<142r>

To the Rt Honble the Lords Commrss of his Majties Treary.

May it please yor Lordps

In obedience to yor Lordps commands that we should give or opinion whether Pistoles ought to be valued in {illeg} {Marks}\England/ by comparing them with our \new coynd/ monies of due weight & fineness as we do Bullion or by comparing them with the current cash of the nation wch by wearing is grown lighter then standard we \have {are}\considered the matter &// humbly represent\represent/ \or opinion/ that the Par of Exchange between the monies of \two/ several nations is to be adjusted by considering\{considering}/ \considering/ the monies o{illeg}|f| both nations as {illeg}|Bu|llion witheld \& comparing them/ by the A weight & assay without any regard to the stamp of the monies or standard of either nation|.| b|B|ut in valuing the monies in the Markets of a single\one & the same/ nation (wch is the prsent case) the mon{illeg}|ey| of that nation wch have|ing| \there/ a currency by their\it/ stamp are\is/ not to be considered as bullion by|u||t| valued at what they were\it was/ coyned for altho by wearing they\it/ be grown lighter then standard,|.| because by their stamp they have a currency by their stamp. But And the monies of other nations wch have not \there/ a currency by their stamp are to be considered as bullion & valued only by their weight & fineness. And therefore Pistoles in {illeg}\therefore in ye/ markets \of England/ are to be value{sic}\considered/ as bullion \& valued/ {illeg}|by| comparing them with our own\English/ money of due weight & allay wthout making any allowance \or abatement/ for ye wearing of ye current cash\lightness/ of ye|or| coin by wearing.

In our last memorial we valued Pistoles \one wth another/ at 17{illeg}. 1d or thereabouts. This value we gathered from their weight & fin assays finding them one wth another to weigh 4dwt 714gr & to be worse then standard 13 of a grain or thereabouts. But |[|These assays were \made in the Mint/ of old Pistoles made \by or Assaymasters/ some years ago,|]| but by many assays made |ye| last week & this we find |[|that ye Pistoles lately coyned are of coarser allay \than the old ones so as {sic}/ so as to be about \23 or/ 34 of a grain worse then standard. And this brings down the value of Pistoles to 17s. {illeg}|&| 13 of a penny or thereabouts one with another.\one with another./ Certainly they are not worth \less than/ 17s. 1d. & they are worth above\& more then/ 17s|16s|. 11d12 If the \{a point}/ heaviest be culled out those may be worth 17s 1d12 but I reccon ym one with another as they go in the market \by tale/ without culling, {illeg} for if the heaviest be culled out those may be worth 17s 1d12 a piece or 17s 2d a piece, & if the lightest be culled out those may \not/ be worth 16s. {10}|11|d.

All wch we offer to yor Lordps consideration wth most humble submission to yor Lordps great wisdome.

<142v>

We have considered the matter & are humbly of represent that the question not being\being/ about ye value of money |(|not in ye exchange between \several/ nation|s| & nations but only|)| in ye markets of England, \{whe}/ the French & Spanish pistoles {wch} having {illeg}\ng/ currency have by vertue of {sic} their stamp are to be considered only as more bullion & valued by their weight & assay according to or standard without making any allowance or abatement considering the wearing of or own money {w} For or own moneys has|ve| \here/ a currency by {illeg}|their| stamp {illeg}|th|o not of due weigh{t} & finenes but forreign moneys have only a currency of|n|ly {illeg}|th|eir intrinsic value

We find \more exactly/ that Pistoles \one wth another are/ are worth we are\at least/ 12 a grain worse then standard & weigh only 4dwt 7gr16 as nearly as we can determin. According to wch recconing they are one wth another worth 17s & 715 parts of a penny

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Professor Rob Iliffe
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