Gentlemen
           to
           give
           their
           Opinions
           concerning
           several
           Projects
           ,
           and
           ordering
           Mr.
           Lownds
           their
           Secretary
           to
           make
           a
           Report
           of
           the
           same
           ,
           with
           his
           own
           Thoughts
           on
           the
           Case
           ,
           
           which
           he
           has
           performed
           with
           a
           great
           deal
           of
           Ingenuity
           and
           Accuracy
           .
        
         
           It
           was
           from
           this
           Motive
           ,
           that
           I
           made
           bold
           to
           present
           on
           the
           Fourth
           of
           Ianuary
           last
           ,
           to
           the
           Lords
           of
           the
           Treasury
           ,
           a
           
             Project
             for
             Reforming
             our
             Coin
          
           ;
           which
           since
           that
           time
           ,
           I
           have
           laboured
           to
           improve
           and
           illustrate
           ,
           by
           answering
           all
           the
           Difficulties
           and
           Objections
           ,
           that
           I
           thought
           could
           be
           made
           against
           it
           .
           I
           have
           also
           examined
           the
           various
           Opinions
           of
           those
           who
           have
           written
           on
           that
           Subject
           ,
           and
           perused
           almost
           all
           the
           Projects
           that
           were
           given
           the
           last
           Session
           of
           Parliament
           .
           It
           would
           be
           useless
           ,
           and
           too
           tedious
           to
           make
           particular
           Observations
           on
           those
           Projects
           ,
           and
           therefore
           I
           'll
           content
           my self
           with
           these
           few
           General
           Propositions
           .
        
         
           I.
           That
           an
           Ounce
           of
           Gold
           and
           Silver
           of
           the
           same
           Weight
           and
           Standard
           ,
           has
           in
           all
           parts
           in
           the
           World
           the
           same
           Intrinsick
           value
           ,
           as
           here
           in
           England
           .
        
         
         
           II.
           That
           the
           Denomination
           of
           the
           pieces
           of
           Gold
           and
           Silver
           ,
           or
           the
           raising
           or
           the
           lowering
           their
           current
           Price
           ,
           adds
           nothing
           to
           the
           Intrinsick
           value
           thereof
           ;
           as
           for
           Example
           ,
           If
           the
           Piece
           we
           call
           a
           Crown
           ,
           was
           raised
           from
           five
           Shillings
           to
           ten
           Shillings
           ,
           or
           lowered
           to
           2
           
             s.
             6
             d.
          
           it
           is
           always
           the
           same
           Piece
           ,
           there
           is
           no
           more
           and
           no
           less
           Silver
           in
           it
           ,
           and
           its
           Allay
           is
           neither
           courser
           nor
           finer
           .
        
         
           III.
           If
           its
           Intrinsick
           value
           be
           always
           the
           same
           ;
           't
           is
           plain
           that
           Foreigners
           will
           take
           our
           Coin
           according
           to
           it
           ,
           and
           not
           according
           to
           its
           Denomination
           .
        
         
           VI.
           That
           our
           Coin
           being
           taken
           by
           Foreigners
           only
           according
           to
           its
           Intrinsick
           value
           ,
           they
           give
           their
           Commodities
           in
           Exchange
           ,
           in
           Proportion
           to
           the
           same
           .
        
         
           V.
           That
           they
           take
           our
           Commodities
           in
           Exchange
           for
           theirs
           ,
           or
           for
           Gold
           or
           Silver
           proportionably
           ,
           according
           
           to
           the
           Estimation
           they
           make
           of
           our
           Coins
           ,
           viz.
           according
           to
           its
           Intrinsick
           value
           .
        
         
           VI.
           That
           the
           Exchange
           with
           Foreign
           Countries
           is
           always
           fixed
           and
           settled
           ,
           (
           or
           with
           a
           very
           inconsiderable
           difference
           ,
           sometimes
           more
           sometimes
           less
           ,
           according
           to
           what
           we
           owe
           them
           ,
           or
           they
           owe
           us
           )
           when
           the
           Value
           ,
           Weight
           ,
           and
           Standard
           of
           the
           Coins
           are
           settled
           .
        
         
           VII
           .
           That
           Foreigners
           make
           a
           considerable
           profit
           upon
           us
           ,
           by
           reason
           of
           the
           uncertainty
           of
           the
           value
           of
           our
           Clipt
           Mony
           ,
           and
           have
           a
           great
           advantage
           in
           the
           Exchange
           ,
           taking
           the
           occasion
           from
           the
           badness
           of
           our
           Mony.
           
        
         
           From
           these
           Observations
           it
           follows
           ,
           that
           the
           raising
           or
           lowering
           our
           Coin
           ,
           is
           nothing
           to
           the
           Riches
           of
           our
           Country
           ,
           but
           that
           it
           is
           highly
           necessary
           to
           melt
           down
           all
           the
           Clipt
           Mony
           ,
           to
           make
           new
           Coins
           ,
           which
           may
           not
           be
           Clipped
           ,
           and
           to
           fix
           its
           Weight
           and
           Standard
           ,
           
           and
           then
           all
           the
           Commodities
           ,
           both
           of
           our
           own
           Country
           ,
           and
           Foreign
           ;
           and
           the
           Exchange
           will
           in
           a
           short
           time
           fall
           proportionably
           to
           its
           Intrinsick
           value
           .
        
         
           There
           is
           no
           sensible
           Man
           ,
           but
           will
           ,
           I
           am
           sure
           ,
           own
           this
           Consequence
           ,
           and
           that
           it
           is
           time
           to
           do
           it
           ,
           the
           Disease
           growing
           every
           day
           worse
           and
           worse
           ;
           but
           the
           great
           Difficulty
           is
           to
           find
           out
           a
           Practicable
           Way
           in
           this
           time
           of
           War.
           I
           must
           confess
           this
           is
           a
           weighty
           one
           ,
           but
           ,
           I
           hope
           ,
           the
           Project
           which
           I
           offered
           last
           Year
           to
           the
           Lords
           of
           the
           Treasury
           ,
           will
           make
           it
           appear
           to
           be
           very
           possible
           ,
           and
           therefore
           I
           offer
           it
           again
           with
           some
           Additions
           ,
           in
           Relation
           to
           the
           Present
           Time.
           
        
         
           I
           don't
           presume
           however
           ,
           that
           this
           Project
           should
           be
           the
           only
           one
           by
           which
           our
           Coins
           may
           be
           amended
           ,
           seeing
           I
           have
           since
           that
           time
           made
           another
           ,
           which
           I
           have
           annexed
           to
           my
           former
           ,
           to
           shew
           that
           I
           am
           very
           willing
           to
           impart
           whatever
           I
           know
           on
           this
           Subject
           ;
           
           and
           ,
           I
           think
           ,
           as
           I
           said
           before
           ,
           that
           every
           true
           English-man
           ought
           to
           do
           the
           like
           .
        
         
           
             A
             PROPOSAL
             to
             have
             all
             the
             Silver
             Mony
             of
             England
             Melted
             down
             ,
             and
             made
             New
             ,
             and
             to
             be
             of
             the
             same
             Weight
             and
             Standard
             ,
             as
             the
             New
             Mill'd
             Mony
             now
             is
             ,
             or
             of
             more
             ;
             and
             that
             the
             Loss
             which
             thereby
             will
             happen
             to
             those
             who
             have
             Clipt
             Mony
             ,
             will
             be
             so
             inconsiderable
             ,
             that
             even
             they
             themselves
             shall
             be
             willing
             to
             bring
             in
             their
             Mony
             to
             be
             new
             Coined
             ,
             and
             that
             the
             Diminution
             of
             the
             Numerical
             quantity
             of
             Mony
             ,
             which
             will
             happen
             by
             the
             Melting
             it
             down
             ,
             will
             be
             more
             than
             supplied
             .
          
           
             WHereas
             the
             Crown
             Piece
             ,
             or
             its
             value
             and
             weight
             in
             half
             Crowns
             ,
             Shillings
             ,
             Six-pences
             ,
             &c.
             is
             by
             Clipping
             reduced
             (
             one
             with
             the
             other
             )
             to
             very
             near
             one
             third
             part
             of
             
             Loss
             ,
             as
             it
             will
             appear
             by
             a
             Computation
             ,
             hereunto
             annexed
             ,
             in
             which
             't
             is
             shown
             ,
             that
             the
             said
             Crown
             Piece
             ,
             and
             any
             other
             Piece
             proportionably
             from
             
               Nineteen
               Penny
               Weight
            
             254838
             /
             1000000
             parts
             of
             
               Penny
               Weight
            
             ,
             that
             the
             said
             Crown
             ought
             to
             weigh
             ,
             is
             now
             reduced
             to
             Thirteen
             Penny
             Weight
             or
             there
             abouts
             ,
             from
             whence
             it
             follows
             ,
             that
             upon
             Five
             Millions
             of
             Silver
             Coin
             ,
             it
             is
             1666666
             
               l.
               13s
               .
               4d
            
             .
             of
             Loss
             ;
             which
             Loss
             cannot
             be
             mended
             by
             the
             usual
             ways
             ,
             but
             by
             a
             General
             Tax
             ,
             (
             which
             is
             not
             seasonable
             in
             this
             time
             of
             War
             )
             or
             by
             Means
             that
             are
             not
             proportionable
             to
             the
             Grandeur
             of
             this
             Nation
             ,
             as
             the
             lessening
             of
             the
             Weight
             of
             the
             Coin
             ,
             without
             increasing
             the
             Price
             thereof
             ;
             or
             the
             lessening
             of
             the
             Standard
             ,
             by
             mixing
             of
             Copper
             or
             other
             Allay
             ;
             or
             lastly
             ,
             in
             setting
             an
             higher
             value
             than
             
               Five
               Shillings
            
             ,
             or
             
               Sixty
               Pence
            
             to
             the
             said
             Crown
             Piece
             .
             And
             whereas
             it
             is
             absolutely
             Necessary
             to
             prevent
             the
             Clipping
             of
             the
             Coin
             of
             
             this
             Kingdom
             for
             the
             Future
             ,
             the
             following
             Expedients
             have
             been
             found
             .
          
           
             I.
             That
             in
             two
             Years
             time
             ,
             viz.
             from
             the
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             all
             the
             Silver
             Coin
             of
             England
             should
             be
             brought
             to
             the
             Mint
             ,
             to
             be
             melted
             and
             new
             Coined
             ,
             and
             there
             to
             be
             taken
             and
             paid
             according
             to
             its
             Weight
             ,
             in
             new
             Coin
             Standard
             ,
             of
             the
             Weight
             hereafter-mentioned
             ,
             and
             for
             the
             Price
             hereafter
             specified
             .
          
           
             II.
             That
             from
             the
             25th
             of
             
               March
               1696
            
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             all
             the
             Coin
             of
             England
             ,
             Clipt
             or
             not
             Clipt
             ,
             should
             pass
             Current
             ,
             and
             be
             taken
             in
             Payment
             for
             the
             Price
             it
             was
             made
             for
             ,
             viz.
             Crown
             Pieces
             for
             Five
             Shillings
             ,
             half
             Crowns
             for
             Two
             Shillings
             and
             Six-pence
             ,
             Shillings
             for
             Twelve-pence
             ,
             Six-penny
             Pieces
             for
             Six-pence
             ,
             one
             ,
             two
             ,
             three
             ,
             or
             four
             Penny
             Pieces
             for
             the
             Price
             they
             go
             now
             
             for
             ,
             (
             the
             
               Exceptions
               hereafter
               mentioned
               only
               Excepted
               .
               )
            
          
           
             III.
             That
             from
             the
             25th
             of
             
               March
               1696
            
             ,
             to
             the
             25th
             of
             March
             ,
             1697
             ,
             any
             Crown
             Pieces
             ,
             or
             their
             value
             in
             half
             Crowns
             ,
             Shillings
             ,
             Six-pences
             ,
             &c.
             that
             ought
             to
             weigh
             
               Nineteen
               Penny
               Weight
            
             ,
             and
             shall
             weigh
             only
             
               Fifteen
               dw
               .
            
             ,
             not
             only
             should
             pass
             in
             Current
             Payments
             for
             
               Five
               Shillings
            
             ,
             but
             be
             taken
             at
             the
             Mint
             for
             that
             Price
             ,
             separated
             or
             mixt
             together
             with
             other
             Crowns
             of
             more
             or
             less
             weight
             ;
             Shillings
             of
             Three
             dw
             .
             for
             Twelve
             Pence
             ,
             the
             Six-penny
             Piece
             of
             1
             dw
             .
             12
             gr
             .
             for
             Six-pence
             ;
             the
             Four-penny-piece
             of
             1
             dw
             .
             for
             Four
             Pence
             ;
             the
             Three-penny-piece
             of
             18
             gr
             .
             for
             Three-pence
             ;
             the
             Two-penny-piece
             of
             12
             gr
             .
             for
             Two-pence
             ;
             and
             the
             One-penny-piece
             of
             6
             gr
             .
             for
             One
             Penny.
             
