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The fineness of gold & silver is generally estimated by the assay & bought & sold by this estimate, & gold wch is 24 carats fine & silver which \upon the assay is {sic}/ is 12 ounces fine is reputed by Assaymasters \Goldsmiths & Merchants fine Gold & fine s/ fully fine. And indented standard triall pieces are by law to be {illeg}|m|ade of 22 car\a/rats of fine gold & two carats of allay, & of 11 ounces 2dwt of fine silver & 18dwt of allay. And|But| \yet/ some Refiners have of late found out a way{s} of refining gold & silver to a higher degree then 24 carrats |& twelve ounces fine, & may find out ways of making them still finer.|

| Qu? 1.| Whether there should be one common standard \fineness/ of fine gold & one of fine silver in all great Britain for setting a value upon all gold & silver in buying & selling, in coining of money, & in making of plate? And what is that standard fine{s}|n||ess| according to law? Or \may/ it be setled by her Maty in Council{?}

|Qu? 2.| Whether for this end her Maty may appoint standard trial pieces to be made of such fine gold as proves just 2{2}|4| carats fine upon the assay notwithstanding & of such fine silver as proves just 12 ounces fine upon the assay, notwithstanding that gold & silver may by any new art be refined to an higher degree? Or what is the standard of fine gold & fine silver according to law?

|Qu? 2|3|.| Whether for keeping constantly to a standard, her Maty may direct that a piece of the fine gold of wch the next standard trial pieces shall be \duly/ made be kept in the Exchequer for determining with more exactness the fineness of the fine gold & fine silver of which all trial pieces shall be made for the future.

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Professor Rob Iliffe
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Scott Mandelbrote,
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Faculty of History, George Street, Oxford, OX1 2RL - newtonproject@history.ox.ac.uk

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