502371
The late Laws about yethe Coynage.
On
On or before Feb. 1 1695 one or more of yethe LdsLords of the TrearyTreasury to cause
all yethe clipt money (stingandard or of coursercoarser allay) in the exchequer, that of every branch
apart, to be told, &weighed, melted into Ingots, assayed & sentethe
ced to standard & coyned & paid back to yethe ExcheqrExchequer upon the several changes, de
ducting only the charges of coynage (not exceeding 14d ꝑper lwtpound weight) & melting &
refining, & the tale of yethe new money paid back upon every branch to be
registred that yethe Deficiency between that & yethe deficien tale of yethe clipt money
may be known in order to make it good by ParliamtParliament. The Receivers to receive
all clipt money (standard or of coursercoarser allay & not plated or washed over) by tale till May 4 1696, & yethe Tellers
in yethe ExcheqrExchequer to receive yethe same & also all loethe like money till Iune
4 1696, & one or more of yethe LdsLords of the Treasury shall once or oftener e
days cause it all to be melted down into Ingots (
sent to yethe Mint by Indenture expressing the weight & fineness of every ethe branch
to wchwhich it belongs, to be there coyned & paid back weekly as above, & yethe tale
registred in yethe ExcheqrExchequer ytthat yethe Deficiency may be known. 7 Gul. I
Such Mints as his MajtyMajesty shall erect in yethe country not being less ynthen
four to be under yethe methods & directions
All unclipt money to be punched through before Feb. 10.
KioOfficers injuring any person to make double satisfaction.
In every 100lb there shall be 40℔ there & 10℔ in sixpences besides small money
money of 20lb ethe MrMaster & Worker for every offence, one to yethe K.King yethe other to yethe Informer
Sixpences not clipt within yethe inner ring being sterling, not prohibited currency. 7 Gul. I
A Duty yefarly of 2s on every house + 4s on every house wthwith 10 windows + 4s on every house wthwith 20 windows payable by yethe Tenants & occupiers or inhabitants for 7 years from Mar 25 1696 half yearly, the 1st paymtent to begin Sept 29 1696. Iustices of Peace CommissrsCommissioners for yethe last 6 years. After Iune 24 1696 loans allowed not exceeding 1200000℔ at 7 per cent for yethe 1st moiety & 8 ꝑper cent for yethe last & taxfree. All the money so raised upon Loans or otherwise by this Act (excent interest & repaymtrepayment of Loanes & Salaries &c) shall be applied to make up yethe Deficiency between the clipt & the new money of every branch. 7 & 8 William. pag 419.
Plate Wrought Plate or other manufactured silver imported from May 4 to Novem 4 1696 into any of yethe Mints to be there melted down reduced to standard recoyned & repaid standard weight for standard weight according to yethe course of yethe Mint without any deduction for charge of coynage. The Master to give Bills of receipts denoting the weight fineness & value thereof wthwith yethe day & order of its delivery into yethe Mint And upon producing the Bill to yethe Auditor of Excheqr.Exchequer it shall be entred in yethe Receipt of ExcheqrExchequer & an Order shall be delivered to drawn for paying the Importer a reward of 6d ꝑper ozounce sterling out of such funds as are setled by ParliamtParliament for supplying the deficiencies of clipt monies. Inns Alehouses Taverns Victualling houses prohibited wrou wrought Plate (except spoon) upon pain of forfeiting the same to him that shall sue for it. Presses called in wchwhich may be used in coynage & Presses for coynage prohibited upon pain of forfeiting 500℔. Clipt moneys brought in before May 4 upon yethe hereditary Excise on liquors or yethe Excise for life or Revenue by yethe Post office & payable on Tallies in coursecoarse & for yethe Interest thereof shall be carried by yethe CommrsCommissioners of Excise & RecrReceiver for yethe Post Office to yethe Excheqruer there melted down, recoyned at yethe Mint & returned to yethe ExcheqrExchequer (except the charge of melting refining & coyning) & sent thence to yethe CommrsCommissioners of Excise & RecrsReceivers of Post Office to be payd out &c & Accounts of the Deficiency or difference between the clipt moneys
&
& new moneys to be kept by CommrsCommissioners of Excise & RecrReceiver of the Post Office to be be made good at yethe publick charge.
Exportation of Bullion & currency of clipt money prohibited
Guineas after Apr 10 1696 at 22s a piece
The Master & Worker is impowered to imploy others instead of yethe Moneyers. 7 & 8 Gul. p. 622.
An oath that the manufactured orimported wrought Plate was importe manufactured on or before yethe 25th of March 1696, & imported wrought plate wchwhich was manufactured afterward to be forfeited to any one that shall sue for it 7 & 8 Gul. p 697.
