Representations on the Subject of Money
Sep 2020 · Library of Alexandria
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ACCORDING to your Lordship’s Order, signified to me by Mr. Secretary Harley, in his Letter of February 26th last, I have considered the Letter of his Grace the Duke of Ormond, Her Majesty’s Lieutenant General and General Governor of Ireland, sent to your Lordship, together with the Representation sent to his Grace from the Lords of Her Majesty’s Most Honourable Privy Council of that Kingdom, mentioning a late Proclamation for making current in that Kingdom some Pieces of Foreign Gold and proposing to make current there, by further Proclamation, several other Pieces of Foreign Gold therein named, to prevent the Counterfeiting thereof: and as to the Value of the Pieces, I humbly represent, that the Spanish Pistoles, one with another, as they are brought hither by the Merchant, weigh 103 Grains each at a Medium, and are in Fineness half a Grain worse than Standard, and after the Rate that a Guinea is valued in England at 1l. 1s. 6d. are here worth 17s. 1d. and in Ireland, where the Silver Money is raised a Penny in the Shilling, if the Gold be raised in the same Proportion, become worth 18s. 6d. And in Proportion to the Quadruple Pistole weighs 412 Grains, the Double Pistole 206 Grains, and the Quarter Pistole 253/4 Grains: But in the Representation the Quadruple Pistoles are said to weigh 408 Grains, the Double Pistole 204 Grains, and the Quarter Pistoles 25 and an half Grains, whence I gather, that in the former Proclamation the Weight of the Pistole was but 102 Grains, which is a Grain lighter than the just Weight, this Grain, as I conceive, being abated to give a legal Currency to such lighter Pieces as want not above a Grain of their just Weight; and upon this Consideration the Quadruple, Double, and Quarter Pistoles may be put in Weight and Value as is expressed in the Representation; and so may the Double and Quarter Luidores, they being of the same weight, Fineness and Value with the Double and Quarter Pistoles.
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March 27, 2020
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