a_o report_n contain_v a_o essay_n for_o the_o amendment_n of_o the_o silver_n coin_n london_n print_v by_o charles_n bill_n and_o the_o executrix_n of_o thomas_n newcomb_n decease_v printer_n to_o the_o king_n most_o excellent_a majesty_n 1695._o to_o the_o right_n honourable_a the_o lord_n commissioner_n of_o his_o majesty_n treasury_n may_v it_o please_v your_o lordship_n in_o obedience_n to_o your_o lordship_n command_n i_o have_v endeavour_v to_o inform_v myself_o of_o divers_a matter_n which_o concern_v the_o gold_n and_o silver_n money_n and_o of_o the_o most_o practicable_a method_n for_o new_a coin_v the_o latter_a and_o supply_v in_o the_o mean_a time_n sufficient_a coin_n to_o pay_v the_o king_n tax_n and_o revenue_n and_o to_o carry_v on_o the_o public_a commerce_n and_o i_o do_v humble_o represent_v to_o your_o lordship_n that_o i_o have_v make_v diligent_a search_n into_o several_a record_n book_n and_o write_n to_o see_v what_o act_n or_o thing_n have_v be_v former_o 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the_o same_o to_o the_o king_n changer_n who_o be_v settle_v in_o several_a great_a town_n in_o the_o kingdom_n to_o be_v new_o coin_v and_o by_o what_o i_o have_v read_v in_o libro_fw-la rubeo_n which_o be_v in_o the_o upper_a exchequer_n concern_v the_o changer_n who_o as_o well_o as_o the_o master_n of_o the_o mint_n have_v several_a office_n erect_v in_o divers_a part_n of_o the_o kingdom_n namely_o at_o london_n canterbury_n bristol_n kingston_n upon_o hull_n newcastle_n and_o exeter_n a_o principal_a business_n of_o these_o changer_n be_v to_o buy_v in_o the_o silver_n of_o the_o bad_a money_n que_fw-fr les_fw-fr pollard_n &_o crockards_n &_o les_fw-fr autres_fw-fr mauvaises_fw-fr money_n contrefaits_n soront_v abatue_n and_o there_o be_v a_o writ_n then_o direct_v to_o the_o sheriff_n to_o prohibit_v the_o importation_n of_o clip_v or_o counterfeit_n money_n and_o the_o use_v thereof_o in_o merchandize_v or_o negotiate_v under_o severe_a penalty_n and_o command_v those_o that_o 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round_v but_o this_o practice_n of_o clip_v have_v never_o be_v exercise_v upon_o the_o milled_a money_n and_o i_o think_v never_o can_v be_v because_o of_o its_o thickness_n and_o edge_v although_o no_o further_a provision_n against_o the_o same_o shall_v be_v make_v by_o law_n second_o that_o as_o to_o counterfeit_v the_o hammer_v money_n be_v liable_a thereunto_o because_o the_o tool_n for_o resemble_v the_o same_o be_v cheap_a and_o easy_o make_v and_o procure_v and_o the_o fabrication_n thereof_o may_v be_v perform_v in_o a_o little_a room_n and_o with_o less_o art_n so_o that_o smith_n and_o other_o artificer_n can_v ready_o attain_v thereunto_o but_o the_o engine_n for_o the_o milled_a money_n be_v many_o and_o very_o costly_a not_o easy_a to_o be_v procure_v the_o maker_n or_o user_n of_o such_o engine_n can_v be_v conceal_v without_o great_a difficulty_n and_o the_o milled_a money_n itself_o be_v of_o a_o much_o fine_a print_n than_o the_o other_o require_v more_o solemnity_n 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and_o six_o hundred_o thousand_o pound_n and_o if_o it_o be_v grant_v that_o four_o million_o of_o this_o sum_n consist_v of_o piece_n that_o be_v diminish_v some_o more_o some_o less_o by_o clip_v than_o it_o will_v follow_v that_o there_o remain_v in_o the_o kingdom_n about_o one_o million_o and_o six_o hundred_o thousand_o pound_n of_o heavy_a money_n a_o great_a part_n of_o which_o be_v suppose_v to_o lie_v in_o hoard_v and_o the_o rest_n currant_n chief_o in_o the_o county_n most_o remote_a from_o london_n three_o i_o be_o to_o compute_v as_o well_o as_o i_o can_v how_o far_o the_o clip_v piece_n now_o in_o be_v may_v have_v be_v diminish_v in_o their_o weight_n in_o reference_n to_o which_o your_o lordship_n may_v be_v please_v to_o be_v reminded_a that_o when_o the_o earl_n of_o rochester_n be_v lord_n treasurer_n several_a good_a order_n be_v establish_v