1000000031

293 / 868

1\·1 O N
t ors who woulJ ue r.l1i .fied \Vith r.1ym.:nts m:lCt..! On the
( oolin" of (he 01.1 . H the rife intl!ndcd ¡hould
nOl h~ °very confitkr.\l.>lc, no creat inju!Lcc C:tO follow (uch
a :Hion.
Anmtiti~s ;trc now lhoro\lghly uoncrllood. and the va–
lue oE them is brought to (o Ilice a c;¡lculation. that no–
lhing \ViII be c.dicr than tO rl lhere upon lhe foo t·
in o of ,he v. lue for ,helll . or of ,he fubje<l aff<<led
b yo ,hem. lf by ,he regulalÍon land ren" are made 'o
rife in denominarían, che annuitics charged upon them,
Ollflh t (O rirl! in p,oportioD; ir in ¡ntriorac valuc, lhe an–
nui ty OlOuld rcm.tio as it \Vas .
M O N
intervcned, lhe o¡uion of the fp!.!cics 01J.1I be com?, tcnt
LO lhe buyer.
9· T h.. all f.m, pald or re«iveel by ,he Kin"', re–
c(!Í\·cu. or by b.\nkcrs, Ihc:lll be dellvcreu l"y we,ght, ir
demand.d .
10 . Thn all money whieh Iball be lound under ,he
legill weis::ht, from whettcve:r caure it may procee 1, may
be rtjeétcd in every payment whatroever; or Ir ofF.:red in
pf\y ment of a debt abo\'c a certai" fum o may be uken ac.
cording to its wcicihr, at the {hen miol price, in (he aptioo
of th..! creditor.
',). no penahy Ib all be ineurred by ,hof< who
melt down orexport lhe "alian's coio; lmt [har waOling,
R 'g u!alicnI whi,'h lb, princip!" ol Ibi! inquil'Y poinl clipping. or dinoiniflling ,he weiglll of any par! of i, (ha ll
out al t xpcdiOIJ I~ 1)( madt b)' Q n,"¡JJ flatu le fo r regu· be deerncd J eluny, as much as any other {hert, ir the
l..zling Ihe BrilijIJ c~in. perCon lo uegracling lhe coin (hall aftcrwards make it cir–
LET us now exa mine what regulatioos it may ue pr(\· culare for lawful OIoney.
per to makc by a nc\V (latu te conccrning {he coin of GrcRt T o prCVcl1t the inconveniences procecding from Ihe
Eriuin, in order [Q prcfe:rve always tht:" fame CX,\tt ,'alue variation in the proponíon bLtwceD the: metals, jc Ola}' be
of lhe pound fh:rhng reithzed io gold alld in 'ilver, in providen. .
{Ilite of all Ihe inca pacities inhl!rent in Ihe metals 10 per· 12. Thal upon evcry variation of proportiorr io the:
. rm ,he fun<llon. of an invaridole feale or me.lure of mark<l priee of ,he me\als . ,he priee of bo,h Iball ue
v~luc:. changed, according tO the following rule.
l . The fi rfl poin' i. ' o de,ermine ,he exaél number of L e, ,he priee 01 ,he pound "oy line gold in the eoin
grains of fine ~old .nd filie (,Iver whieh are 'o eompofe i" be eal led G .
aeeording ' o ,he ,hen propon ion of 'Jle me' al, in ,he Lon- L e, ,he priec of dillo in ,he (,1 ver be ealled S .
<.lon mal ket. L et lhe oew proponion uetweeo lhe markt:t pri~e of
2. T o de,errnine ,he proponioo of ,hefe mel,I, IVilh the me"I, be ealled P .
the pound Iroy. and in regard d... lhe Il. of gold T hen nate ,his formula:
anJ (,h'er i, differ<nt, le, ,he mili' priee 01 oodl mual, G S . fi (" . n l'
be rc:culated according tO the pouod troy fioe . ;¡;t-;-= to a pound Hay oc l.Yer, In er ,og :urreocy•
. 3· T o fix the nliot price: widlln ce n ain limi ts : lltat is S G
t O fay, 10 leave 10 d,e Kin:, and Couneil, by proclam.- - +P+ - = IO. fie rlingeurreney.