          
           
             IV.
             That
             from
             the
             said
             25th
             of
             March
             1697
             ,
             to
             the
             25th
             of
             
               March
               
               1698
            
             ,
             any
             Crown
             Pieces
             or
             their
             value
             in
             Half-Crowns
             ,
             Shillings
             ,
             &c.
             as
             above
             ,
             that
             shall
             weigh
             only
             
               Fifteen
               Penny
               Weight
            
             ,
             shall
             pass
             in
             Current
             Payment
             for
             Four
             Shillings
             Four-pence
             Half-penny
             ;
             and
             for
             that
             Price
             shall
             be
             taken
             at
             the
             Mint
             separately
             ,
             or
             mixed
             with
             others
             :
             The
             Half-Crown
             for
             Two
             Shillings
             Two-pence
             Half-penny
             ;
             the
             Shilling
             for
             Ten-pence
             Half-penny
             ;
             the
             Six-penny
             Piece
             for
             Five-pence
             one
             Farthing
             ;
             and
             the
             Four
             ,
             Three
             ,
             Two
             ,
             and
             One-penny
             Pieces
             shall
             pass
             in
             current
             Payment
             for
             their
             ordinary
             Price
             ,
             but
             at
             the
             Mint
             they
             shall
             be
             taken
             only
             according
             to
             their
             Weight
             ,
             at
             the
             Rate
             of
             Five
             Shillings
             and
             Ten-pence
             an
             Ounce
             .
          
           
             V.
             That
             from
             the
             said
             25th
             of
             March
             1698
             ,
             and
             thenceforth
             all
             the
             old
             Silver
             Coins
             of
             England
             be
             
               Cry'd
               Down
            
             ,
             insomuch
             that
             no
             
             Body
             takes
             it
             in
             Payment
             for
             any
             Price
             ,
             and
             that
             the
             same
             be
             Sold
             to
             the
             Mint
             ,
             and
             no
             where
             else
             as
             Bullion
             ,
             after
             the
             Rate
             of
             Five
             Shillings
             an
             Ounce
             ;
             which
             shall
             be
             for
             the
             Future
             the
             settled
             Price
             of
             the
             Ounce
             of
             Silver
             Standard
             :
          
           
             VI.
             In
             order
             to
             encourage
             People
             to
             carry
             their
             old
             Mony
             to
             the
             Mint
             to
             be
             Melted
             ,
             it
             shall
             be
             allowed
             at
             the
             Mint
             ,
             from
             the
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             March
             1697
             ,
             One
             Penny
             profit
             for
             every
             Penny
             Weight
             that
             any
             Crown
             shall
             weigh
             above
             15
             dw
             .
             viz.
             a
             Crown
             ,
             or
             its
             value
             in
             Half-Crowns
             ,
             Shillings
             ,
             &c.
             
             Weighing
             16
             dw
             .
             shall
             be
             taken
             at
             the
             Mint
             for
             Five
             Shillings
             ,
             one
             of
             17
             dw
             .
             for
             5
             
               s.
               2
               d.
            
             ;
             one
             of
             18
             dw
             .
             for
             5
             
               s.
               3
               d.
            
             ;
             one
             of
             19
             dw
             .
             for
             5
             
               s.
               4
               d.
            
             ;
             and
             one
             above
             19
             dw
             .
             if
             any
             for
             5
             
               s.
               5
               d.
            
             
          
           
             VII
             .
             And
             to
             lessen
             the
             Loss
             of
             those
             that
             shall
             have
             Crowns
             ,
             or
             any
             
             other
             Coins
             Proportionably
             under
             the
             weight
             of
             15
             dw
             .
             till
             10
             dw
             .
             ;
             it
             shall
             be
             abated
             only
             Two-pence
             for
             every
             Penny-weight
             ,
             that
             such
             a
             Crown
             or
             Crowns
             ,
             or
             other
             Pieces
             proportionably
             ,
             shall
             weigh
             less
             than
             the
             said
             15
             dw
             .
             from
             the
             said
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             
               March
               1697
               ,
               viz.
            
             a
             Crown
             from
             15
             dw
             .
             to
             14
             ,
             shall
             be
             paid
             at
             the
             Mint
             4
             
               s.
               10
               d.
            
             ;
             one
             from
             14
             dw
             .
             to
             13
             ,
             4
             
               s.
               8
               d.
            
             ;
             one
             from
             13
             dw
             .
             to
             12
             ,
             4
             
               s.
               6
               d.
            
             ;
             one
             from
             12
             dw
             .
             to
             11
             ,
             4
             
               s.
               4
               d.
            
             ;
             one
             from
             11
             dw
             .
             to
             10
             ,
             4
             
               s.
               2
               d.
            
             :
             And
             from
             the
             said
             25th
             of
             March
             1697
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             it
             shall
             be
             abated
             Three-pence
             for
             every
             Penny-weight
             that
             a
             Crown
             Piece
             ,
             or
             its
             value
             in
             Half-Crowns
             ,
             &c.
             shall
             Weigh
             less
             than
             15
             dw
             .
          
           
             VIII
             .
             To
             encourage
             People
             to
             carry
             their
             Clipt
             Mony
             to
             the
             Mint
             to
             be
             Melted
             ,
             and
             to
             moderate
             the
             Loss
             which
             will
             happen
             by
             the
             
             Crowns
             (
             Half-Crowns
             and
             other
             Pieces
             proportionably
             )
             that
             shall
             weigh
             under
             15
             dw
             .
             ;
             it
             shall
             be
             at
             the
             liberty
             of
             every
             Person
             ,
             from
             the
             said
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             to
             mix
             their
             Broad
             and
             Clipt
             Mony
             ,
             so
             that
             the
             heavy
             Coin
             should
             make
             amends
             for
             the
             light
             one
             :
             As
             for
             Example
             ,
             one
             who
             has
             two
             Crowns
             ,
             whereof
             one
             weighs
             19
             dw
             .
             ,
             and
             the
             other
             11
             dw
             .
             may
             by
             putting
             them
             together
             ,
             reduce
             them
             to
             15
             dw
             .
             and
             receiv
             at
             the
             Mint
             5
             s.
             for
             each
             of
             them
             .
          
           
             IX
             .
             That
             no
             Crown
             ,
             or
             its
             Value
             in
             Half-Crowns
             ,
             Shillings
             ,
             &c.
             that
             shall
             Weigh
             under
             10
             dw
             .
             ,
             shall
             be
             taken
             alone
             at
             the
             Mint
             but
             as
             Bullion
             ,
             viz.
             from
             the
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             after
             the
             Rate
             of
             6
             
               s.
               8
               d.
            
             an
             Ounce
             ;
             but
             after
             the
             said
             25th
             of
             March
             1698
             ,
             and
             thenceforth
             the
             Bullion
             Standard
             
             shall
             be
             fixed
             at
             5
             s.
             an
             Ounce
             ,
             and
             no
             more
             and
             no
             less
             .
             But
             such
             a
             Crown
             may
             be
             taken
             at
             the
             Mint
             ,
             from
             the
             25th
             of
             
               March
               1696
            
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             if
             mixt
             with
             other
             heavy
             ones
             ,
             so
             that
             together
             they
             should
             weigh
             above
             the
             said
             10
             dw
             .
             The
             same
             Piece
             however
             shall
             pass
             Current
             in
             Payment
             for
             Five
             Shillings
             during
             that
             time
             ,
             unless
             it
             should
             be
             Mark'd
             by
             an
             Officer
             appointed
             for
             that
             purpose
             ,
             in
             which
             Case
             it
             shall
             cease
             to
             be
             Current
             ,
             and
             shall
             be
             taken
             only
             by
             the
             Mint
             ,
             as
             Bullion
             ,
             after
             the
             Rate
             abovesaid
             .
          
           
             X.
             And
             to
             avoid
             the
             Clipping
             of
             our
             Coin
             hereafter
             ,
             and
             make
             new
             Coins
             really
             worth
             what
             they
             shall
             go
             for
             ;
             'T
             is
             Proposed
             to
             Coin
             henceforth
             at
             the
             Mint
             new
             Pieces
             called
             Crowns
             ,
             Half-Crowns
             ,
             Shillings
             ,
             Six-pences
             ,
             and
             Three-pences
             Standard
             ,
             Milled
             and
             Stamped
             ,
             
             as
             the
             now
             new
             ones
             are
             ,
             with
             some
             difference
             in
             the
             Stamp
             ,
             in
             order
             that
             they
             may
             be
             known
             one
             from
             the
             other
             .
             The
             New
             Crown
             to
             Weigh
             Twenty-penny
             Weight
             ,
             the
             Half-Crown
             10
             dw
             .
             ;
             the
             Shilling
             4
             dw
             .
             ;
             the
             Six-penny
             Piece
             2
             dw
             .
             ;
             and
             the
             Three-penny
             Piece
             One-penny
             Weight
             ,
             Coined
             so
             ,
             that
             it
             should
             be
             two
             or
             three
             
               per
               Cent
            
             benefit
             upon
             the
             Mony
             ,
             from
             the
             Weight
             of
             the
             Bullion
             ,
             that
             is
             to
             say
             ,
             That
             out
             of
             100
             Ounces
             of
             Bullion
             Standard
             ,
             it
             should
             be
             made
             One
             hundred
             ,
             and
             two
             or
             three
             Crown
             Pieces
             ,
             whereof
             One
             
               per
               Cent
            
             shall
             be
             allowed
             to
             any
             Person
             that
             shall
             carry
             old
             Coin
             ,
             for
             the
             value
             of
             Ten
             Pounds
             or
             above
             at
             once
             ,
             to
             the
             Mint
             to
             be
             Melted
             ,
             but
             no
             Allowance
             to
             be
             made
             under
             the
             said
             Ten
             Pounds
             .
          
           
             The
             Copper
             Farthings
             shall
             be
             estimated
             worth
             Two
             Grains
             of
             
             Silver
             ,
             and
             shall
             go
             at
             any
             time
             hereafter
             ,
             as
             they
             go
             now
             four
             for
             a
             Penny.
             
          
           
             XI
             .
             These
             new
             Coins
             shall
             be
             Current
             ,
             from
             the
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             
               March
               1697
               ,
               viz.
            
             The
             new
             Crown
             for
             6
             
               s.
               8
               d.
            
             the
             new
             Half-Crown
             for
             3
             
               s.
               4
               d.
            
             ;
             the
             Shilling
             for
             1
             
               s.
               4
               d.
            
             ;
             the
             Six-pence
             Piece
             for
             8
             d.
             ;
             and
             the
             Three-penny
             Piece
             for
             4
             d.
             ;
             and
             for
             that
             Price
             shall
             be
             exchanged
             at
             the
             Mint
             for
             old
             Coin
             of
             England
             .
          
           
             XII
             .
             And
             from
             the
             25th
             of
             
               March
               1697
            
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             the
             said
             New
             Milled
             Mony
             shall
             be
             Current
             only
             at
             the
             following
             Price
             ,
             viz.
             The
             Crowns
             for
             5
             
               s.
               10
               d.
            
             the
             Half-crown
             for
             2
             
               s.
               11
               d.
            
             ;
             the
             Shillings
             for
             1
             
               s.
               2
               d.
            
             ;
             the
             Six-penny
             Piece
             for
             7
             d.
             ;
             and
             the
             other
             pieces
             in
             Proportion
             :
             But
             af-the
             25th
             of
             March
             1698
             ,
             and
             thenceforth
             no
             Silver
             Coin
             of
             England
             shall
             go
             ,
             but
             the
             
               New
               
               One
            
             ,
             viz.
             The
             Crowns
             for
             5
             s.
             ;
             the
             Half-crowns
             for
             2
             
               s.
               6
               d.
            
             ;
             and
             the
             Shillings
             ,
             &c.
             in
             Proportion
             .
          
           
             XIII
             .
             But
             whereas
             the
             Melting
             of
             the
             Old
             Coin
             ,
             and
             the
             Making
             of
             New
             ,
             shall
             have
             diminished
             by
             the
             25th
             of
             March
             1698
             ,
             about
             one
             third
             Numerical
             part
             of
             the
             Silver
             Pieces
             ,
             to
             supply
             that
             Diminution
             without
             any
             considerable
             Tax
             ;
             't
             is
             Necessary
             that
             the
             Parliament
             should
             Enact
             .
          
           
             That
             from
             the
             25th
             of
             March
             1696
             ,
             and
             thenceforth
             all
             the
             Gold
             and
             Silver
             Bullion
             in
             Ingot
             ,
             Plate
             ,
             or
             otherwise
             ;
             above
             one
             Ounce
             for
             Gold
             ,
             and
             twelve
             Ounces
             Weight
             for
             Silver
             ,
             that
             shall
             be
             hereafter
             Imported
             or
             Exported
             ,
             be
             Entred
             in
             a
             Book
             kept
             for
             that
             purpose
             at
             the
             Custom-House
             ;
             and
             from
             thence
             carried
             to
             the
             
               Tower
               of
               London
            
             ,
             to
             be
             assayed
             there
             and
             Marked
             ,
             how
             much
             better
             or
             worse
             it
             is
             than
             Standard
             ,
             and
             Registred
             again
             (
             the
             whole
             to
             be
             done
             
             Gratis
             ,
             and
             with
             a
             free
             Cocket
             ,
             as
             well
             for
             the
             Exportation
             as
             the
             Importation
             .
             )
             The
             Pieces
             of
             Eight
             ,
             or
             any
             other
             Foreign
             Coin
             ,
             Gold
             or
             Silver
             ,
             are
             also
             to
             be
             Registred
             ,
             and
             if
             thought
             fit
             ,
             Marked
             at
             the
             
               Tower
               ;
               (
               The
               Pieces
               of
               Eight
               ,
            
             Mexico
             and
             Sevil
             
               excepted
               as
               to
               the
               Mark.
            
