Draft of legislation to recompense the Mint for the fact that the money coined from premium plate came to less than the amount spent on the plate: the shortfall is calculated at various figures from £1,813.0s.8d. to £5,168.6s.4d
And whereas upon the Address of the house of Commons made to her Majesty the last Sessions Her Majesty by her Warrant directed the Officers of the Mint to Receive Plate to be coined & for the receive Platesame after the rates of 5s 5d for Plate of the old standard 5s 8d for Plate of the new standard & 5 6 for uncertain plate reduced to standard which summs exceeded the moneys coined out of the said plate by the summ of 5178. 6. 4. Be it further enacted that the deficiency of 5178. 6. 4 together with all charges of melting refining & coining the said plate & all incident charges relating thereunto be paid out of the moneys given for coinage.
And whereas upon the Address of the House of Commons made to her Majesty the last sessions of Parliament, Her Majesty by her Warrant directed the Officers of the Mint to receive plate to be coined & to give Receipts for the same after the rates of 5s 5d per Ounce for Plate of the old standard, 5s 8d for Plate of the new standard & 5s 6d for uncertain Plate reduced to standard: Be it further enacted that the excess of the said rates above the moneys coined out of the said plate, together with all charges of melting refining & coining the sa{m}e, be paid out of the moneys given for coinage.
