Proposals humbly offered to the honourable house of commons first, for a way, or method, to procure bullion. Secondly, that His Majesty, and subject, will be gainers thereby. Thirdly, that it will highly tend to the good of trade, and commerce in general, during the time the moneys shall be re-coining. Which are as follows, (viz) R. B. 1696 Approx. 6 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2009-10 (EEBO-TCP Phase 1). A27258 Wing B169 ESTC R219345 99830823 99830823 35277

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Early English books online. (EEBO-TCP ; phase 1, no. A27258) Transcribed from: (Early English Books Online ; image set 35277) Images scanned from microfilm: (Early English books, 1641-1700 ; 2047:5) Proposals humbly offered to the honourable house of commons first, for a way, or method, to procure bullion. Secondly, that His Majesty, and subject, will be gainers thereby. Thirdly, that it will highly tend to the good of trade, and commerce in general, during the time the moneys shall be re-coining. Which are as follows, (viz) R. B. 1 sheet ([1] p.) s.n., [London : 1696] Imprint from Wing. Signed at end: R.B. Reproduction of the original in the University of London.

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eng Coinage -- England -- Early works to 1800. Money -- England -- Early works to 1800. 2008-07 Assigned for keying and markup 2008-08 Keyed and coded from ProQuest page images 2008-09 Sampled and proofread 2008-09 Text and markup reviewed and edited 2009-02 Batch review (QC) and XML conversion
PROPOSALS HUMBLY OFFERED to the Honourable Houſe of Commons, Firſt, For a WAY, or METHOD, to procure Bullion. Secondly, That His Majeſty, and Subject, will be Gainers thereby. Thirdly, That it will highly tend to the Good of Trade, and Commerce in general, during the time the MONEYS ſhall be Re-Coining.

Which are as follow, (viz)

IT is Humbly PROPOSED, that, towards regulating, and making a New COIN, Silver be reduced, and brought to Five Shillings per Ounce: And by way of encouragement to the Subject, for bringing in their Plate to be Coined; which I Humbly Conceive the only way to procure a ſpeedy Supply of Bullion at this Neceſſitous Juncture.

THE Government, by way of Encouragement, allowing Ten Pounds Intereſt, for Eighteen Months, for One Hundred Pounds value of Plate, to be brought in to be Coined; and ſo in proportion for a greater, or leſſer Sum; and His Majeſty to have the uſe of the Money, as the ſame ſhall be Coined; which may (in a great meaſure) be compleated in Six Months, and will bring a ſpeedy Supply, by making daily Payments, ſo ſoon as the ſaid Money ſhall be Coined; which Money will Circulate amongſt the Subject, and, at the ſame time, anſwer His Majeſty's preſent Occaſions.

AND by way of further Encouragement to thoſe, who ſhall bring in their Plate, at the time of weighing, and delivering the ſame, in order to be Coined, there may be Bills, or Notes, advanced by the Government; with the aforeſaid Intereſt allowed into the ſame: And the Bills, or Notes, (ſo advanced, being Stamp't or Marked, to prevent Frauds, or Counterfiting the ſame) be made, to paſs from Man to Man, in any Payment whatſoever, which ſaid Notes, or Bills, will ſupply the uſe of Money, by ſettling a Fund for that purpoſe, as a Security for the ſame; and ſupport, and carry on Trade, until ſuch time as the ſaid Eighteen Months ſhall be Expired, by which time, there may be Coin ſufficient to diſcharge the ſaid Bills, or Notes, otherwiſe, they may be continued for a longer time, as to Your Great Wiſdoms ſhall ſeem Meet.

AND the better to enable His Majeſty to pay the aforeſaid Intereſt, with Submiſſion to this Honourable Houſe, (I humbly conceive) there may be Two Shillings per Pound diſcounted out of the value of Coin, by leſſening it Six Pence in every Five Shillings; which Amounts to Ten Pounds per Cent, and will anſwer the Intereſt of the Ten Pounds per Cent allowed to thoſe Perſons, who ſhall bring in their Plate ſo to be Coined; and not only diſcharge the aforeſaid Intereſt ſo allowed, but (as I humbly preſume) will be a great, and the only means to keep our Money at Home: Which, ſhould Coin be made of the full value with Bullion, in caſe of a Riſe of Bullion, it will be in Danger of being melted, or carried abroad to ſupply a dearer Market: And, upon the aforeſaid conſiderations, 'tis to be hop'd, all people will readily bring in their Plate; which did not Coſt them above Five Shillings per Ounce, beſides the making, they having the preſent Advantage of uſing their Moneys, and receiving ſuch Large Intereſt for the ſame; which would otherwiſe remain in their hands as a Dead Stock and Charge.

IT is ſuppoſed, by moſt People, that the value of Plate, in this Kingdom, exceeds that of our Coin; and conſidering the great Numbers of Silver Tankards, and other Plate, in all Taverns, Victualling-Houſes, and Publick Houſes of all ſorts, there may be a ſufficient Supply from thence (without having regard to greater Quantities in Private Houſes) to Coin ſeveral Millions, when ſo brought in; beſides what will be brought in by private Houſes, under the Encouragements for that purpoſe. And Publick Houſes are very ſenſible their Plate is of great Diſadvantage to them, in many kinds, being glad to embrace ſuch an Opportunity as this may be, [if approved on by this Honourable Houſe] to diſpoſe of the ſame under ſuch Advantages, and for the preventing ſuch Miſchiefs as they have often met with.

BUT ſhould an Unwillingneſs appear in ſome Perſons, after all the Encouragements before premiſed, to bring in their Plate, (I humbly conceive) a Duty, or Tax, may be laid upon all perſons, as to this Honourable Houſe ſhall ſeem convenient, thereby to Obliege them to the ſame; Goldſmiths and Traders excepted, for the ſupply of their Shops and Trades: And the ſaid Goldſmiths and Traders to be limited from Buying, or Melting down any Old Plate, for the ſpace of Eighteen Months; which will invite all other perſons to bring in their Plate, to be Coined for the Uſe of the Government. And the Duty, or Tax, ſo laid upon thoſe who ſhall not bring in their Plate, 'twill be a help to Repair the Loſs, ſuſtained by Clipped and Adulterated Money.

R. B.