<!DOCTYPE ETS PUBLIC "-//UMDLPS//DTD EEBOPROOF 2.0//EN">
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<DATE>2014-11-19</DATE>
<RESPSTMT>
<NAME>TCP Staff (Michigan)</NAME>
<RESP>MURP</RESP>
</RESPSTMT>
<ITEM>Proofed and reviewed as part of batch B140736.pdcc.</ITEM>
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<EEBO>
<IDG S="marc" R="UM" ID="B28138">
<STC T="W">P2342</STC>
<STC T="G">816.m.10[28]</STC>
<STC T="C">R220443</STC>
<BIBNO T="umi">99885030</BIBNO>
<VID>185351</VID>
</IDG><!-- alt.stc G816.m.10[28] --><!-- alt.stc CR220443 -->
<TEXT LANG="eng">
<BODY>
<DIV1 TYPE="text">
<PB REF="1" MS="y">
<HEAD>A plain and ea&s;ie Way to reduce G&V;INEAS, which now is the only pa&s;&s;able Coin for Payments, in &s;uch method that neither the KING nor any of his Subjects will lay under the least Di&s;advantage; but by &s;o doing, will produce a &s;peedy Supply to his Maje&s;ty and all his Revenues, and thereby all the Nobility and Gen|try of <HI>England</HI> will have their Revenues will paid; which will encourage Trade, and quicken Payment to Merchants and Trade&s;man, and by the means following will bring back Guineas out of Foreign Countries, and make them plentiful here: And likewi&s;e a Method for &s;etling of the Silver Coin in this Nation, during the time of reducing Guineas.</HEAD>
<OPENER>Humbly pre&s;ented to the Con&s;ideration of both Hou&s;es in Parliament.</OPENER>
<P>THE Method will then be, To reduce every Guinea from Thirty Shillings to Twenty five Shillings, and to pa&s;s Currant in the the King's Exchequer, Cu&s;tom-Hou&s;e, Exci&s;e, and all Banks and Places what&s;oever, in this his Maje&s;ty's Kingdom, at Thirty Shillings <HI>per</HI> Guinea until the 25th of <HI>March,</HI> 1696. And from thence to le&s;&s;en the Value of every Guinea Six Pence, every Quarter of a Year; which in Two Years and an half's Time will reduce every Guinea to the Value of Twenty five Shillings: which, if &s;ettled by Act of Parliament, will be of great Satisfaction to all People, with a &s;evere Penalty upon any that &s;hall Rai&s;e or Refu&s;e them.</P>
<P><TABLE>
<ROW>
<CELL>&nbsp;</CELL>
<CELL>&nbsp;</CELL>
<CELL ROLE="label">s</CELL>
<CELL ROLE="label">d</CELL>
<CELL>&nbsp;</CELL>
</ROW>
<ROW>
<CELL>And &s;o from the 25th of <HI>March</HI> 1696. to the</CELL>
<CELL>24th of <HI>June</HI> following at</CELL>
<CELL>29</CELL>
<CELL>6</CELL>
<CELL ROWS="10"><HI>per</HI> Piece.</CELL>
</ROW>
<ROW>
<CELL ROWS="9">From thence to the</CELL>
<CELL>29th of <HI>September,</HI> 1696. at</CELL>
<CELL>29</CELL>
<CELL>&nbsp;</CELL>
</ROW>
<ROW>
<CELL>25th of <HI>December,</HI> at</CELL>
<CELL>28</CELL>
<CELL>6</CELL>
</ROW>
<ROW>
<CELL>25th of <HI>March,</HI> 1697. at</CELL>
<CELL>28</CELL>
<CELL>&nbsp;</CELL>
</ROW>
<ROW>
<CELL>24th of <HI>June,</HI> at</CELL>
<CELL>27</CELL>
<CELL>6</CELL>
</ROW>
<ROW>
