Contents
Recommend devaluation of the English pistole to discourage the import of French ones, citing the devaluation of Scottish coinage four years previously as a precedent. Warn that silver coin is of less intrinsic value than silver bullion, a situation which should be reversed.
Related Material
Draft of PRO, Mint 1/8, p. 25 (dated 20 January 1700/1 and printed in Horton, Silver Pound, 261-2). This version printed in NC, 4: 352-3.