nage at his Majesty's
Mint at the Tower of London, costs per pound
weight 1 6
Coinage of one pound weight 3-1/2
Waste and charge of re-melting 1
Yearly payment to the Exchequer and Comptroller 1
Allowed to the purchaser for exchange, &c. 5
Total charge 2 4-1/2
"So that the patentee," he concludes, "makes a profit of only 1-1/2_d._
in the half crown or about 5%."
The tract, however, is more interesting for the reprint it gives of the
twenty-eight articles stated by the people in objection to the patent
and the coin. I give these articles in full:
IRELAND'S CASE HUMBLY PRESENTED TO THE HONOURABLE THE KNIGHTS, CITIZENS,
AND BURGESSES IN PARLIAMENT ASSEMBLED
MOST HUMBLY SHEWETH,
Whereas your Honours finding the late Grant or Letters Patents obtained
by Mr. William Wood, for making Three Hundred and Sixty Tun weight of
copper half-pence for the Kingdom of Ireland, were to be manufactured in
London &c. which money is now coining in Bristol, and that the said
money was to weigh two shillings and sixpence in each pound weight, and
that change was to be uttered or passed for all such as were pleased to
take the same in this Kingdom.
That it's humbly conceived Your Honours on considering the following
Remarks, will find the permitting such change to pass, exceeding
Injurious and Destructive to the Nation.
First. That the same will be a means to drain this Kingdom of all its
Gold and Silver, and ten, fifteen, or twenty per cent abated, will most
effectually do the same.
2d. That the making such money in England will give great room for
counterfeiting that coin, as well in this Kingdom, as where it is made.
3d. That the Copper Mines of this Island which might be manufactured in
the nation, is by management shipped off to England by some persons at,
or about forty shillings per tun, by others at four pounds and six
pounds per ton, which copper when smelted and refined is sold and sent
back to this kingdom at two shillings and six pence per pound weight as
aforesaid, which is two hundred and eighty pound sterl. per ton.
4th. That two shillings and sixpence per pound weight is making the said
coin of very small value, the said coin ought not to weigh or exceed two
shillings in each pound weight as the English Halfpence are
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