'Act of parliament about the Mint'

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Act of parliament about the Mint

Iuly 22d 1690

Our Soveraign Lord and Lady the King and Queens Majesties and three Estates of parliament Considering that by the act of parliament 1636 for a free coinage ther is only allowed Eighteen pounds scots upon the stone weight of silver for Defraying the whole Charge, vast Expences and Loss upon its coinage, which allowance is found by Experience to be too small and insufficient: Therfor their majesties with advice and consent of the saids Estates do herby Rescind in all time Comeing that Clause of the forsaid act; And further statute and Ordain that the master of the mint have allowed to him in time coming twenty pound scots in stead of the said Eighteen pound scots upon the stone weight of silver As the Iust and reasonable allowance for defraying the said Charge Expence and Loss upon its coinage in maner provided in the said act

Observe a Scots stone weight is in English weight troy 20 pounds ij ounces 7 penny weight 14 Graines

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Act of Parliament
1690
About
An Additional allownace for the Expences of the Coynadge