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[Page 4]
few Englishmen are aware how Easily this may be done by assuming the farthing as the money monetary unit, in which are the following in this way set of Tokens of recoining will answer this very important purpose.
One piece of 20 farthings or 5/ [pence]
One piece of 50 farthings or 1.0½ [shillings]
One piece of 100 farthings or 2.1. [in?] Kangaroo
nearly be a Sufficient Issue
10 of these last will be Twenty Shills &10 pence very near a Guinea.
They ought to be Struck in Silver & if the Dollar Standard is assumed they Cannot in any Shape interfere with the present arrangement of British Coin. They ought also be Rather lighter than their Real value Sufficiently to defray the expence of Coinage but not Light Enough to tempt the Birmingham artists to supply the Colony with Counterfeits.
To this should be added the Establishment of a Government Bank of exchange upon a Principle Somewhat similar to that of Amsterdam & Hamberg where no Bank notes are present but not for the Issue of Bank notes as in a Bank of Circulation but with Permission sllownce is Given to those who Lodge money with the Bank to Draw upon it the Balance of their account in Favor Either to Bearr or holder of the Bearer.
Consequently if A. who has credit for money paid by him into the Bank, owes money to B. he may give to B a note for for the amount of his debt which B or any holder of it to whom B may have paid it away may Bring to