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[Page 3]
of Weight & insurance & the difference between the Sterling & Current value of money upon this double invoice they then levy their Profit according to the Customs of others that trade in the same articles or such agreement as they can make together which is often 150 Per Ct hence it is that no benefit will be derivd by those who Carry charge out the Bullion into Coin at a current value as the articles for which it must be exchanged have a Price had upon them in Proportion to the difference between sterling & Current value or indeed in a much higher Proportion
The act of the Virgin Islands & St Kits Passd on Feb 1807 & disallowd by the P.C. order 16 of Augt 1802.
Proclamation recommended by by the Council on the subject of this disallowd act.
See Dr Merchant the author of the Report &c.
Government instructions relative to Coins & Circulation
Market Price of Gold & Silver for Price Current from whence is the Gold to be imported Page 10.