On differences between the customary par and the current rate of exchange between English and French money at Dunkirk, and what proportion of the loss should be born by the Crown

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In the course of Exchange, nine pounds sterling are recconed at a par with 100 Gilders specie money of Holland, or 1li with 11 Gildrs 2$\frac{\mathrm{2}}{\mathrm{9}}$ Styvers. But 1li sterling lately passed in Holland only for 10 Gilders & 9 or 10 styvers, or at a medium for 10 Gildrs 9$\frac{\mathrm{1}}{\mathrm{2}}$ Styvers. The defect is 12$\frac{\mathrm{13}}{\mathrm{18}}$ Styvers, whereof her Majty allowed to the forces in Flanders 5$\frac{\mathrm{1}}{\mathrm{2}}$ Styvers, wch is a{illeg}lmost one half o{illeg}f the defect or loss by the exchange.

The par between English & French money isof notthe new species is not yet setled by the course of the Exchange: but by weight & assay I find that an unworn French crown piece of the new species wch passes at Dunkirk & in France for five Livres is worth 5s 1d sterling. And at this rate 20s sterling are worth 19 livres 13$\frac{\mathrm{27}}{\mathrm{61}}$ sous. But 20s sterling pass at Dunkirk for only 17 livres. The defect or loss is 2 l{illeg}ivres 13$\frac{\mathrm{27}}{\mathrm{61}}$ sous to be divided between her Maty & the forces. And as 12$\frac{\mathrm{13}}{\mathrm{18}}$ styvers to 5$\frac{\mathrm{1}}{\mathrm{2}}$ styvers, so are 2 livres 13$\frac{\mathrm{27}}{\mathrm{61}}$ sous to 23 sous, her Majts proportional part of the defect: wch added to 17 livres the current value of 20s sterling at Dunkirk, makes her Majts allowance {illeg}18 livres 3 sou{illeg}s for 20s sterling, recconing a French crown new species at 5 livres. But her Majty may alter the proportion at pleasure & make the allowance in a rounder number.

When nine pounds sterling are recconed at a par wth 100 Gilders as above the specie money of Holland is overvalued by about 3$\frac{\mathrm{1}}{\mathrm{4}}$ per cent:. For the thre– Gilder piece unworn is worth only 612$\frac{\mathrm{3}}{\mathrm{4}}$ pence sterling by the weight & assay. And thence nine Gilders pounds sterling are worth intrinsecally worth ab{illeg}out 103$\frac{\mathrm{1}}{\mathrm{4}}$ Gilders. And one pound {illeg}sterling which lately passed at about 10 G 9$\frac{\mathrm{1}}{\mathrm{2}}$ st is worth 11 {illeg}$\frac{\mathrm{}}{\mathrm{}}$ Gilders 9$\frac{\mathrm{4}}{\mathrm{9}}$ styvers. And then the loss by the exchange is about a Gilder, whereof her Maty bare only 5$\frac{\mathrm{1}}{\mathrm{2}}$ styvers, wch is about a quarter of the whole loss. And according to this proportion her Maty should beare but about a qu{illeg}arter of the loss by the exchange at Dunkirk., wch is about 14 or 15 sous. But the rules of the Exchange where they are setled beingare being generally followed, I {illeg}pr{illeg}esume it might be her Mats intention to beare about one half of the loss by the exeange {sic} in Holland, as in the recconing first set down in this paper.