by_o he_o for_o the_o exchequer_n one_o of_o which_o be_v to_o have_v all_o the_o bag_n of_o money_n there_o receive_v to_o 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commerce_n and_o for_o answer_v not_o only_o of_o the_o public_a but_o also_o of_o all_o private_a revenue_n rent_n debt_n and_o other_o occasion_n which_o concern_v the_o very_a existence_n of_o the_o great_a political_a body_n it_o be_v enough_o for_o i_o upon_o this_o occasion_n to_o say_v that_o the_o house_n of_o commons_o judge_v it_o necessary_a to_o have_v the_o clip_v money_n re-coined_a have_v resolve_v thereupon_o after_o many_o long_a and_o mature_a deliberation_n in_o the_o last_o session_n of_o parliament_n but_o the_o evil_n which_o for_o some_o time_n past_o have_v be_v grow_v upon_o we_o in_o respect_n of_o the_o coin_n be_v at_o length_n actual_o arrive_v and_o more_o sensible_o feel_v i_o shall_v take_v leave_n humble_o to_o state_n the_o same_o according_a to_o the_o best_a of_o my_o understanding_n and_o submit_v the_o judgement_n thereof_o to_o public_a authority_n first_o because_o such_o of_o the_o silver_n coin_n as_o be_v usual_o currant_n or_o offer_v in_o payment_n be_v very_o bad_a and_o defective_a the_o common_a people_n without_o any_o visible_a reason_n other_o thanto_n avoid_v the_o danger_n and_o vexation_n of_o such_o money_n by_o almost_o a_o unanimous_a consent_n and_o agreement_n do_v take_v guineas_n at_o thirty_o shilling_n apiece_o little_o more_o or_o less_o which_o raise_v the_o gold_n here_o as_o have_v be_v observe_v to_o a_o much_o high_a price_n in_o proportion_n than_o silver_n in_o bullion_n now_o go_v at_o or_o that_o silver_n in_o coin_n will_v go_v for_o when_o it_o shall_v be_v raise_v to_o the_o foot_n of_o six_o shilling_n and_o three_o penny_n for_o the_o crown_n piece_n according_a to_o this_o projection_n and_o this_o exorbitant_a price_n of_o gold_n here_o have_v encourage_v foreign_a merchant_n to_o import_n it_o upon_o we_o in_o great_a quantity_n and_o in_o return_n for_o the_o same_o they_o either_o export_v our_o silver_n in_o coin_n or_o molten_n which_o lie_v in_o a_o little_a room_n the_o exportation_n thereof_o can_v easy_o be_v prevent_v or_o second_o they_o buy_v our_o native_a commodity_n the_o interruption_n of_o the_o navigation_n not_o allow_v we_o such_o a_o overplus_n of_o good_n bring_v from_o our_o colony_n in_o america_n and_o other_o foreign_a part_n wherewith_o england_n in_o time_n of_o peace_n can_v at_o least_o balance_n its_o trade_n with_o its_o neighbour_n or_o three_o they_o draw_v back_o the_o aforesaid_a value_n of_o their_o gold_n by_o bill_n of_o exchange_n or_o remittance_n in_o every_o one_o of_o these_o case_n they_o make_v a_o unreasonable_a profit_n by_o their_o gold_n which_o must_v needs_o in_o a_o little_a time_n exhaust_v a_o great_a part_n of_o the_o real_a stock_n and_o wealth_n of_o our_o nation_n but_o particular_o in_o the_o first_o case_n the_o bullion_n or_o coin_n in_o silver_n that_o be_v export_v be_v real_o worth_n much_o more_o than_o the_o gold_n import_v for_o it_o and_o the_o difference_n become_v a_o dead_a loss_n to_o england_n which_o labour_n too_o much_o already_o under_o the_o scarcity_n of_o silver_n and_o will_v inevitable_o find_v it_o much_o scarce_a and_o dear_a than_o it_o be_v if_o this_o golden_a trade_n continue_v in_o the_o second_o case_n they_o can_v furnish_v foreign_a market_n with_o our_o native_a commodity_n which_o will_v be_v carry_v thither_o by_o our_o own_o merchant_n who_o want_v the_o aforesaid_a profit_n of_o the_o gold_n to_o enable_v they_o to_o buy_v those_o good_n as_o dear_a and_o sell_v they_o as_o cheap_a as_o the_o foreigner_n can_v and_o in_o the_o three_o case_n by_o the_o great_a occasion_n they_o have_v for_o bill_n to_o draw_v back_o the_o value_n of_o their_o gold_n to_o the_o place_n from_o whence_o it_o come_v they_o have_v contribute_v in_o a_o great_a measure_n towards_o lower_v the_o exchange_n to_o the_o low_a country_n