172247
In the course of Exchange, nine pounds sterling are
recconed at a par with 100 Gilders specie money of Holland,
or 1li with 11 Gildrsers 2$\frac{2}{9}$ Styvers. But 1li sterling lately
passed in Holland only for 10 Gilders & 9 or 10 styvers, or
at a medium for 10 Gildrsers 9$\frac{1}{2}$ Styvers. The defect is 12$\frac{13}{18}$
Styvers, whereof her MajtyMajesty allowed to the forces in
Flanders 5$\frac{1}{2}$ Styvers, wchwhich is almost one half of the defect
or loss by the exchange.

The par between English & French money isof notthe
new species is not yet setled by the course of the
Exchange: but by weight & assay I find that an unworn
French crown piece of the new species wchwhich passes at
Dunkirk & in France for five Livres is worth 5s 1d
sterling. And at this rate 20s sterling are worth 19
livres 13$\frac{27}{61}$ sous. But 20s sterling pass at Dunkirk for
only 17 livres. The defect or loss is 2 livres 13$\frac{27}{61}$ sous
to be divided between her MatyMajesty & the forces. And as
12$\frac{13}{18}$ styvers to 5$\frac{1}{2}$ styvers, so are 2 livres 13$\frac{27}{61}$ sous to
23 sous, her MajtsMajestys proportional part of the defect:
wchwhich added to 17 livres the current value of 20s sterling
at Dunkirk, makes her MajtsMajestys allowance 18 livres 3 sous
for 20s sterling, recconing a French crown new species at 5 livres. But her MajtyMajesty may alter the proportion at pleasure & make the allowance in a rounder number.
When nine pounds sterling are recconed at a par
wthwith 100 Gilders as above the specie money of Holland
is overvalued by about 3$\frac{1}{4}$ per cent:. For the thre–e Gilder piece unworn is worth only 612$\frac{3}{4}$ pence sterling by the
weight & assay. And thence nine Gilders pounds sterling
are worth intrinsecally worth about 103$\frac{1}{4}$ Gilders. And
one pound sterling which lately passed at about 10 GGilders 9$\frac{1}{2}$ ststyvers is worth 11 $\frac{\mathrm{}}{\mathrm{}}$ Gilders 9$\frac{4}{9}$ styvers. And then the
loss by the exchange is about a Gilder, whereof her MatyMajesty bare
only 5$\frac{1}{2}$ styvers, wchwhich is about a quarter of the whole loss. And
according to this proportion her MatyMajesty should beare but about
a quarter of the loss by the exchange at Dunkirk., wchwhich is about 14 or 15 sous. But the rules of the Exchange where they
are setled beingare being generally followed, I presume it might be her
MatsMajestys intention to beare about one half of the loss by the
exeangeexchange in Holland, as in the recconing first set down in this paper.