             )
             It
             shall
             be
             also
             at
             the
             liberty
             of
             any
             Person
             ,
             that
             shall
             have
             Bullion
             ,
             carried
             into
             the
             Tower
             to
             be
             Assayed
             there
             ,
             to
             have
             it
             cast
             in
             Cakes
             of
             40
             ,
             50
             ,
             100
             ,
             200
             ,
             300
             ,
             or
             400
             Ounces
             each
             ,
             the
             same
             being
             first
             reduced
             to
             Standard
             ,
             which
             shall
             be
             done
             Gratis
             .
          
           
             And
             from
             the
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             March
             1697
             ,
             all
             such
             Bullion
             Assayed
             at
             the
             Tower
             ,
             and
             Marked
             Standard
             ,
             cast
             in
             Cakes
             or
             not
             ,
             and
             also
             all
             the
             Pieces
             of
             
               Eight
               ,
               Mexico
            
             ,
             or
             Sevil
             ,
             (
             although
             not
             Marked
             ,
             )
             shall
             pass
             and
             be
             Current
             in
             Payments
             above
             
               Ten
               Pounds
            
             ,
             as
             the
             Coin
             of
             England
             ,
             by
             the
             Ounce
             ,
             and
             not
             by
             the
             Piece
             ,
             after
             the
             Rate
             of
             6
             
               s.
               8
               d.
            
             an
             Ounce
             ;
             and
             the
             Bullion
             Marked
             better
             or
             worse
             ,
             for
             
             more
             or
             less
             than
             the
             said
             6
             s.
             and
             8
             d.
             ;
             and
             from
             1697
             ,
             to
             1698
             ,
             for
             5
             
               s.
               10
               d.
            
             an
             Ounce
             .
          
           
             But
             ▪
             after
             the
             25th
             of
             March
             1698
             ,
             and
             thenceforth
             all
             such
             Bullion
             ,
             and
             also
             the
             Pieces
             of
             
               Eight
               ,
               Mexico
            
             and
             Sevil
             ,
             shall
             pass
             in
             Current
             Payment
             for
             above
             Ten
             Pounds
             by
             the
             Ounce
             ,
             and
             not
             by
             Piece
             ,
             after
             the
             Rate
             of
             Five
             Shillings
             an
             Ounce
             ,
             and
             the
             Bullion
             Marked
             better
             or
             worse
             than
             Standard
             ,
             for
             more
             or
             less
             value
             than
             the
             said
             5
             s.
             
          
           
             And
             whereas
             there
             is
             already
             in
             the
             Kingdom
             abundance
             of
             Gold
             and
             Silver
             ,
             which
             is
             neither
             Marked
             nor
             Assayed
             at
             the
             Tower
             ,
             it
             shall
             be
             Lawful
             to
             the
             Owner
             thereof
             to
             Export
             it
             ,
             carrying
             it
             first
             to
             the
             Mint
             to
             be
             Assayed
             and
             Registred
             there
             ;
             but
             after
             the
             25th
             of
             March
             1696
             ,
             all
             the
             Bullion
             in
             the
             Kingdom
             not
             Marked
             shall
             be
             Lawfully
             seized
             as
             Coin
             of
             England
             Melted
             .
          
           
             But
             in
             case
             any
             Gold
             or
             Silver
             of
             the
             Quality
             above-mentioned
             ,
             after
             the
             25th
             of
             March
             1696
             ,
             should
             be
             found
             
             Shipped
             in
             stealth
             to
             be
             Exported
             ,
             or
             Imported
             ,
             the
             same
             shall
             be
             confiscated
             ,
             two
             third
             parts
             to
             the
             King
             ,
             and
             the
             other
             third
             part
             to
             the
             Informer
             .
          
           
             And
             whereas
             some
             Ships
             Importing
             such
             Bullion
             ,
             may
             be
             entred
             in
             other
             Custom-Houses
             than
             London
             ;
             in
             that
             Case
             such
             Bullion
             shall
             not
             pass
             in
             Payment
             ,
             nor
             be
             expos'd
             to
             Sale
             at
             any
             Rate
             ,
             nor
             Bought
             by
             any
             ,
             upon
             pain
             of
             Forfeiting
             the
             same
             ;
             two
             thirds
             to
             the
             Kings
             ,
             and
             one
             third
             to
             the
             Informer
             ,
             till
             it
             has
             been
             Assayed
             in
             the
             Mint
             ;
             and
             in
             the
             mean
             time
             the
             Owner
             thereof
             is
             to
             have
             it
             Entred
             for
             his
             discharge
             in
             the
             Book
             of
             the
             next
             Custom-House
             ,
             where
             the
             Ship
             is
             Entred
             ,
             for
             fear
             that
             such
             Bullion
             should
             be
             seised
             as
             Coin
             of
             England
             Melted
             .
          
           
             And
             also
             the
             Officers
             of
             the
             Mint
             are
             to
             be
             strictly
             charged
             to
             receive
             no
             Bullion
             from
             any
             Body
             ,
             (
             that
             appears
             not
             to
             have
             been
             Imported
             by
             the
             Register
             ,
             kept
             for
             that
             purpose
             )
             except
             the
             Owner
             thereof
             ,
             or
             some
             Body
             for
             
             him
             ,
             should
             make
             Oath
             ,
             that
             the
             same
             is
             not
             directly
             nor
             indirectly
             of
             the
             knowledge
             of
             Him
             or
             Owner
             ,
             proceeding
             from
             any
             Coin
             of
             England
             Melted
             ,
             and
             in
             case
             any
             Bullion
             at
             any
             time
             was
             proved
             to
             proceed
             from
             the
             Coin
             of
             England
             melted
             ,
             the
             same
             to
             be
             Confiscated
             ;
             two
             thirds
             to
             the
             King
             ,
             and
             one
             third
             to
             the
             Informer
             ;
             and
             the
             Melter
             thereof
             to
             be
             subject
             to
             the
             Laws
             already
             in
             force
             in
             such
             a
             Case
             .
          
           
             That
             no
             Silver
             Bullion
             Standard
             ,
             from
             the
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             March
             1697
             ,
             be
             Sold
             or
             Bought
             for
             more
             than
             6
             
               s.
               8
               d.
            
             ;
             and
             from
             1697
             to
             1698
             ,
             more
             than
             5
             
               s.
               10
               d.
            
             ;
             but
             if
             better
             or
             worse
             ,
             proportionably
             to
             that
             Price
             .
             And
             after
             the
             25th
             of
             
               March
               1698
            
             ,
             no
             more
             than
             5
             s.
             an
             Ounce
             upon
             pain
             of
             Forfeiting
             the
             same
             ,
             two
             thirds
             to
             the
             King
             ,
             and
             one
             to
             the
             Informer
             .
          
           
             Whereas
             in
             the
             Two
             Years
             Melting
             ,
             Contentions
             may
             probably
             arise
             about
             the
             Brass
             and
             Clipt
             Mony
             ;
             Fourteen
             Persons
             skill'd
             in
             the
             knowledge
             of
             Coin
             
             are
             to
             be
             chosen
             to
             be
             Judges
             of
             that
             ,
             and
             also
             to
             change
             the
             old
             Mony
             for
             new
             :
             And
             during
             the
             said
             Two
             Years
             ,
             viz.
             from
             the
             25th
             of
             March
             1696
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             they
             shall
             Mark
             all
             the
             Brass
             Mony
             that
             shall
             fall
             into
             their
             Hands
             with
             a
             double
             Punchon
             ;
             and
             all
             the
             Crowns
             under
             the
             Weight
             of
             10
             dw
             .
             ;
             with
             a
             single
             Punchon
             ,
             and
             the
             Mony
             so
             Marked
             shall
             not
             pass
             ,
             but
             as
             Bullion
             .
             Those
             Fourteen
             Persons
             are
             to
             be
             disposed
             as
             follows
             ;
             
               
                 One
                 at
                 the
                 Tower
                 ,
                 who
                 shall
                 be
                 called
                 ,
                 
                   General
                   Register-Keeker
                
                 .
              
               
                 One
                 about
                 the
                 Royal-Exchange
                 .
              
               
                 One
                 about
                 White-Hall
                 .
              
               
                 One
                 at
                 Oxford
                 .
              
               
                 One
                 at
                 Southampton
                 .
              
               
                 One
                 at
                 Exeter
                 .
              
               
                 One
                 at
                 Bristol
                 .
              
               
                 One
                 at
                 Chester
                 .
              
               
                 One
                 at
                 Nottingham
                 ,
              
               
                 One
                 at
                 Newcastle
                 ,
              
               
                 One
                 at
                 York
                 .
              
               
                 
                 One
                 at
                 Colchester
                 ,
              
            
             
               
                 In
                 Wales
                 ,
              
               
                 One
                 at
                 Denbigh
                 ,
                 and
                 another
                 at
                 Caermarthen
                 ,
              
            
          
           
             Who
             shall
             be
             called
             Mint-Bankers
             ,
             or
             Changers
             .
             Those
             of
             London
             shall
             send
             every
             Week
             the
             old
             Coin
             to
             the
             Tower
             to
             receive
             new
             ;
             and
             those
             of
             the
             Country
             every
             Month
             ,
             unless
             it
             is
             thought
             fit
             to
             erect
             new
             Mints
             in
             several
             parts
             of
             England
             ,
             as
             it
             has
             been
             done
             formerly
             in
             such
             a
             Case
             .
          
           
             And
             for
             the
             Ease
             of
             those
             Bankers
             ,
             and
             of
             the
             Mint
             too
             ,
             (
             which
             shall
             not
             be
             able
             to
             Coin
             Mony
             enough
             to
             satisfy
             those
             that
             shall
             carry
             in
             their
             old
             Mony
             )
             all
             the
             Sums
             under
             10
             l.
             shall
             be
             paid
             in
             new
             Coin
             ,
             but
             the
             Sums
             above
             that
             ,
             shall
             be
             paid
             in
             Bills
             ,
             half
             upon
             the
             
               Bank
               of
               England
            
             ,
             and
             half
             upon
             the
             
               Million
               Bank.
            
             Therefore
             all
             those
             Mint-Bankers
             ,
             or
             Changers
             ,
             shall
             give
             to
             the
             King
             Security
             of
             Ten
             Thousand
             Pounds
             each
             ,
             and
             each
             of
             them
             may
             draw
             at
             two
             days
             Sight
             upon
             the
             General
             Register-keeper
             ▪
             payable
             in
             the
             
             Banks
             ,
             as
             far
             as
             the
             said
             Sum
             of
             Ten
             Thousand
             Pounds
             ,
             and
             no
             more
             .
          
           
             The
             Banks
             are
             to
             be
             paid
             every
             Month
             ,
             more
             or
             less
             ,
             as
             the
             new
             Coin
             shall
             be
             made
             ;
             so
             that
             they
             shall
             not
             advance
             more
             at
             one
             time
             than
             130000l
             .
             and
             the
             Interest
             thereof
             shall
             be
             paid
             after
             the
             Rate
             of
             Three
             
               per
               Cent
               per
               Annum
            
             .
          
           
             And
             in
             Consideration
             of
             that
             Advance
             ,
             when
             the
             Banks
             shall
             carry
             their
             old
             Mony
             to
             be
             exchanged
             ,
             they
             shall
             have
             the
             benefit
             of
             the
             Coinage
             weight
             for
             weight
             ;
             but
             they
             shall
             tarry
             Three
             Months
             to
             receive
             their
             Payments
             in
             new
             Mony
             ,
             without
             any
             allowance
             of
             Interest
             .
          