<CELL>29th of <HI>September,</HI> at</CELL>
<CELL>27</CELL>
<CELL>&nbsp;</CELL>
</ROW>
<ROW>
<CELL>25th of <HI>December,</HI> at</CELL>
<CELL>26</CELL>
<CELL>6</CELL>
</ROW>
<ROW>
<CELL>25th of <HI>March,</HI> 1698. at</CELL>
<CELL>26</CELL>
<CELL>&nbsp;</CELL>
</ROW>
<ROW>
<CELL>24th of <HI>June,</HI> at</CELL>
<CELL>25</CELL>
<CELL>6</CELL>
</ROW>
<ROW>
<CELL>29th of <HI>September,</HI> at</CELL>
<CELL>25</CELL>
<CELL>&nbsp;</CELL>
</ROW>
</TABLE></P>
<P>The Method for &s;ettling the Silver-Coin of this Nation, and for the Increa&s;e and Plenty thereof to be pre&s;erved, will be by reducing its Value; which may be ac|compli&s;h'd in Two Years. And the fir&s;t Year, without any Charge, all the Mill'd Mony and Large Old Mony, of full Standard, being new-coin'd, with the Allowance of Ten Pound <HI>per Cent.</HI> to &s;uch as bring in their Mony, will do; as for Example;
<TABLE>
<ROW>
<CELL ROLE="label">Standard for Old Mony.</CELL>
<CELL ROLE="label">Standard for the New.</CELL>
<CELL ROLE="label">The allowance of 10 <HI>l. per cent.</HI></CELL>
<CELL ROLE="label">The Over-plus.</CELL>
<CELL ROWS="3"><NOTE PLACE="marg">1 Ounce is 20 Peny-weight, and 1 Peny-weight is 24 Grains.</NOTE></CELL>
</ROW>
<ROW>
<CELL>5 <HI>s.</HI> is 19 <HI>d. w.</HI> 12 <HI>gr.</HI></CELL>
<CELL>to be 16 <HI>d. w.</HI> 0 <HI>gr.</HI></CELL>
<CELL>is 2 <HI>d. w.</HI> 0 <HI>gr.</HI></CELL>
<CELL>1 <HI>d. w.</HI> 12 <HI>gr.</HI></CELL>
</ROW>
<ROW>
<CELL>2 <HI>s.</HI> 6 <HI>d.</HI> is 9 <HI>d. w.</HI> 18 <HI>gr.</HI></CELL>
<CELL>to be 8 <HI>d. w.</HI> 0 <HI>gr.</HI></CELL>
<CELL>is 1 <HI>d. w.</HI> 0 <HI>gr.</HI></CELL>
<CELL>0 <HI>d. w.</HI> 18 <HI>gr.</HI></CELL>
</ROW>
</TABLE></P>
<P>And in proportion for &s;maller Coin.</P>
<P><HI>Note,</HI> All the Old Coin being thus <GAP DESC="illegible" RESP="MURP" EXTENT="1 letter">educed, there remains 36 Grains, being one Penny-weight and an half, which is full Seven Pounds ten Shillings <HI>per Cent.</HI> which may lye in Bank towards the making good Clipt Mony, when coin'd.</P>
<P><HI>Note al&s;o,</HI> That there is abundance of Old Clip'd Mony, and likewi&s;e Old Mony, that is not Clip'd, which, weigh'd together, will hold the New Standard without Lo&s;s.</P>
<P>So that when all this Coin, which is now hoarded up, being thus reduc'd, it will appear that all the Small Clip'd Mony, which no Per&s;on have or will lay up, will be found to be but of &s;mall Quantity, in compari&s;on of the whole Coin in the N<GAP DESC="illegible" RESP="MURP" EXTENT="1 letter">|tion, and a &s;mall Tax will make it good; unle&s;s being thus reduced, we may be in danger of lo&s;ing the greate&s;t part of the Silver Coin during the War.</P>
</DIV1>
<DIV1 TYPE="docket title">
<PB REF="2">
<P>Reduce Guineas, And &s;ettling the SILVER COIN.</P>
</DIV1>
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