tion , to carry the mira pricc of bull loo up 10 Ihe " due 2 T his w~J1 be a rule fo r the miot, to keep lhe price of
of lhe coio, as is fhe preCent rt"gul.uion, or to (jnk it 10 the metals conl1,tntly at pM with lhe price 01' the market;
per C,;,I1I . below th;tt price. according rt'!i govern and coinage may be impof..:d, as has been defcnbed, by
meot lhall incline lO impofe a dut y upon coinil ge fixi ng the mint price of them al a certai n rate belo\Y the
4' T u order. dI" CoI", r . nd gold eoin flldlJ be í1ruek value of , he fine melals ill ,he eoin.
of fuch dcnonlinations as the- K,ng 111,,11 1I11nk lit to ap- 13. As long rtS the variauon of the market price of ~he
'paiel ~ in wh eh the pi'opur tion ot lhe llIelals: abo\'C! de· metrtls {hall not carry lhe price of lhe ri{jng hlgh
h.' rmml d 111dll be cor:CLwtly obft. I\ ClJ lhro1.lgh cvery dé· as the advanced Plice of Ihe coin aboye lh::: bulllon.' no
nomin.niao of the coin, untll necellity Olall ololke a new alte ralion- nt:cd be nude 0 0 lhe dt:nomln,u ioD of t:lther
~l nrra l coin;,¡gc uDa\·oida~le. [recies. .
5 1'0 h.\ t.: lhe numtu:r of gr8ins of lhe ~ne metal .in J 4, So foon as lhe va'¡alion of the mal~el poce of lhe
cvel y piece upon lhe eXl!rgne, or upon lhe legenJ. melals Ihall give a vJlue lO the ri{i ng fpec,es, ahoye the
O: lhe coin , in pl.\CC (.f fOllh! ¡nitiAI JCtlCIS (.( tilles, d¡{feren,:e hetween the cuin and the (1l,llion ; .thcn .the
wilich not onc p~1 (on io a tholl l.tnd CiJ n d~C} phu; alld king alter the dcnomin.Hillns of ~II (he C¡Jln, fi l\'cr
t~ ,n.,a~e lh e cuin of as .comp.r{l a fli> IOl .as pc,lii,hle, dl~i . aod gold, aJdio~ to the coi ns of the n(jng metal ex;télly
1,¡{II IOn lhe hll f.u.:t of Il ~s mUlh as IS con{IHent wIlh what is tak('n (rom lhoft: of (he other. t\n c.'i.Jmpk ",il l
bt,tUI,Y- . . . . Olakc tltis pl."in. .
,. 6 r,,:'t~ ¡~ nl,tll be I.Hvful {nr. all COotrih.'l. lOg par~H~s 10 L et U5 [uppo(c that the coioagc has been m;¡de él~("o r.
Id; ulau t,l(l r p. l ym(,nI~ t'1t !lt'r 10 gold ar (jIVll" COI~. or ding {Q tile proponían of 1.1 S \0 l.; tl~élt :'0 0111 11."';5,
10 k J,:c. the ()PIlClI\ of '':CIC!:o .tO on~ of.the pélrtlCS. or 4 cra .\'o pi~cls, n'.11I COnl Jll1 , in Iloe: fd\'<r, l .•. ) t:mes
7· j Ila l \\ lI\'"rc no p:\l tlcnlar fllpulattoo 15 m,lde, cre:o as Olany graios .tS the l!ulOl'a. or Ihe &01..1 plHlnd, l. ,11.
cliwrs l1\.t1J llave: po",cr l a dl' pa}'lIlcnt. half in one canlain Rr;;ins o( ¡ioc..: J!old. L et dle new pror ortion l,t
' r<.ci, s, .h'llIl l1 Ihe otll.<r ; .nJ ......hen d,e fu lO e,mnot (a.1I lhe be fl.lppoCcJ 10 be 1-1 lO l. In th.H caf" Ih.:
(,'1 u ;dl y 10l O golJ u .J fJl Vt:r COIOS, the .'1lOns lO be raid : 0 fhi llin~:; , or lhe I CrO\\·IH. , \VIII c..ntain / 6 morr r,d l'c
jl\ fi l\"t~r: . .. . than tlle guinea. Now (jlh:c.: dlt~re is 110 C! uc.f!.lun U,f 1\11·
L. 1 hatlnbu ylOl! :mJ (c:lh nJ!. \\hc:n no pHllcu1.u fpe· king a n~w gencr:tl (,'llln;t I'1.! upon t!vcry ,,HI;\t;l,n. Illl1r·
<.ic:!) 111S thp~d ttcJ , allJ whl'n 110 ¡¡El tn wrlll ng ha, ~hr lO . djufl lhe pr\)pu rl l~1l 01 thc: in the \\·( I,:ht.
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