           
             Lastly
             ,
             It
             is
             to
             be
             considered
             by
             the
             Parliament
             ,
             that
             if
             His
             Majesty
             by
             a
             special
             Love
             to
             his
             Subjects
             ,
             will
             take
             upon
             him
             such
             a
             good
             Thing
             for
             the
             Nation
             ;
             He
             shall
             be
             at
             extraordinary
             great
             Charges
             for
             two
             or
             three
             Years
             together
             .
             Therefore
             in
             Consideration
             ,
             that
             His
             Majesty
             shall
             make
             good
             the
             
             Loss
             of
             the
             old
             Coin
             ,
             from
             15
             Penny-weight
             to
             10
             dw
             .
             for
             Three-pence
             for
             every
             Penny-weight
             ,
             which
             will
             cost
             him
             more
             ,
             and
             also
             Pay
             a
             great
             many
             new
             Officers
             ,
             that
             shall
             be
             employed
             for
             that
             purpose
             ;
             besides
             the
             Sixteen-pence
             Half-penny
             that
             he
             pays
             for
             the
             Coinage
             of
             every
             Pound
             Weight
             of
             Silver
             ,
             to
             which
             Expences
             the
             Act
             for
             Coinage
             ,
             nor
             any
             other
             Benefit
             arising
             by
             this
             Project
             ,
             can
             suffice
             .
             'T
             is
             Necessary
             ,
             that
             the
             Parliament
             should
             allow
             Fifty
             Thousand
             Pounds
             a
             Year
             ,
             for
             Three
             Years
             only
             ;
             and
             a
             Register
             shall
             be
             kept
             at
             the
             Tower
             ,
             wherein
             all
             the
             extraordinary
             Charges
             shall
             be
             entred
             ,
             and
             the
             Parliament
             is
             to
             Promise
             to
             make
             the
             Loss
             good
             ,
             in
             case
             it
             shall
             appear
             by
             the
             said
             Register
             ,
             that
             the
             King
             is
             a
             Looser
             .
          
        
         
           
           
             Some
             Observations
             upon
             a
             Project
             ,
             Presented
             on
             the
             4th
             of
             January
             1694
             /
             5
             ,
             to
             the
             Right
             Honourable
             the
             Lords
             of
             the
             Treasury
             ,
             by
             L.
             G.
             
          
           
             1.
             
             THose
             who
             will
             be
             at
             the
             pains
             to
             peruse
             my
             Project
             with
             any
             Attention
             ,
             will
             easily
             perceive
             that
             I
             propose
             ,
             1.
             
             To
             Melt
             down
             all
             the
             Silver
             Coins
             of
             England
             :
             2.
             
             To
             make
             new
             Milled
             Mony
             :
             3.
             
             To
             have
             the
             said
             new
             Milled
             Mony
             of
             the
             same
             Standard
             as
             the
             former
             ,
             viz.
             11
             Ounces
             2
             dw
             .
             Fine
             ,
             and
             18
             dw
             .
             Allay
             :
             4.
             
             To
             have
             the
             new
             Milled
             Mony
             of
             the
             same
             Weight
             at
             least
             ,
             as
             the
             now
             Milled
             Mony
             is
             ,
             viz.
             The
             Crown
             of
             19
             dw
             .
             254833
             /
             1000000
             parts
             ,
             or
             19
             dw
             .
             8
             gr
             .
             and
             a
             half
             a
             little
             more
             ;
             and
             the
             Pound
             Weight
             ,
             or
             12
             Ounces
             of
             Silver
             Standard
             to
             be
             cut
             in
             62
             Shillings
             ,
             124
             Six-pences
             ,
             186
             Four-penny
             Pieces
             ,
             372
             Two-penny
             Pieces
             ,
             and
             744
             One-penny
             
             Pieces
             ,
             if
             thought
             fit
             to
             make
             such
             small
             Silver
             Pieces
             ,
             which
             ,
             in
             my
             opinion
             ,
             it
             is
             better
             to
             defer
             ,
             till
             the
             Nation
             be
             supplied
             with
             a
             reasonable
             quantity
             of
             new
             Crowns
             ,
             Half-Crowns
             ,
             Shillings
             and
             Six-pences
             :
             5.
             
             That
             the
             loss
             of
             the
             Owners
             of
             the
             Mony
             shall
             be
             very
             inconsiderable
             :
             6.
             
             That
             they
             shall
             bring
             in
             their
             Mony
             very
             willingly
             to
             be
             new
             Coined
             ,
             and
             7.
             
             That
             the
             Diminution
             of
             the
             Numerical
             Quantity
             of
             the
             old
             Species
             ,
             will
             be
             more
             than
             supplied
             .
             I
             don't
             question
             in
             the
             least
             ,
             but
             that
             my
             Project
             will
             seem
             at
             first
             to
             be
             impracticable
             ,
             but
             ,
             I
             hope
             ,
             it
             will
             appear
             very
             possible
             ,
             if
             carefully
             examined
             ,
             and
             especially
             with
             the
             few
             Remarks
             here
             set
             down
             .
          
           
             2.
             
             I
             see
             so
             many
             People
             who
             declare
             against
             the
             Raising
             of
             our
             Coin
             ;
             that
             ,
             I
             think
             ,
             it
             is
             necessary
             first
             of
             all
             to
             acquaint
             them
             with
             the
             Reasons
             I
             have
             to
             demand
             ,
             that
             the
             new
             Crowns
             should
             be
             Current
             for
             Two
             Years
             at
             6
             s.
             and
             
             8
             d.
             I
             have
             laid
             down
             as
             an
             Axiom
             ,
             at
             the
             beginning
             of
             this
             Writing
             ;
             that
             the
             Denomination
             of
             the
             Species
             of
             Gold
             or
             Silver
             ,
             do
             not
             change
             their
             Intrinsick
             Value
             ;
             and
             that
             therefore
             the
             Nation
             is
             neither
             the
             richer
             nor
             poorer
             ,
             by
             raising
             or
             lowering
             the
             Coin
             ,
             I
             propose
             then
             to
             raise
             the
             Crown
             Pieces
             to
             
               6s
               .
               8d
            
             .
             for
             Two
             Years
             ,
             for
             the
             following
             Reasons
             ;
             1.
             
             To
             make
             the
             Loss
             that
             will
             arrise
             by
             Clipt
             and
             Brass
             Mony
             less
             sensible
             to
             the
             Owners
             thereof
             :
             2.
             
             That
             Guineas
             may
             fall
             by
             degrees
             from
             the
             extravagant
             Price
             they
             have
             been
             raised
             to
             ;
             for
             if
             they
             should
             fall
             at
             once
             from
             30
             s.
             to
             21
             
               s.
               6
               d.
            
             as
             they
             must
             do
             whenever
             we
             have
             good
             Silver
             Mony
             ,
             and
             its
             Price
             fixed
             at
             5
             s.
             an
             Ounce
             ,
             it
             would
             be
             a
             great
             Loss
             to
             many
             Tradesmen
             and
             other
             People
             ,
             because
             for
             this
             Twelve-Month
             past
             we
             have
             seen
             hardly
             any
             other
             Mony
             but
             Guineas
             :
             3.
             
             Because
             People
             are
             already
             disposed
             to
             it
             ;
             and
             had
             it
             not
             been
             for
             an
             Act
             of
             Parliament
             ,
             they
             would
             have
             certainly
             
             raised
             the
             Milled
             Crowns
             thereabout
             to
             that
             price
             ,
             proportionably
             to
             the
             price
             of
             Gold
             :
             4.
             
             I
             have
             fixed
             it
             to
             6
             
               s.
               8
               d.
            
             rather
             than
             to
             6
             
               s.
               6
               d.
            
             without
             any
             other
             Mystery
             ,
             but
             because
             that
             price
             is
             devisible
             by
             equal
             quantities
             of
             Pence
             ,
             Farthings
             ,
             and
             accommodated
             to
             the
             present
             denominations
             of
             Crowns
             ,
             Shillings
             ,
             &c.
             and
             also
             to
             the
             Species
             of
             Gold.
             
          
           
             3.
             
             As
             to
             the
             First
             Article
             of
             my
             Project
             ,
             wherein
             ,
             I
             say
             ,
             there
             is
             about
             one
             third
             part
             of
             our
             Coin
             lost
             by
             Clipping
             .
             I
             know
             that
             some
             Ingenious
             Men
             are
             of
             another
             opinion
             ,
             and
             that
             they
             pretend
             that
             there
             is
             abundance
             of
             old
             Mony
             unclipt
             hoarded
             up
             ;
             I
             wish
             it
             may
             prove
             so
             ,
             but
             that
             is
             so
             far
             from
             being
             an
             Objection
             to
             my
             Project
             ,
             that
             it
             makes
             it
             more
             easy
             .
             I
             own
             ,
             I
             have
             supposed
             the
             thing
             at
             the
             worst
             ,
             but
             a
             Table
             hereunto
             annexed
             ,
             will
             make
             it
             more
             plain
             ,
             and
             therein
             I
             have
             calculated
             how
             many
             Ounces
             of
             Silver
             we
             
             want
             to
             make
             good
             the
             Loss
             .
             When
             I
             Presented
             my
             Project
             to
             the
             Lords
             of
             the
             Treasury
             ,
             I
             supposed
             there
             was
             but
             Four
             Millions
             and
             a
             half
             of
             Silver
             Mony
             in
             England
             ,
             but
             upon
             better
             Information
             I
             have
             thought
             I
             might
             suppose
             Five
             .
          
           
             4.
             
             I
             demand
             two
             Years
             time
             to
             melt
             down
             all
             the
             old
             Silver
             Coin
             of
             England
             ,
             and
             to
             make
             the
             new
             ,
             for
             the
             following
             Reasons
             ,
             1.
             
             Because
             it
             is
             difficult
             to
             have
             Mints
             enough
             to
             do
             it
             in
             a
             shorter
             time
             ,
             2.
             
             Supposing
             there
             should
             be
             Mints
             enough
             ,
             yet
             it
             would
             be
             necessary
             to
             allow
             two
             Years
             time
             ,
             for
             if
             there
             was
             but
             one
             allowed
             ,
             the
             price
             of
             Silver
             ,
             which
             must
             fall
             gradually
             ,
             should
             fall
             too
             suddenly
             ,
             viz.
             every
             Six
             Months
             ;
             and
             so
             the
             Inhabitants
             of
             the
             remotest
             Counties
             from
             London
             should
             hardly
             have
             time
             enough
             to
             be
             acquainted
             with
             it
             :
             3.
             
             I
             grant
             that
             there
             is
             no
             time
             to
             be
             lost
             in
             this
             Affair
             ,
             but
             too
             great
             a
             Precipitation
             may
             be
             
             liable
             to
             as
             great
             Inconvenience
             ,
             as
             a
             Delay
             ;
             and
             after
             all
             ,
             People
             must
             have
             time
             to
             carry
             their
             old
             Mony
             to
             the
             Mint
             ,
             and
             the
             Mint
             must
             have
             time
             to
             Coin
             it
             .
             It
             will
             be
             well
             enough
             ,
             if
             we
             are
             in
             the
             mean
             time
             supplied
             with
             new
             Coin
             for
             Sums
             not
             exceeding
             10
             l.
             and
             Bills
             upon
             the
             Banks
             for
             greater
             ones
             by
             the
             Changers
             ,
             as
             it
             is
             in
             my
             Proposal
             ,
             for
             this
             answers
             all
             our
             wants
             ,
          
           
             5.
             
             It
             is
             just
             ,
             and
             more
             convenient
             ,
             that
             the
             Mint
             should
             take
             the
             old
             Coin
             rather
             by
             Weight
             ,
             than
             by
             any
             other
             way
             ;
             and
             it
             will
             be
             a
             greater
             Satisfaction
             for
             the
             King
             and
             the
             Nation
             ,
             that
             in
             the
             Books
             appointed
             for
             that
             purpose
             at
             the
             Mint
             ,
             or
             in
             the
             hands
             of
             the
             Changers
             ;
             there
             should
             be
             several
             Columns
             ,
             whereof
             one
             should
             be
             for
             the
             Weight
             ,
             and
             the
             others
             for
             the
             old
             Estimation
             in
             Pounds
             ,
             Shillings
             and
             Pence
             .
          
           
           
             6.
             
             It
             is
             proposed
             ,
             that
             the
             old
             Mony
             be
             taken
             in
             Current
             Payments
             at
             a
             certain
             Rate
             ,
             the
             better
             to
             carry
             on
             our
             Trade
             till
             we
             have
             new
             Mony
             enough
             .
          
           
             7.
             
             I
             suppose
             the
             new
             Crown
             to
             weigh
             a
             full
             Ounce
             ,
             though
             I
             know
             it
             does
             weigh
             only
             19
             dw
             .
             8
             gr
             .
             and
             a
             half
             ,
             which
             makes
             an
             Allowance
             of
             about
             3
             and
             one
             third
             
               per
               Cent
            
             ,
             for
             the
             Melting
             and
             the
             Stamp
             ;
             so
             that
             if
             a
             Pound
             Weight
             of
             Silver
             Standard
             ,
             valued
             at
             Three
             Pound
             is
             cut
             ,
             as
             it
             is
             usual
             in
             62
             Shillings
             ,
             a
             Pound
             and
             eight
             Ounces
             of
             Silver
             ,
             which
             will
             cost
             but
             5
             l.
             will
             make
             103
             Shillings
             and
             Four-pence
             in
             Number
             ,
             though
             they
             be
             but
             of
             the
             same
             weight
             .
             I
             say
             ,
             that
             an
             old
             Crown
             weighing
             15
             dw
             .
             is
             to
             be
             Current
             ,
             and
             taken
             at
             the
             Mint
             for
             Five
             Shillings
             ,
             which
             is
             a
             necessary
             Consequence
             from
             what
             I
             said
             at
             first
             concerning
             the
             Price
             of
             Silver
             ,
             for
             if
             a
             new
             Crown
             weighing
             an
             Ounce
             is
             worth
             6
             
               s.
               8
               d.
            
             an
             old
             
             Crown
             of
             Silver
             Standard
             of
             15
             dw
             .
             must
             by
             the
             same
             reason
             be
             worth
             5
             s.
             
