Primary tabs
Transcription
[Page 1]
Silver Coins
3 Silver coins to be struck
1 of the nominal value of 25 ones or farthings one more than sixpence
1 of the nominal value of 5 ones or farthings ½ more than a shilling
1 of the nominal value of 100 11d less than 2s/ & /5d less than ½ a crown
The standard to be altered & for the future to be 9/10 silver & 1/10 alloy
Neither the national envoy or the Crown to be on the obverse but the value of each coin in ones to be placed in the exergue of the Reverse
These coins to be legal tender for sums less than 20 Georges & for no larger sums
The nominal value of these coins to be more than the value of the silver they contain by the amount cost of workmanship & one perct of which less a fund to be found for defraying the incidental expenses of the mint such as prosecuting counterfeiters of coin, all excess of this fund to be applied to the charges of coining gold.
The alteration of the standard of silver will destroy the greatest part of the temptation of workers in silver to melt silver coins for as the standard of silver plate will remain unaltered coin if melted for use must be refined to Plate standard it will therefore be as cheap to purchase silver of a Proper standard from the Refiner This precaution therefore added to that of making its nominal value greater than its real it is presumed effectively protect it both from melting & expectation of alloy will make the coins nearly as large as they now are.