Partial draft of MINT00322 (Mint 19/2/111-16)

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{illeg}A{illeg} old Spanish Pistole was iswas Coyned for 32 Reaus or p 4 pieces of eight Reaus & is the 16th part of the weight, & of equal allay. At wch

A Doppio Moeda of Portugal was coyned for 4000 Res or ten Crusados & is the 16th part of the weight & of equal allay

Gold is therefore in Spain & Portugal of 16 times move {sic} value the {sic} silver of equal weight & allay. At wch rate a Guinea is worth 1£ 2s 1d [And . this undervalluing of silver calrries all it from thence into all Europe. & So that the Spaniard make all their payments in Gold & will not make payments in Silver unless for a premium of 5 or 6 per cent.]

In England the fine silver in 21s 6d is to the fine gold in a Guinea in weight as 15∟5717 to 1. by {illeg} by the standard.

In France the Silver in four new Lewisses is tho the Gold in a new Pistole as 15 to 1 by the french standard. At wch rate a Guinea is worth. 1 0. 8$\frac{\mathrm{1}}{\mathrm{2}}$.

In Holland A German Ducat of Holland & the Empire is is vallued at 5 Guilders & 5 styvers [that is, at so much fine silver as is conteined in 9s. 1$\frac{\mathrm{1}}{\mathrm{4}}$d English ] that is to At wch rate a Guinea is worth 20s 7$\frac{\mathrm{1}}{\mathrm{2}}$d.

In Italy & Germany & the Northern kingdoms a Guinea may be worth 720s & 7d 6d or 5d or 4d or thereabouts. For the value varies in the several Principalities of these countries.

NB 1. The high price of Gold in Spain makes their silver run into other countries as fast as it comes from the Indies. So that the Spaniards make their paymts in Godld & will not pay in silver unless for a premium of 4 or 5 oabout 6 per cent.

2 That the high price of gold in England {illeg} may incline the Merchant to import more Gold then silver & export more bullion of silver then bullion of gold.

3 That the sixpences coyned 1{illeg}8 years ago being lightned about 4 per cent by wearing, are thereby preserved sufficiently preserved from exportation & from the melting pot.

That the Shillings then coyned being lightned about 2$\frac{\mathrm{1}}{\mathrm{4}}$ per cent are a{illeg}lso thereby preserved from the melting pot.

5 That the half crowns be then coyned beingare lightned about 1$\frac{\mathrm{1}}{\mathrm{4}}$ by wearing are preserv per cent & the Crowns about $\frac{\mathrm{1}}{\mathrm{2}}$ or $\frac{\mathrm{3}}{\mathrm{4}}$ per cent. And that the FreWhich tends to the preservation of these species

That the new French Lewid'ors are coyned coarser then the French standard by about 2d 0r 3$\frac{\mathrm{1}}{\mathrm{4}}$ in the Lewidor & that the new Lewises are coyned f finer then their standard by about 1d a 1$\frac{\mathrm{1}}{\mathrm{4}}$ in the four pieces Lewises. And this also tends to hinder our silver from going into France & their Gold from coming into England

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