          
           
             8.
             
             Silver
             is
             the
             Center
             of
             Trade
             ,
             and
             all
             things
             in
             the
             World
             ,
             either
             Lands
             ,
             Houses
             ,
             Goods
             ,
             Diamonds
             ,
             and
             other
             Commodities
             ,
             are
             but
             its
             Circumference
             ;
             so
             that
             if
             the
             price
             of
             Silver
             is
             not
             fixed
             ,
             't
             is
             impossible
             to
             make
             a
             just
             Estimation
             of
             Commodities
             ,
             as
             it
             is
             impossible
             to
             say
             how
             far
             the
             Circumference
             is
             from
             the
             Center
             ,
             if
             the
             Center
             be
             not
             fixed
             .
          
           
             'T
             is
             then
             highly
             necessary
             to
             fix
             the
             price
             of
             Silver
             in
             
               Quantity
               ,
               Quality
            
             ,
             and
             Estimation
             ,
             either
             Coined
             or
             not
             Coined
             .
             The
             price
             of
             Quantity
             of
             Silver
             not
             Coined
             ,
             is
             fixed
             in
             England
             by
             the
             Weight
             of
             a
             Pound
             containing
             12
             Ounces
             Troy
             ,
             the
             Ounce
             of
             20
             
               dw
               .
            
             ,
             and
             the
             dw
             .
             of
             24
             gr
             .
          
           
             The
             price
             of
             Quantity
             of
             Silver
             Coined
             ,
             is
             fixed
             from
             a
             number
             of
             Pieces
             that
             the
             King
             orders
             to
             be
             cut
             from
             a
             
             Pound
             Weight
             of
             Silver
             ,
             as
             12
             Crowns
             ,
             62
             Shillings
             ,
             &c.
             
          
           
             The
             price
             of
             Quality
             of
             Silver
             not
             Coined
             ,
             is
             fixed
             by
             the
             Assay
             that
             is
             made
             to
             know
             whether
             it
             is
             better
             or
             worse
             than
             Standard
             .
          
           
             And
             of
             Silver
             Coined
             ,
             by
             the
             Standard
             of
             the
             same
             ,
             which
             is
             11
             Ounces
             2
             dw
             .
             Fine
             ,
             18
             dw
             .
             Allay
             .
          
           
             The
             price
             of
             Estimation
             of
             Silver
             Coined
             ,
             is
             fixed
             by
             Publick
             Authority
             ,
             being
             ordered
             that
             a
             Crown
             Piece
             weighing
             19
             
               dw
               .
               8
               gr
               .
               ½
            
             be
             esteemed
             Five
             Shillings
             ,
             &c.
             
          
           
             But
             the
             price
             of
             Estimation
             of
             Silver
             not
             Coined
             ,
             is
             not
             fixed
             in
             England
             ,
             and
             I
             think
             ,
             it
             is
             absolutely
             necessary
             to
             fix
             it
             .
          
           
             As
             to
             the
             Price
             of
             Quantity
             and
             Quality
             of
             Silver
             ,
             I
             believe
             it
             would
             be
             very
             difficult
             ,
             if
             not
             impossible
             ,
             to
             fix
             it
             in
             a
             better
             way
             ,
             than
             it
             is
             now
             ,
             and
             besides
             the
             least
             Alteration
             in
             this
             Case
             would
             be
             liable
             to
             many
             Inconveniences
             ,
             
             but
             as
             to
             the
             Price
             of
             Estimation
             of
             Silver
             not
             Coined
             ,
             I
             see
             no
             reason
             why
             it
             should
             it
             be
             Arbitrary
             rather
             than
             the
             Estimation
             of
             Silver
             Coined
             ,
             and
             if
             it
             be
             prohibited
             to
             sell
             a
             Crown
             (
             weighing
             19
             
               dw
               .
               8
               gr
            
             .
             that
             is
             to
             say
             ,
             within
             a
             small
             matter
             of
             an
             Ounce
             )
             above
             Five
             Shillings
             ;
             I
             would
             fain
             know
             why
             an
             Ounce
             of
             Silver
             not
             Coined
             of
             the
             same
             Standard
             as
             the
             Crown
             ,
             should
             be
             sold
             for
             Six
             Shillings
             and
             Six-pence
             ?
             As
             long
             as
             the
             thing
             continues
             so
             ,
             there
             is
             no
             doubt
             but
             the
             Goldsmiths
             will
             melt
             down
             all
             the
             Milled
             Mony
             that
             falls
             into
             their
             hands
             ,
             for
             the
             Profit
             is
             clear
             .
             But
             if
             the
             Price
             of
             Estimation
             of
             Silver
             not
             Coined
             is
             once
             fixed
             ,
             and
             that
             it
             be
             prohibited
             to
             sell
             or
             buy
             above
             the
             Price
             set
             upon
             it
             by
             Law
             ,
             (
             they
             may
             sell
             it
             under
             if
             they
             please
             )
             and
             that
             the
             Estimation
             of
             the
             Silver
             Coined
             be
             proportionable
             to
             it
             ,
             which
             are
             inconsiderable
             difference
             for
             the
             Stamp
             of
             3
             ¼
             or
             3
             ⅓
             
               per
               Cent.
            
             as
             it
             is
             now
             ,
             we
             
             need
             not
             fear
             that
             our
             Coin
             will
             be
             melted
             down
             ;
             no
             Body
             shall
             have
             the
             least
             Temptation
             towards
             it
             ,
             and
             the
             Reason
             is
             very
             plain
             ,
             for
             Silver
             in
             Ingot
             will
             be
             then
             as
             cheap
             and
             cheaper
             ,
             as
             the
             Silver
             Coined
             ,
             of
             3⅓
             
               per
               Cent.
            
             
          
           
             This
             is
             enough
             to
             shew
             how
             necessary
             it
             is
             to
             fix
             the
             Price
             of
             the
             Ounce
             of
             Silver
             ,
             but
             I
             must
             remove
             an
             Objection
             that
             Clippers
             and
             others
             concern'd
             with
             them
             ,
             are
             like
             to
             make
             in
             name
             of
             Merchants
             that
             Trade
             in
             Gold
             and
             Silver
             ,
             viz.
             That
             if
             the
             price
             of
             Silver
             is
             lower
             in
             England
             than
             in
             other
             Countries
             ,
             no
             body
             will
             Import
             Bullion
             ,
             but
             rather
             will
             Export
             all
             the
             Coin
             they
             Can.
             This
             may
             appear
             specious
             to
             those
             who
             have
             not
             well
             considered
             that
             the
             price
             of
             all
             Commodities
             both
             of
             our
             own
             and
             Foreign
             Countries
             is
             always
             proportionable
             to
             the
             Intrinsick
             Value
             of
             Silver
             ,
             and
             not
             to
             the
             Denomination
             of
             the
             Species
             of
             the
             
             same
             ,
             and
             so
             Foreigners
             will
             then
             Barter
             their
             Silver
             with
             us
             ,
             for
             our
             Commodities
             ,
             as
             much
             as
             they
             did
             before
             ,
             with
             this
             only
             difference
             ,
             that
             the
             Estimation
             of
             Commodities
             ,
             and
             the
             Estimation
             of
             Silver
             will
             be
             low
             ,
             then
             more
             proportionable
             ,
             more
             just
             ,
             and
             more
             certain
             .
             It
             is
             not
             to
             be
             wondered
             why
             Bankers
             ,
             Goldsmiths
             ,
             Refiners
             and
             the
             like
             ,
             should
             make
             their
             Endeavours
             to
             hinder
             the
             settling
             of
             the
             price
             of
             Silver
             Standard
             ,
             every
             body
             knows
             that
             this
             is
             against
             their
             private
             Interest
             ,
             for
             they
             are
             a
             sort
             of
             People
             who
             enrich
             themselves
             to
             the
             cost
             of
             the
             Nation
             .
          
           
             I
             humbly
             conceive
             that
             it
             is
             absolutely
             Necessary
             to
             fix
             the
             price
             of
             the
             Ounce
             of
             Silver
             ▪
             Standard
             at
             Five
             Shillings
             ,
             for
             there
             is
             no
             other
             way
             to
             prevent
             the
             Melting
             down
             of
             our
             Coin
             ;
             but
             for
             the
             Reasons
             contained
             in
             my
             first
             Proposal
             ,
             
             and
             in
             these
             Additions
             ,
             I
             thought
             ,
             it
             was
             Necessary
             to
             raise
             now
             our
             Coin
             ,
             viz.
             The
             Crown
             Piece
             to
             Six-Shillings
             and
             Eight-pence
             ,
             to
             reduce
             it
             afterwards
             by
             degrees
             to
             Five
             Shillings
             ,
             which
             must
             be
             after
             Two
             Years
             ,
             viz.
             from
             the
             25th
             of
             
               March
               1696
            
             ,
             to
             the
             25th
             of
             March
             1698
             ,
             that
             the
             same
             Price
             shall
             be
             fixed
             for
             a
             Crown
             Piece
             ,
             and
             an
             Ounce
             of
             Silver
             .
             It
             would
             be
             very
             necessary
             also
             to
             fix
             the
             Price
             of
             Gold
             ,
             so
             that
             it
             may
             never
             exceed
             Sixteen
             times
             the
             Value
             of
             Silver
             ,
             Weight
             for
             Weight
             .
          
           
             I
             own
             ,
             that
             there
             is
             a
             considerable
             Objection
             against
             the
             raising
             and
             lowering
             of
             our
             Coin
             ,
             and
             which
             it
             is
             impossible
             to
             avoid
             in
             any
             Country
             in
             the
             World
             ,
             and
             this
             concerns
             the
             Leases
             of
             Estates
             ,
             that
             are
             made
             for
             a
             long
             time
             ,
             for
             in
             this
             Case
             the
             Land-lord
             must
             lose
             or
             get
             considerably
             ;
             However
             ,
             as
             I
             demand
             
             but
             Two
             Years
             Time
             ,
             I
             think
             ,
             no
             body
             will
             grumble
             at
             it
             ,
             especially
             if
             a
             Man
             considers
             how
             much
             he
             loses
             every
             Day
             ,
             and
             the
             trouble
             he
             is
             perpetually
             put
             to
             ,
             by
             reason
             of
             the
             Badness
             of
             our
             Coin.
             
          
        
         
           
           
             A
             COMPUTATION
             ,
             by
             which
             it
             appeareth
             ,
             that
             the
             Silver
             Coin
             of
             England
             being
             Rated
             to
             be
             Five
             Millions
             ,
             is
             probably
             Clipt
             one
             with
             another
             of
             33
             ⅓
             per
             Cent.
             and
             upon
             the
             whole
             ,
             by
             Mr.
             Gervaize's
             Method
             ,
             the
             King
             shall
             lose
             150000
             l.
             or
             3
             per
             Cent
             ,
             whereof
             75000
             l.
             or
             1
             ½
             per
             Cent.
             is
             to
             be
             deducted
             ,
             (
             by
             the
             difference
             of
             2
             or
             3
             per
             Cent.
             that
             the
             New
             Coin
             shall
             be
             more
             in
             Quantity
             than
             Weight
             )
             .
             And
             the
             Owners
             of
             the
             Coin
             shall
             lose
             650000
             l.
             or
             13
             per
             Cent.
             Whereof
             one
             per
             Cent.
             is
             to
             be
             deducted
             by
             the
             Difference
             as
             above
             ,
             viz.
             
          
           
             
               
                 
                   ⅓
                   Part
                   of
                   the
                   Crowns
                   -
                   
                     l.
                     Crowns
                  
                   .
                   1000000
                   or
                   4000000
                   At
                   4
                   d.
                   ½
                   profit
                   to
                   the
                   King
                   is
                   175000
                   l.
                   At
                   1
                   d.
                   ½
                   profit
                   to
                   the
                   Owners
                   025000
                   l.
                   
                
                 
                   Is
                   Clipt
                   from
                   19
                   dw
                   .
                   to
                   16
                   dw
                   .
                   reduced
                   together
                   to
                   the
                   Weight
                   of
                   17
                   dw
                   .
                   12
                   gr
                   .
                   at
                   3
                   d.
                   1
                   /
                   8
                   per
                   dw
                   .
                   54
                   d.
                   11
                   /
                   16.
                   
                   One
                   Crown
                   at
                   54
                   d.
                   11
                   /
                   16
                
                 
                   
                     Worth.
                     Weight
                  
                   .
                   Pences
                   ,
                   Dw.
                   Gr.
                   54
                   —
                   11
                   /
                   16
                   —
                   17
                   —
                   12
                
              
               
                 
                   ⅓
                   Part
                   —
                   
                     l.
                     Crowns
                  
                   .
                   1000000
                   or
                   4000000
                   Even
                   without
                   profit
                   nor
                   loss
                   .
                
