[1706/10/352]*[print] [email] [cite] [preceding] [following]
Her majesties' high commissioner and the estates of parliament, haveing considered the report of the committe anent the coyne, they doe approve thereof in the terms following and order and appoynt that for changeing the coinage of the current money in this kingdome, the commissioners of the equivalent shall be ordained, howsoon ever the sums for the equivalent shall be lodged in their hands, to receave all sums of money consisting of money that have past the mint of this kingdome, and all forreigne species at the rates the same are now current within this kingdome, except English money, and shall immediatlie cause pay out of the equivalent of English money at fyve shillings per croune the equall sum in tail to what was payed in of the forsaid money presentlie current in Scotland to the persone who payed in the said Scots money, and that immediatlie without loss, delay or defalcatione. And for makeing up the loss which privat persons may sustaine by the English money as now current in this kingdome, when the same shall be reduced to the standard of England at fyve shillings per croune, order and appoynt that the lords of her majesties' privie council doe name and appoynt particular persones, at such pairts and places of the kingdome as they shall think fitt, before whome all persones are by proclamatione to be required to compear upon one and the same day, and there tell doune, in presence of the said persones one or more to be named by the said proclamatione, what English money they have, which, being soe enumerated, the persons soe to be named to seall the same and detaine it in his presence till six acloak at night that day, and immediatlie to deliver back the same to the ouner, with a declaratione signed by him, before tuo witnesses, bearing the sum exhibited and enumerated, togither with the sum payed out by the pairtie to the teller, effeering to tuentie pence upon each hundered pound sterline. And the forsaid respective persons to be named by the saids lords of privie councill are likeways to writ doune ane exact accompt of the respective certificats granted by him or them, and of the persons names to whome and the sums that shall be therein contained, and which accompt subscribed under his hand that same day before tuo witnesses, he is to be ordained to send to the clerks of privie councill, under the penaltie of fyve hundered merks, and the proclamatione to be published upon the premises. [Also] is exppresslie to discharge, under a sever penaltie such as the paine of forgerie or other pains, the receaving any other money in upon any other day after the precise day to be appoynted by the privie councill, or altering any certificats formerlie granted, and is to bear ane express clause dischargeing the English money to pass at any higher rate then it is in England at fyve shillings per croune and soe proportionallie; and that it be noe otherways current nor offered nor receaved in payments after the said day, and that the said certificats to be granted by the said respective persones to be named by the privie councill shall be a sufficient title for recovering the loss aryseing from the sums therein contained with what they payed out to the teller out of the equivalent, and the commissioners of the equivalent are to be expresslie ordained to pay out the same to the bearer of the certificats without delay, loss or defalcatione, and that the said proclamatione be published onlie a few days before the said precise day above mentioned to be affixed for telling the money, as the lords of privie councill shall think fitt. And that the loss to be made up be onlie for the silver coinage but not the loss upon guineas. And doe hereby remitt to the lords of privie councill to emitt the said proclamatione, in such terms and with such orders, and appoynting the execution thereof after such method and manner as they shall think proper.