From Novem 1695 Gold may be again received & coyned in the Mint but not by yethe Coynage Duty except for yethe African company. One or more Mills or& Presses to be set apart for ☉ & the courses of ☉ & ☽ to be kept apart 8 Gul. pag 4.
All hammered money clipt or unclipt, imported from Novem 4 1696 to Iul 1 1697 into any of yethe Mints, to be there received by the Mints at yethe rate of 5s 4d ꝑper ozounce Troy. All yethe Kings Receivers & Collecters from Nov 14 1696 to Feb 1 ensuing to receive Loane & arrears of aids & Taxes due before Feb. 1 & further to Iune 1 all future Aids Taxes & other Revenues & Duties at 5s 8d ꝑper ozounce And after Dec 1 no hammered silver to be current but by weight at 5s 2d per ozounce. Yet moneys received by tale by any Collecteor before Nov. 18 may upon yethe Oath of yethe Collector be paid to Receiver till Dec 18 & by yethe Receiver ( & (upon his oath) into yethe ExcheqrExchequer till IJan 10. And all the hammered money brought into the ExcheqrExchequer upon any account whatever shall by direction of yethe Lords of the Treasury be melted down from time to time & sent to yethe Mint or Mints to be coyn reduced into sterling & coyned & the new money (except the charge of melting & coyning shall be returned into yethe ExcheqrExchequer & placed to yethe branches it proceeded from. And all money received in Taxes & LonesLoanes at 5s 8d ꝑper ozounce shall be carried to yethe next adjacent Mint & there coyned before it be brought into yethe ExcheqrExchequer. How Tthe hammered money raised in Herefordshire for making navigable yethe Rivers Wye & Lugg too be paid at 5s 8d ꝑper ozounce to yethe RecrReceiver GenlGeneral & coyned. 8 Gul. 3 pag 3.
A Duty upon Paper Pastbawn Vellum & parchment for two years commencing from Mar. 1 1696, towards paying the 5s 4d ꝑper ozounce (allowed for the former Act) for hammered moneys & making good the Deficiencies of Loanes in the in hammered money recoioccasioned by recoyneding thereof & for paying the allowance for wrought plate & for bearing the wast & charges of (receiving melting refining &) coyning the said hammered money & plate. Moneys not exceed 125000℔ may be lent upon this Act at 8 ꝑper cent. The Master & Worker in receiving hammered money at 5s 4d per ounce shall separate & cut in pieces all base & counterfeit monies & return such pieces to the bringers thereof & weigh the residue & compute the same at 5s 4d ꝑper ozounce & the proper Officers & Clerks of yethe Mint shall enter the same in Day books according to the couurse of the mint, specifying the names of the Importers, the date or times of Importation, the weight & quantity imported & the amoutamount thereof at yethe said rate of 5s 4d ꝑper ozounce, & the Master & Worker shall
give503
a receipt thereof specifying all the said particulars, & out of the money arising by this Act shall defray the necessary charges of receiving, melting down, refining & recoyning the said hammered monies so imported at 5s 4d ꝑper ounce & yethe wast incident thereunto & also pay back in new money 5s 4d ꝑper ounce in due course of the Mint
And in like manner the MrMaster & Worker is to receive of the Kings receivers the hammered silver monies of the Taxes or Revenues, to separate & cut in pieces all base or counterfeit monies & return such monies to yethe bringers thereof & weigh the rest & compute it at 5s 8d per ounce & enter it in Day books according to yethe course of the Mint specifying the names of the respective Receivers bringing the same & the day or time of its importation & yethe weight & quantity & amount thereof at 5s 8d per ounce & the Revenue or Tax to wchwhich it belongs & to give the Receiv Importer a Receipt thereof specifying all the aforesaid particulars, & to cause the same to be melted assayed & reduced to standard & the standard weight thereof entred in books, & the same standard weight to be recoyned & all the new moneys proceeding from yethe said silver to be paid back except exceptexcept the necessary charges of receiving melting down refining & coyning the same & the wast thereunto incident, unto the respective Importers who in their accounts to yethe King shall be allowed the deficiency occasioned by recoyning the same, that is to say the Difference between the summ of yethe hammered money brought into the Mint computed at 5s 8d per ounce & the summ in tail of the new money from received back from the Mint.
Vndue preference how punished
The Master & Worker may use the Melting house in Westminster
Inferior collectors to pay their money to their respective Receivers generall to be carried into yethe next adjacent Mint
If more money then 125000℔ arise by this Act the surplus to be kept in the ExcheqrExchequer to be disposed of by Act of ParliamtParliament. 8 & 9 Gul. p. 143.
Extracts out of the acts of PartParliament relating to the great recoinage