                 
                   From
                   16
                   dw
                   .
                   to
                   14
                   dw
                   .
                   reduced
                   to
                   15
                   dw
                   .
                   worth
                   46
                   d.
                   14
                   /
                   16
                   One
                   Crown
                   at
                   46
                   d.
                   14
                   /
                   16.
                   
                
                 
                   46
                   —
                   14
                   /
                   16
                   —
                   15
                   —
                   00
                
              
               
                 
                   ⅔
                   Parts
                   —
                   
                     l.
                     Crowns
                  
                   .
                   2000000
                   or
                   8000000
                   At
                   3
                   d.
                   loss
                   to
                   the
                   King
                   is
                   100000
                   l.
                   At
                   9
                   d.
                   loss
                   to
                   the
                   Owners
                   is
                   300000
                   l.
                   
                
                 
                   From
                   14
                   dw
                   .
                   to
                   10
                   dw
                   .
                   reduced
                   to
                   12
                   dw
                   .
                   worth
                   37
                   d.
                   ½
                   Two
                   Crowns
                   at
                   37
                   d.
                   ½
                   .
                
                 
                   75
                   —
                   24
                   —
                   00
                
              
               
                 
                   ⅓
                   Part
                   —
                   
                     l.
                     Crowns
                  
                   .
                   1000000
                   or
                   4000000
                   At
                   7
                   d.
                   ½
                   loss
                   to
                   the
                   King
                   is
                   125000
                   l.
                   At
                   22
                   d.
                   ½
                   loss
                   the
                   Nation
                   is
                   375000
                   l.
                   
                
                 
                   From
                   10
                   dw
                   .
                   to
                   5
                   dw
                   .
                   reduced
                   to
                   7
                   dw
                   .
                   12
                   gr
                   .
                   worth
                   23
                   d.
                   7
                   /
                   16.
                   
                   One
                   Crown
                   at
                   23
                   d.
                   7
                   /
                   16.
                   
                
                 
                   23
                   —
                   7
                   /
                   16
                   —
                   07
                   —
                   12
                
              
            
          
           
             
               
                 
                   Pences
                   .
                
                 
                   200
                   —
                   00
                   —
                   64
                   —
                   00
                
              
               
                 
                   The
                   Fifth
                   Part
                   is
                   —
                
                 
                   —
                   40
                   —
                   00
                   —
                   12
                   —
                   19
                
              
               
                 
                   And
                   so
                   the
                   Crown
                   that
                   ought
                   to
                   Weigh
                   19
                   dw
                   .
                   8
                   gr
                   .
                   and
                   to
                   be
                   worth
                   60
                   d.
                   is
                   reduced
                   to
                   12
                   dw
                   .
                   19
                   gr
                   .
                   4
                   mit
                   .
                   and
                   is
                   worth
                   40
                   d.
                   which
                   is
                   33
                   ⅓
                   
                     per
                     Cent.
                  
                   Loss
                   .
                
              
               
               
                 
                   The
                   King's
                   Loss
                   of
                   one
                   part
                   .
                   —
                
                 
                   100000
                   l.
                   
                
              
               
                 
                   Ditto
                   of
                   another
                   part
                   .
                   —
                
                 
                   125000
                   l.
                   
                
              
               
                 
                    
                
                 
                   225000
                   l.
                   
                
              
               
                 
                   The
                   King's
                   Profit
                   deducted
                   on
                   the
                   other
                   side
                   .
                
                 
                   75000
                   l.
                   
                
              
               
                 
                   It
                   remains
                   of
                   Loss
                   to
                   the
                   King
                   ▪
                   —
                
                 
                   150000
                   l.
                   
                
              
               
                 
                   The
                   King's
                   Profit
                   upon
                   the
                   Benefits
                   of
                   2
                   or
                   3
                   
                     per
                     Cent.
                  
                   for
                   the
                   Quantity
                   of
                   Pieces
                   more
                   than
                   Weight
                   ,
                   after
                   the
                   Rate
                   of
                   1
                   ½
                   
                     per
                     Cent.
                  
                   upon
                   the
                   whole
                   .
                   —
                
                 
                   75000
                   l.
                   
                
              
               
                 
                   And
                   so
                   the
                   King
                   's
                   neat
                   Loss
                   is
                   ,
                   or
                   1½
                   
                     per
                     Cent.
                  
                   
                
                 
                   75000
                   l.
                   
                
              
               
                 
                   The
                   Owner's
                   Loss
                   of
                   one
                   Part
                   —
                
                 
                   300000
                   l.
                   
                
              
               
                 
                   Ditto
                   .
                   —
                
                 
                   375000
                   l.
                   
                
              
               
                 
                    
                
                 
                   675000
                   l.
                   
                
              
               
                 
                   The
                   Owner's
                   Profit
                   deducted
                   .
                   —
                
                 
                   25000
                   l.
                   
                
              
               
                 
                   Rest
                   Loss
                   to
                   the
                   Owners
                   .
                   —
                
                 
                   650000
                   l.
                   
                
              
               
                 
                   The
                   Owner's
                   Benefit
                   of
                   1
                   
                     per
                     Cent.
                  
                   upon
                   the
                   quantity
                   of
                   Pieces
                   .
                
                 
                   50000
                   l.
                   
                
              
               
                 
                   And
                   so
                   the
                   Owner's
                   Loss
                   is
                   ,
                   —
                   or
                   12
                   
                     per
                     Cent.
                  
                   
                
                 
                   600000
                   l.
                   
                
              
            
          
        
         
           
           
             A
             Table
             to
             shew
             how
             to
             reduee
             Gradually
             the
             Price
             of
             the
             Ounce
             Troy
             of
             Silver
             standard
             to
             its
             ancient
             Price
             of
             Five
             Shillings
             ,
             the
             same
             having
             first
             been
             raised
             to
             6
             s.
             8
             d.
             according
             to
             the
             proposal
             heretofore
             ,
             with
             this
             only
             difference
             that
             the
             Crown
             peice
             of
             Silver
             (
             though
             it
             weighs
             ,
             but
             19
             dw
             .
             8
             gr
             .
             ½
             )
             shall
             be
             Current
             for
             5
             s.
             and
             be
             esteemed
             for
             an
             Ounce
             of
             Silver
             ,
             and
             so
             the
             Silver
             shall
             have
             3
             ⅓
             per
             Cent
             benefit
             by
             the
             Coynage
             .
          
           
             
               
                 
                   Space
                   of
                   2
                   years
                   to
                   make
                   all
                   the
                   Silver
                   Coin
                   new
                   .
                
                 
                   Price
                   of
                   the
                   Ounce
                   of
                   Silver
                   .
                
                 
                   Weight
                   of
                   Crowns
                   ,
                   Half-Crowns
                   ,
                   &c.
                   
                
                 
                   Price
                   of
                   Ditto
                   Crowns
                   ,
                   &c.
                   
                
              
               
                 
                   From
                   March
                   25.
                   1696
                   ,
                   to
                   
                     September
                     25.
                     1696.
                  
                   
                
                 
                   6
                   
                     s.
                     8
                     d.
                  
                   
                
                 
                   —
                   
                     Dw.
                     gr
                  
                   .
                   Cr.
                   19.
                   
                   8½
                   ½
                   C.
                   9.
                   20
                   
                   ¼
                   Sh.
                   3.
                   20
                   
                   6Pc
                   .
                   1.
                   22
                   
                   3Pc
                   .
                   1.
                   23
                   ¼
                
                 
                   
                     l.
                     s.
                     d.
                  
                   —
                   6
                   —
                   8
                   —
                   —
                   3
                   —
                   4
                   —
                   —
                   1
                   —
                   4
                   —
                   —
                   0
                   —
                   8
                   —
                   —
                   0
                   —
                   4
                   —
                
              
               
                 
                   From
                   Septem
                   .
                   25.
                   1696
                   ,
                   to
                   
                     March
                     25.
                     1697.
                  
                   
                
                 
                   6
                   
                     s.
                     3
                     d.
                  
                   
                
                 
                   —
                   
                     Dw
                     ,
                     gr
                  
                   .
                   Crown
                   ,
                   —
                   Half-Cro
                   .
                   -Shill
                   .
                   —
                   6
                   Pence
                   —
                   3
                   Pence
                   .
                   —
                
                 
                   
                     l.
                     s.
                     d.
                  
                   —
                   6
                   —
                   3
                   —
                   —
                   3
                   —
                   1
                   ½
                   —
                   1
                   —
                   3
                   —
                   —
                   0
                   —
                   7
                   ½
                   —
                   0
                   —
                   3
                   ¾
                
              
               
                 
                   From
                   March
                   25.
                   1697.
                   to
                   September
                   25.
                   1697.
                   
                
                 
                   5
                   
                     s.
                     10
                     l.
                  
                   
                
                 
                   —
                   
                     Dw.
                     gr
                  
                   .
                   Crown
                   ,
                   —
                   Half-Cro
                   .
                   -Shill
                   .
                   —
                   6
                   Pence
                   .
                   —
                   3
                   Pence
                   .
                   —
                
                 
                   
                     s.
                     d.
                  
                   —
                   5
                   —
                   10
                   —
                   2
                   —
                   11
                   —
                   1
                   —
                   2
                   —
                   —
                   0
                   —
                   7
                   —
                   —
                   0
                   —
                   3
                   ½
                
              
               
                 
                   From
                   Septem
                   .
                   25.
                   1697
                   ,
                   to
                   
                     March
                     25.
                     1698.
                  
                   
                
                 
                   5
                   
                     s.
                     5
                     d.
                  
                   
                
                 
                   —
                   
                     Dw.
                     gr
                  
                   .
                   Crown
                   ,
                   —
                   Half-Cro
                   .
                   -Shill
                   .
                   —
                   6
                   Pence
                   .
                   —
                   3
                   Pence
                   .
                   —
                
                 
                   
                     s.
                     d.
                  
                   —
                   5
                   —
                   5
                   —
                   —
                   2
                   —
                   8
                   ½
                   —
                   1
                   —
                   1
                   —
                   —
                   0
                   —
                   6
                   ½
                   —
                   0
                   —
                   3
                   ¼
                
              
               
                 
                   From
                   March
                   25.
                   1698
                   ,
                   and
                   thenceforth
                   .
                
                 
                   5
                   s.
                   
                
                 
                   —
                   
                     Dw.
                     gr
                  
                   .
                   Crown
                   ,
                   —
                   Half-Cro
                   .
                   -Shill
                   .
                   —
                   6
                   Pence
                   .
                   —
                   3
                   Pence
                   .
                   —
                
                 
                   
                     s.
                     d.
                  
                   —
                   5
                   —
                   0
                   —
                   —
                   2
                   —
                   6
                   —
                   —
                   1
                   —
                   0
                   —
                   —
                   0
                   —
                   6
                   —
                   —
                   0
                   —
                   3
                   —
                
              
            
          
        
         
           
           
             A
             Table
             to
             Reduce
             gradually
             the
             Price
             of
             the
             Ounce
             Troy
             of
             Gold
             Standard
             to
             4
             l.
             an
             Ounce
             .
             being
             esteemed
             Sixteen
             times
             the
             value
             of
             Silver
             Weight
             for
             Weight
             )
             the
             same
             having
             first
             been
             raised
             to
             5
             l.
             6
             s.
             8
             d.
             which
             is
             the
             proportion
             of
             Silver
             to
             6
             s.
             8
             d.
             an
             Ounce
             ,
             the
             Gold
             Standard
             Coined
             or
             not
             Coined
             esteemed
             a
             like
             ,
             by
             reason
             that
             Gold
             esteemed
             16
             times
             the
             value
             of
             Silver
             Weight
             for
             Weights
             ,
             is
             the
             highest
             Rate
             that
             ever
             was
             .
          
           
             
               
                 
                   Space
                   of
                   2
                   years
                   to
                   reduce
                   the
                   Gold
                   to
                   the
                   Proportion
                   of
                   Silver
                   .
                
                 
                   Price
                   of
                   the
                   Ounce
                   of
                   Gold.
                   
                
                 
                   Weight
                   of
                   Guineas
                   and
                   half
                   Guineas
                   .
                
                 
                   Price
                   of
                   ditto
                   Guineas
                   ,
                   &c.
                   
                
              
               
                 
                   From
                   March
                   25.
                   1696
                   ,
                   to
                   
                     September
                     25.
                     1696.
                  
                   
                
                 
                   5
                   
                     l.
                     6
                     s.
                     8
                     d.
                  
                   
                
                 
                   Gui.
                   
                     Dw.
                     gr
                  
                   .
                   5.
                   9.
                   half
                   Guineas
                   —
                   
                     Dw.
                     gr
                  
                   .
                   2-16-½
                
                 
                   1
                   
                     l.
                     8
                     s.
                     8
                     d.
                  
                   0
                   
                     l.
                     14
                     s.
                     4
                     d.
                  
                   
                
              
               
                 
                   From
                   Septem
                   .
                   25.
                   1696
                   ,
                   to
                   
                     March
                     25.
                     1697.
                  
