A proposal concerning the coin Neale, Thomas, d. 1699? 1695 Approx. 4 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2004-03 (EEBO-TCP Phase 1). A52732 Wing N348 ESTC R216419 99828150 99828150 32577 This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This Phase I text is available for reuse, according to the terms of Creative Commons 0 1.0 Universal . The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission. Early English books online. (EEBO-TCP ; phase 1, no. A52732) Transcribed from: (Early English Books Online ; image set 32577) Images scanned from microfilm: (Early English books, 1641-1700 ; 1856:05) A proposal concerning the coin Neale, Thomas, d. 1699? 1 sheet ([1] p.) s.n., [London? : 1695] Signed at end: T.N., i.e. Thomas Neale. Imprint from Wing. Reproduction of the original in the Goldsmiths' Library, University of London. Created by converting TCP files to TEI P5 using tcp2tei.xsl, TEI @ Oxford. Re-processed by University of Nebraska-Lincoln and Northwestern, with changes to facilitate morpho-syntactic tagging. Gap elements of known extent have been transformed into placeholder characters or elements to simplify the filling in of gaps by user contributors. EEBO-TCP is a partnership between the Universities of Michigan and Oxford and the publisher ProQuest to create accurately transcribed and encoded texts based on the image sets published by ProQuest via their Early English Books Online (EEBO) database (http://eebo.chadwyck.com). 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Keying and markup guidelines are available at the Text Creation Partnership web site . eng England and Wales. -- Public General Acts. 7 Wil.III.c.1 -- Early works to 1800. Coinage -- England -- Early works to 1800. Coinage -- Economic aspects -- Early works to 1800. 2003-12 TCP Assigned for keying and markup 2003-12 Aptara Keyed and coded from ProQuest page images 2004-01 Mona Logarbo Sampled and proofread 2004-01 Mona Logarbo Text and markup reviewed and edited 2004-02 pfs Batch review (QC) and XML conversion A Proposal concerning the COIN . THE best Expedient to hinder ( as the Proposer conceives ) the going out o● our Silver whilst we have any Gold , is to make it the Interest of those that deal in them , both to melt down and export as well the one as the other , ( if they may not be Exported in Coin ) for melted down and Exported they 'l be , let what Law soever be made to the contrary , unless the Occasions beyond Sea can otherwise be better supply'd . For the Explaining whereof , such Gentlemen as do not yet know it , may by this be informed , that in the Spanish Dominion , whence most of the Gold and Silver does come , and where for that Reason the Proportion in value is originally set , and must through the rest of the World be allowed , is as 16 to 1 , and so 4 Guinea's coined at 20 s. each , ( as they are in this Kingdom ) comes to 4 l. Sixteen Crowns coin'd at 5 s. each comes to 4 l. So 16 Crowns is equal to 4 Guinea's . Now suppose 4 Guinea's coin'd of the same weight they now are , should by Authority be reckon'd at 1 l. 4 s. apiece , they come to 4 l. 16 s. Sixteen Crowns coin'd at 5 s. if made by Authority to pass for 6 s. then 16 Crowns comes to 4 l. 16 s. Which makes the Par equal betwixt Silver and Gold , which always will have , as it ever has had for convenience 18 d. or 2 s. still running upon it , so Guinea's as aforesaid , set at 24 s. will have the Currency of 25 s. 6 d. or 26 s. Now against this 't will be said , T is Raising the Standard setled by an Act of this Sessions upon mature Reasons . 'T is not altering the Standard , for that however continues ; 't is only giving a Currency to Silver and Gold , as above exprest , for Publick Convenience , 'till otherwise provided by Parliament . And as to the Reasons ( 't is confessed ) that have been strongly urged to the contrary , they are to be answer'd by common Convenience , and the word Necessity , against which no Law ever did or ought at any time at all to prevail . As to the Convenience the Publick will reap , Note , 100000 l. this way pays 120000 l. at present , of which the Publick will have the Advantage , and if at any time hereafter it should be found needful to Reduce the same Crowns to 5 s. again , 't will be then but paying 12 d. apiece to every Person possest of such Crowns of which the Publick as had the use in the mean time , so it may the better by the Publick be repaid . And note also , The Re-payment of the Shilling so to be hoped for on the Crowns , will hinder their either being melted down or Exported , it being to be lost if they be . As to the Necessity , 'T is agreed on all Hands , that whilst Gold goes for more than 't is worth , and Silver for less , the one will be hoarded or carried away , and the other left to go by it self . This further Satisfaction 't will give , To Farmers and others actual Possessors of Land in the Country , 't will keep up the Price of their Commodities , viz. of Wooll , Cattle , Corn , Tinn , Lead , &c. to their general Satisfaction , because they will be thereby enabled the better to pay their Rents to their Landlords , who for that Reason 't is hoped and believed , will have very little Cause to complain . Note , What is before Proposed is no way Repugnant to the late Vote , That Guinea's shall not be taken or paid at above 28 s. and may yet be Enacted this Sessions ( as 't is humbly conceived ) if so be that it is but approved . T. N.