r being coined with so great an _Allay_ as will prevent its
being exported, will in a short Time cause a Currency of _Cash_: The
_Gentry_ will not hoard it; whereby _Traders_ will be better paid, and
our _Manufactures_ encourag'd, and carry'd on to a greater Degree.

I remember when there was a great deal of _Clipt_ and _Counterfeit
Money_, and very Plenty of both, that every one that had either a
Counterfeit Piece, or Money that was cut very small, always studied what
to _buy_ with it, that they might pass the one away, or part with the
other.

The Difference to the _East-India_ Company, in buying _Bullion_, or
_Pieces of Eight_, in _Holland_, is Seven or Eight _per Cent._ more than
what it stands them in when they can be supply'd with it at Home; and if
they were prohibited the _Exportation_ of _Bullion_ from _Foreign
Countries_, and suffer'd to export our own _Coin_, or such Ingots as
shall have the _Tower-Mark_, our _Government_ would have the Advantage
which the _Dutch_ now gain, and no Loss to the _East-India_ Company. For
it will be then equally the same to them, whether they export it from
hence, or from _Holland_, to _India_.

There is no other Way of preventing our _Bullion_ and _Silver_ being
carry'd out of the Land, but by the Prohibition of the one, by paying a
Difference to the _Government_; _viz._ such a Difference as comes pretty
near to what is lost by _Remittances_; and suffering the other (_viz._
our _Crowns_ and _Half-Crown Pieces_, coin'd with a proportionable
Allay) to be exported. All which would help to pay off the _Nation's
Debts_, and make us a Flourishing People.

Our _Half-Crowns_ and _Crowns_ being recoined to such a Standard, I say,
would be of equal Advantage to the _East-India_ Company, whether they
exported _Bullion_ or _Pieces of Eight_, from hence or from _Holland_:
For by the Bank of _Holland_, or rather _Amsterdam_, all _Exchanges_ are
chiefly govern'd; and as the _Hollanders_ are the nearest concern'd with
us in _Trade_, so by them we are to regulate and proportion the
Difference between our _Bank-Money_ and our Current Cash.

* * * * *

The Bank of _England_ is establish'd upon the Standard of our present
_Coin_: Let it so remain, till the _Government_ sees fit to alter, or
pay them off; and let _Bills of Exchange_ be paid _in Banco_, or, if
they so please, in Current Cash; the Difference or _Agio_ to be allow'd
in like manner as they do in _Hol