                   
                
                 
                   5
                   
                     l.
                     0
                     s.
                     0
                     d.
                  
                   
                
                 
                   Guineas
                   ditto
                   .
                   half
                   Guinea
                   ditto
                   .
                
                 
                   1
                   
                     l.
                     6
                     s.
                     10
                     d.
                  
                   ½
                   0
                   —
                   13
                   —
                   5
                   ¼
                
              
               
                 
                   From
                   March
                   25.
                   1697.
                   to
                   September
                   25.
                   1697.
                   
                
                 
                   4
                   
                     l.
                     13
                     s.
                     4
                     d.
                  
                   
                
                 
                   Guinea
                   ditto
                   .
                   half
                   Guinea
                   ditto
                   .
                
                 
                   1
                   
                     l.
                     5
                     s.
                     1
                     d.
                  
                   0
                   —
                   12
                   —
                   6
                   ½
                
              
               
                 
                   From
                   Septem
                   .
                   25.
                   1697
                   ,
                   to
                   
                     March
                     25.
                     1698.
                  
                   
                
                 
                   4
                   
                     l.
                     6
                     s.
                     8
                     d.
                  
                   
                
                 
                   Guinea
                   ditto
                   .
                   half
                   Guinea
                   ditto
                   .
                
                 
                   1
                   
                     l.
                     3
                     s.
                     3
                     d.
                  
                   ½
                   0
                   —
                   11
                   —
                   7
                   ¾
                
              
               
                 
                   From
                   March
                   25.
                   1698
                   ,
                   and
                   thenceforth
                   .
                
                 
                   4
                   
                     l.
                     00.
                     s.
                     0
                     d.
                  
                   
                
                 
                   Guinea
                   ditto
                   .
                   half
                   Guinea
                   .
                   ditto
                   .
                
                 
                   1
                   
                     l.
                     1
                     s.
                     6
                     d.
                  
                   0
                   —
                   10
                   —
                   9d
                   .
                
              
            
          
        
         
           
           
             A
             New
             PROPOSAL
             to
             Melt
             down
             all
             the
             Old
             Hammer'd
             Mony
             of
             England
             ,
             and
             make
             New
             Coin
             of
             the
             same
             Standard
             and
             Price
             ,
             as
             the
             present
             Milled
             Mony
             is
             ;
             and
             to
             supply
             the
             Loss
             arising
             by
             Clipt
             Mony.
             
          
           
             1.
             
             THAT
             by
             Act
             of
             Parliament
             ,
             the
             Price
             of
             Silver
             Standard
             be
             fixed
             at
             Five
             Shillings
             an
             Ounce
             ,
             and
             that
             the
             Price
             of
             Gold
             never
             exceeds
             above
             sixteen
             times
             the
             value
             of
             Silver
             ,
             Weight
             for
             Weight
             .
          
           
             2.
             that
             the
             Milled
             Crowns
             ,
             Half-Crowns
             ,
             Shillings
             ,
             Six-pences
             ,
             Four-Pences
             ,
             Two-pences
             and
             Penny-pieces
             of
             Charles
             II.
             Iames
             II.
             William
             and
             Mary
             ,
             and
             William
             ,
             continue
             to
             be
             current
             as
             they
             are
             now
             ,
             viz.
             the
             Crown
             
             at
             5
             s.
             and
             the
             other
             Pieces
             propor●●onably
             .
          
           
             3.
             
             That
             from
             the
             first
             of
             
               Ianua●●
               1695
            
             ,
             and
             thenceforth
             no
             Crown
             piec●
             or
             its
             value
             in
             Half-Crowns
             ,
             Shilling●
             &c.
             that
             ought
             to
             Weigh
             19
             
               dw
               ▪
               8
               gr
            
             .
             and
             a
             half
             ,
             and
             shall
             weigh
             under
             15
             dw
             .
             Half-Crowns
             7
             
               dw
               .
               12
               g●
               ▪
            
             Shillings
             3
             
               dw
               .
            
             ,
             and
             Six-penny
             Piece●
             1
             
               dw
               .
               12
               gr
            
             .
             be
             taken
             in
             Payment
             ,
             and
             cease
             from
             that
             day
             to
             be
             Current
             Mony
             of
             England
             .
          
           
             4.
             
             That
             from
             the
             first
             of
             
               Ianuary
               1695
            
             ,
             to
             the
             first
             of
             Iune
             1696
             ,
             all
             the
             old
             Crown
             pieces
             that
             shall
             weigh
             15
             dw
             .
             or
             above
             ,
             Half-Crowns
             7
             
               dw
               .
               12
               gr
               .
            
             ,
             Shillings
             3
             
               dw
               .
            
             ,
             Six-pences
             1
             
               dw
               .
               12
               gr
            
             .
             so
             that
             One
             Hundred
             Pounds
             of
             that
             Mony
             should
             weigh
             300
             Ounces
             or
             Twenty
             five
             Pounds
             ,
             be
             taken
             in
             Current
             Payment
             for
             the
             Price
             they
             were
             made
             for
             ,
             but
             after
             the
             First
             of
             Iune
             1696
             ,
             no
             old
             Coin
             of
             England
             ,
             except
             the
             Milled
             Mony
             of
             Charles
             II.
             Iames
             II.
             William
             and
             Mary
             ,
             and
             William
             ,
             
             be
             taken
             but
             as
             Bullion
             ,
             after
             ●he
             rate
             of
             Five
             Shilings
             an
             Ounce
             .
          
           
             5.
             
             That
             the
             said
             old
             Pieces
             or
             Bul●ion
             be
             taken
             at
             the
             Mint
             ,
             or
             by
             the
             Changers
             ,
             as
             by
             my
             first
             Proposal
             ,
             and
             that
             the
             Owners
             thereof
             receive
             a
             new
             ●or
             old
             Milled
             Crown
             ,
             or
             its
             value
             in
             Milled
             Half-Crowns
             ,
             Shillings
             ,
             &c.
             for
             every
             Ounce
             Weight
             of
             old
             Coin
             Standard
             .
             And
             in
             case
             the
             Mint
             or
             Changers
             should
             want
             new
             Coin
             to
             Exchange
             the
             old
             ,
             it
             shall
             be
             lawful
             for
             the
             Mint
             or
             Changers
             ,
             when
             any
             great
             Sum
             shall
             be
             brought
             to
             them
             to
             be
             Exchanged
             ,
             to
             pay
             the
             Owners
             thereof
             Ten
             Pounds
             in
             new
             Milled
             Mony
             ,
             and
             to
             give
             them
             for
             the
             rest
             a
             Bill
             payable
             to
             the
             Bearer
             upon
             the
             Bank
             of
             England
             ,
             or
             the
             Million
             Bank
             ,
             which
             shall
             be
             repaid
             in
             3
             Months
             time
             ,
             as
             by
             the
             first
             Proposal
             .
          
           
             6.
             
             And
             to
             supply
             the
             Loss
             that
             should
             happen
             ,
             by
             reason
             of
             the
             difference
             of
             the
             Estimation
             of
             the
             Clipt
             Mony
             by
             Tale
             ,
             and
             its
             Estimation
             by
             
             the
             Ounce
             ,
             it
             shall
             be
             deliver'd
             Notes
             upon
             the
             said
             two
             Banks
             answering
             th●
             said
             Loss
             ,
             to
             be
             exchanged
             with
             Bank
             Bills
             ,
             bearing
             Interest
             of
             Two-pence
             a
             Day
             for
             one
             Year
             ,
             provided
             that
             the
             said
             Notes
             do
             not
             exceed
             the
             Sum
             of
             250000
             l.
             upon
             each
             Bank
             :
             That
             is
             to
             say
             ,
             that
             if
             a
             Man
             brings
             to
             the
             Mint
             an
             Hundred
             pound
             of
             Clipt
             Mony
             ,
             that
             ought
             to
             Weigh
             Four
             Hundred
             Ounces
             ,
             and
             shall
             Weigh
             but
             200
             or
             50
             Pounds
             ,
             the
             said
             Man
             shall
             receive
             Ten
             pounds
             in
             new
             Coin
             ,
             and
             Forty
             pound
             in
             Bills
             upon
             the
             Banks
             ,
             payable
             to
             the
             Bearer
             ,
             and
             for
             the
             other
             Fifty
             ,
             that
             would
             be
             Loss
             to
             him
             ,
             were
             it
             not
             provided
             for
             ,
             he
             shall
             receive
             a
             Note
             for
             the
             same
             upon
             the
             same
             Banks
             ,
             which
             shall
             be
             exchanged
             with
             Bank
             Bills
             bearing
             Interest
             of
             Two-pence
             a
             Day
             for
             one
             Year
             .
          
           
             7.
             
             And
             for
             the
             Re-payment
             of
             the
             said
             Banks
             ,
             it
             shall
             be
             provided
             by
             the
             Parliament
             a
             sufficient
             Fond
             to
             re-pay
             in
             One
             Years
             time
             the
             Sum
             of
             Five
             
             Hundred
             Thousand
             Pounds
             ,
             and
             Thirty
             Thousand
             Pounds
             more
             for
             the
             Interest
             thereof
             after
             the
             Rate
             of
             Six
             
               per
               Cent.
            
             
          
           
             8.
             
             To
             Encourage
             those
             who
             have
             Plate
             or
             Foreign
             Bullion
             ,
             to
             carry
             it
             to
             the
             Mint
             ,
             to
             be
             Coined
             ,
             such
             persons
             are
             to
             have
             the
             Benefit
             of
             Coinage
             ,
             which
             is
             3⅓
             or
             3¼
             
               per
               Cent.
            
             viz.
             Weight
             for
             Weight
             ,
             Standard
             Silver
             and
             Gold.
             
          
           
             9.
             
             And
             to
             prevent
             people
             from
             Melting
             the
             old
             Coin
             ,
             to
             carry
             it
             afterwards
             to
             the
             Mint
             to
             receive
             the
             Advantage
             of
             3¼
             or
             3⅓
             
               per
               Cent.
            
             (
             which
             Benefit
             is
             designed
             to
             help
             to
             bear
             the
             Charges
             of
             the
             clipt
             Mony.
             )
             All
             Bullion
             that
             shall
             not
             be
             Marked
             at
             the
             Tower
             (
             as
             it
             is
             largely
             expressed
             in
             my
             First
             Proposal
             )
             shall
             be
             deemed
             Coin
             of
             England
             Melted
             ,
             and
             for
             that
             Reason
             esteemed
             3⅓
             
               per
               Cent.
            
             worse
             than
             Standard
             ,
             and
             for
             such
             taken
             accordingly
             at
             the
             Mint
             .
          
           
           
             10.
             
             Now
             to
             supply
             in
             part
             the
             Loss
             that
             will
             happen
             to
             the
             Publick
             ,
             by
             reason
             of
             the
             Clipt
             Mony
             ,
             which
             will
             amount
             to
             Fifteen
             Hundred
             Thousand
             Pound
             or
             thereabouts
             ,
             as
             it
             will
             appear
             by
             a
             Computation
             hereunto
             annexed
             ,
             I
             have
             thought
             fit
             to
             propose
             the
             following
             New
             
               Million
               Adventure
            
             .
          
           
             1.
             
             There
             will
             be
             delivered
             a
             Hundred
             Thousand
             Tickets
             at
             Ten
             Pound
             a
             piece
             ,
             in
             the
             same
             way
             as
             they
             were
             delivered
             in
             the
             first
             Million
             Adventure
             .
          
           
             2.
             
             Old
             Crown-pieces
             ,
             Half-Crowns
             ,
             Shillings
             ,
             Six-pences
             ,
             &c.
             though
             clipped
             ,
             under
             the
             degree
             adove-mentioned
             ,
             shall
             be
             taken
             for
             Tickets
             ,
             provided
             Ten
             Pounds
             of
             that
             Clipt
             Mony
             weigh
             together
             Fifteen
             Ounces
             ,
             (
             tho'
             they
             ought
             to
             weigh
             Thirty
             Eight
             Ounces
             14
             
               dw
               .
               4
               gr
               .
            
             )
          
           
             3.
             
             Twenty
             Pounds
             of
             Counterfeited
             Mony
             ,
             shall
             be
             judged
             Equivalent
             to
             Ten
             Pound
             of
             Clipt
             Mony
             ,
             and
             taken
             for
             one
             Ticket
             ,
             unless
             the
             said
             Counterfeited
             
             Mony
             should
             be
             extraordinary
             bad
             ,
             which
             must
             be
             left
             to
             the
             Discretion
             of
             those
             whose
             who
             shall
             be
             appointed
             to
             deliver
             Tickets
             .
          
           
             4.
             
             In
             Consideration
             of
             the
             said
             Million
             arising
             by
             an
             Hundred
             Thousand
             Tickets
             ,
             at
             Ten
             Pound
             a
             piece
             ,
             it
             will
             be
             provided
             a
             Fond
             of
             an
             Hundred
             and
             Twenty
             Thousand
             Pound
             a
             Year
             ,
             which
             shall
             be
             divided
             into
             Prizes
             and
             Blanks
             as
             follows
             ;
             
               
                 
                    
                
                 
                   l.
                   
