Proposals humbly offer'd to the Parliament for regulating the coyn of this Kingdom.
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- Proposals humbly offer'd to the Parliament for regulating the coyn of this Kingdom.
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- [London :: s.n.,
- 1695]
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"Proposals humbly offer'd to the Parliament for regulating the coyn of this Kingdom." In the digital collection Early English Books Online 2. https://name.umdl.umich.edu/B28464.0001.001. University of Michigan Library Digital Collections. Accessed May 21, 2024.
Pages
Page [unnumbered]
PROPOSALS Humbly Offer'd to the PARLIAMENT For Regulating the COYN OF THIS KINGDOM.
THE Parliament by Calling in the Broad and Milled Monys, and giving out Bills for the same, which Bills to pass Current in all Payments, as Mony 'till Called In Again, will do the Publick a Great Kindness; for if it be Considered the Broad and Milled Mony now Circulates not in Trade, and therefore can be no Benefit to it, these Bills will, and therefore must, be an advantage to it, and since the Pub∣lick must bear the Loss of the Clipt-Coyn, it ought to have the Benefit of the Broad and Milled, which being Recoyned into pieces of the same denomination, and Two-pence less in a Crown then what it's really worth to be Sold at this present juncture: The Mint will gain enough by it to make Good the Deficiency of Five Hundred Thousand Pounds of the Clipt, and it may be imagined that when the Broad and Milled Mony is all Recoyned it will Change all the Clipt-Half-Crowns in the Kingdom at once; The Clipt-Half-Crowns Melted down and Recoyned into Shillings, undoubtedly Change all the Clipt-Shillings, the Clipt-Shillings Recoyned into Sixpences will Change the Clipt-Sixpences, the Clipt-Sixpences when Recoyned will serve to pay off some of those Bills that were given out for the Broad and Milled-Mony, unless the Clipt Coyn happen to be more then it may be thought to be; by thus doing, the Publick can Receive no Man∣•…•…er of Damage for want of Mony to supply Trade; for there will be •…•…he same tale for tale as there now is (though of a much better Sort of Coyn,) but will receive this Advantage, it will have the Broad and Milled Mony Circulating in Bills, which will be as good as Mony, which •…•…efore lay dead: Now a Tax, being Setled by the Parliament, on the Mint •…•…nd the Mony that shall arise thereby, to buy Plate or Bullion, to be con∣•…•…erted into Coyn to pay of those Bills, by which means all the Silver •…•…oyn of this Kingdom may be regulated with the least Charge and greatest •…•…ase to the Publick that it's possible to be done.