                
                 
                   l.
                   
                
              
               
                 
                   1
                   Of
                   the
                   Yearly
                   Rent
                   of
                
                 
                   500
                
                 
                   500
                
              
               
                 
                   2
                   —
                   of
                
                 
                   250
                
                 
                   500
                
              
               
                 
                   2
                   —
                   of
                
                 
                   150
                
                 
                   300
                
              
               
                 
                   20
                   —
                   of
                
                 
                   100
                
                 
                   2000
                
              
               
                 
                   30
                   —
                   of
                
                 
                   50
                
                 
                   1500
                
              
               
                 
                   65
                   —
                   of
                
                 
                   20
                
                 
                   1300
                
              
               
                 
                   380
                   —
                   of
                
                 
                   10
                
                 
                   3800
                
              
               
                 
                   2000
                   —
                   of
                
                 
                   5
                
                 
                   10000
                
              
               
                 
                   2500
                   First
                   and
                   last
                   drawn
                   each
                
                 
                   50
                
                 
                   100
                
              
               
                 
                    
                
                 
                    
                
                 
                   20000
                   l.
                   
                
              
            
          
           
           
             And
             for
             the
             Hundred
             Thousand
             Pound
             remaining
             ,
             they
             are
             to
             be
             employed
             for
             paying
             the
             Blank
             Tickets
             at
             Twenty
             Shillings
             a
             Year
             each
             ,
             for
             sixteen
             Years
             together
             ,
             as
             in
             the
             
               Million
               Adventure
            
             of
             1694
             ,
             and
             for
             the
             Charges
             of
             the
             same
             .
          
           
             It
             remains
             only
             to
             pay
             the
             two
             Banks
             of
             the
             Five
             Hundred
             Thousand
             Pound
             advanced
             by
             them
             ,
             and
             for
             that
             ,
             the
             Author
             of
             this
             Proposal
             ,
             has
             a
             Project
             ready
             at
             hand
             ,
             to
             raise
             that
             Sum
             ,
             as
             also
             the
             Hundred
             Thousand
             Pound
             for
             the
             Yearly
             Rent
             of
             the
             
               Million
               Adventure
            
             ,
             which
             he
             has
             not
             thought
             fit
             to
             publish
             here
             .
             The
             Computation
             hereunto
             annexed
             ,
             will
             shew
             what
             Charges
             the
             Nation
             must
             be
             at
             ,
             besides
             this
             new
             
               Million
               Adventure
            
             .
          
           
             Would
             I
             deal
             with
             others
             ,
             as
             I
             was
             dealt
             by
             in
             the
             first
             
               Million
               Adventure
            
             ,
             of
             which
             I
             can
             boast
             I
             was
             the
             Inventor
             ,
             Though
             
               tulit
               alter
               honores
            
             ,
             I
             should
             say
             ,
             that
             I
             am
             the
             Contriver
             of
             this
             ,
             but
             
             I
             act
             by
             other
             Principles
             ,
             and
             therefore
             ,
             I
             own
             ,
             that
             Major
             Hayens
             ,
             a
             worthy
             Citizen
             of
             London
             ,
             is
             the
             first
             who
             has
             Invented
             how
             to
             apply
             such
             a
             Lottery
             to
             the
             Mending
             of
             the
             Coin
             ,
             and
             I
             add
             nothing
             to
             it
             ,
             but
             that
             Twenty
             Pound
             of
             counterfeited
             Mony
             ought
             to
             be
             Equivalent
             to
             Ten
             Pound
             of
             clipt
             Mony
             ,
             and
             taken
             for
             a
             Ticket
             in
             this
             Adventure
             .
          
           
             From
             what
             I
             have
             said
             ,
             it
             follows
             ,
             that
             the
             Publick
             shall
             lose
             nothing
             upon
             clipt
             Mony
             ,
             and
             it
             were
             to
             be
             wished
             ,
             that
             they
             should
             be
             no
             losers
             by
             Guineas
             ;
             but
             besides
             the
             Difficulty
             of
             the
             Thing
             ,
             there
             is
             no
             Justice
             that
             the
             State
             should
             make
             good
             the
             loss
             of
             Eight
             Shillings
             and
             above
             upon
             every
             Guinea
             ,
             seeing
             they
             have
             been
             advanced
             to
             that
             extravagant
             Price
             against
             the
             general
             consent
             of
             the
             Nation
             ,
             as
             it
             is
             plain
             from
             an
             Act
             of
             Parliament
             passed
             last
             Sessions
             ,
             to
             prevent
             Clipping
             .
             The
             King
             has
             got
             nothing
             by
             it
             ,
             but
             
             on
             the
             contrary
             has
             lost
             very
             much
             ,
             and
             therefore
             it
             is
             but
             just
             that
             those
             who
             have
             got
             by
             raising
             the
             Price
             of
             Gold
             ,
             should
             now
             suffer
             by
             lowering
             of
             the
             same
             .
          
           
             The
             Prejudice
             which
             the
             King
             and
             the
             Nation
             in
             general
             have
             suffered
             by
             the
             high
             price
             of
             Guineas
             ,
             may
             be
             well
             guessed
             at
             by
             this
             only
             Instance
             ,
             viz.
             That
             whereas
             Six
             Millions
             were
             sufficient
             for
             the
             Charges
             of
             the
             War
             ,
             when
             Guineas
             were
             at
             21
             
               s.
               6
               d.
            
             ,
             Nine
             Millions
             or
             very
             little
             less
             ,
             are
             now
             absolutely
             Necessary
             to
             bear
             the
             very
             same
             Charges
             ;
             Cloath
             ,
             and
             all
             other
             Commodities
             having
             been
             raised
             in
             Proportion
             to
             Guineas
             .
             This
             Observation
             by
             the
             by
             sheweth
             that
             we
             lose
             every
             Year
             to
             no
             purpose
             ,
             twice
             as
             much
             as
             it
             will
             cost
             us
             once
             for
             all
             to
             reform
             our
             Coin.
             
          
           
             However
             ,
             to
             help
             the
             Publick
             as
             much
             as
             possible
             ,
             I
             make
             bold
             to
             propose
             ,
             that
             Guineas
             be
             lowered
             by
             degrees
             ,
             
             according
             to
             the
             Table
             annexed
             to
             my
             first
             Project
             ,
             viz.
             every
             Three
             Months
             ,
             and
             so
             that
             Guineas
             be
             current
             from
             the
             First
             of
             
               Ianuary
               1695
               /
               6
            
             ,
             to
             the
             First
             April
             1696
             ,
             at
             28
             
               s.
               8
               d.
            
             ,
             From
             the
             First
             of
             April
             to
             the
             First
             of
             Iuly
             ,
             at
             26
             
               s.
               10
               d.
            
             ;
             From
             the
             First
             of
             Iuly
             to
             the
             First
             of
             October
             ,
             at
             25
             
               s.
               1
               d.
            
             ;
             And
             from
             the
             First
             of
             October
             to
             the
             First
             of
             
               Ianuary
               1696
               /
               7
            
             ,
             at
             23
             
               s.
               3
               d.
               ½
            
             ;
             and
             thenceforth
             ,
             that
             no
             Body
             presume
             to
             take
             them
             above
             the
             Price
             of
             21
             
               s.
               6
               d.
            
             This
             will
             prevent
             many
             Disputes
             ,
             but
             let
             the
             Parliament
             fix
             the
             Price
             of
             Guineas
             ,
             or
             not
             ,
             they
             must
             needs
             fall
             to
             21
             
               s.
               6
               d.
            
             ,
             as
             soon
             as
             Silver
             is
             fixed
             at
             5
             s.
             an
             Ounce
             .
          
           
             I
             have
             considered
             this
             Matter
             these
             Three
             Years
             since
             ,
             and
             though
             what
             I
             propose
             be
             directly
             against
             my
             own
             private
             Interest
             ;
             I
             think
             ,
             it
             is
             an
             absolute
             Necessity
             for
             the
             Honour
             and
             general
             Interest
             of
             the
             Nation
             to
             melt
             down
             our
             old
             Clipt
             Mony
             ,
             and
             make
             
             new
             Coin
             of
             the
             same
             Standard
             ,
             Weight
             and
             Price
             as
             the
             former
             ;
             and
             when
             that
             is
             done
             ,
             and
             our
             Trade
             and
             Navigation
             secured
             ,
             I
             question
             not
             to
             see
             England
             the
             happiest
             Country
             in
             the
             World
             ,
             which
             is
             my
             Hearts
             desire
             .
          
           
             FINIS
             .
          
        
         
           
           
             A
             Computation
             of
             the
             whole
             Charge
             that
             the
             Nation
             will
             be
             at
             ,
             to
             make
             the
             Clipt
             Mony
             good
             to
             the
             Owners
             thereof
             ;
             besides
             the
             voluntary
             advance
             of
             one
             Million
             in
             Clipt
             Mony
             towards
             the
             Mending
             of
             it
             ,
             by
             way
             of
             an
             Adventure
             ,
             according
             to
             the
             New
             Proposal
             .
          
           
             
               
                 
                    
                
                 
                   Quantity
                   of
                   ounces
                   of
                   silver
                   that
                   ought
                   to
                   be
                   in
                   4
                   Millons
                   of
                   Coyn.
                   
                
                 
                    
                
                 
                   Quantity
                   of
                   Oun.
                   of
                   Silver
                   that
                   by
                   clipping
                   &c.
                   are
                   left
                   in
                   4
                   Mil.
                   of
                   Coin
                
              
               
                 
                   1
                   Mil.
                   or
                   4
                   Mil.
                   of
                   Cro.
                   which
                   at
                   19
                   dw
                   .
                   8
                   gr
                   .
                   1
                   half
                   ought
                   to
                   Weigh
                   .
                
                 
                   ounces
                   dw
                   .
                   gr
                   .
                   3870833-13-8
                
                 
                   The
                   said
                   Crowns
                   or
                   ,
                   their
                   value
                   in
                   half
                   Cro.
                   shillings
                   ,
                   &c.
                   though
                   reduced
                   by
                   Usage
                   to
                   something
                   less
                   than
                   19
                   dw
                   .
                   8
                   gr
                   .
                   half
                   Being
                   Milled
                   mony
                   ,
                   are
                   not
                   to
                   be
                   melted
                   down
                   and
                   are
                   reputed
                   to
                   weigh
                   .
                
                 
                   Ounce
                   dw
                   .
                   gr
                   3870833-13-8
                
              
               
                 
                   One
                   Millon
                   ,
                   or
                   4.
                   
                   Millons
                   of
                   Crowns
                   .
                
                 
                   3870833-13-8
                
                 
                   By
                   Clipping
                   ,
                   &c.
                   are
                   reduced
                   one
                   with
                   another
                   to
                   15
                   dw
                   .
                
                 
                   3000000-0-0
                
              
               
                 
                   Two
                   Millons
                   ,
                   or
                   ●
                   .
                   Millons
                   of
                   Crowns
                   .
                
                 
                   7741667-6-16
                   ▪
                
                 
                   By
                   ditto
                   reduced
                   one
                   with
                   another
                   to
                   12
                   dw
                   .
                
                 
                   4800000-0-0
                
              
               
                 
                   One
                   Millon
                   ;
                   or
                   4
                   Mil.
                   of
                   Crowns
                   ,
                   which
                   will
                   be
                   taken
                   up
                   for
                   Tickets
                   on
                   a
                   New
                   Mil.
                   Adventure
                   .
                
                 
                   0000000-0-0
                
                 
                   By
                   ditto
                   reduced
                   one
                   with
                   another
                   to
                   7
                   dw
                   .
                   12
                   gr
                   .
                   will
                   render
                   towards
                   the
                   mending
                   of
                   the
                   Coin.
                   
                
                 
                   1500000-0-0
                
              
               
                 
                   5
                   Mil.
                   or
                   20
                   Mil.
                   of
                   Cro.
                   Being
                   the
                   whole
                   of
                   the
                   Silver
                   Coyns
                   .
                
                 
                    
                
                 
                   The
                   benefit
                   of
                   3
                   one
                   fourth
                   per
                   Cent
                   upon
                   3
                   Millons
                   that
                   are
                   to
                   be
                   melted
                   ,
                   weighing
                   9300000
                   Ounces
                   .
                
                 
                   302250-0-0
                   2010251-0-0
                
              
               
                 
                   4
                   Mil.
                   ought
                   to
                   weigh
                   Ounces
                   .
                
                 
                   15483334-13-8
                
                 
                   It
                   remains
                   to
                   be
                   made
                   good
                   in
                   Bank
                   bills
                   .
                
                 
                   15483334-13-8
                
              
               
                 
                   The
                   said
                   2010251
                   Ounces
                   of
                   silver
                   at
                   5
                   s.
                   an
                   Ounce
                   make
                   sterling
                   ,
                   —
                   502562l
                   .
                   15s
                   .
                   0
                
              
            
          
           
             FINIS
             .
          
           
        
      
    
     
  

