The changing of the & considered the ways of preserving the coyn & considered the ways of preserving the coyn.

The As for the alteration of the standard we are humbly of opinion that the value of the several species to be herafter coyned be diminished without changing the denomination, & it will occasion the melting down & recoyning the species already coyned & bringing the same silver to the Mint to be recoyned for the profit that may be made thereby. And if the value be encreased Merch Merchants the people will value their goods by the old money already coyned in wchwhich they are to be paid & the new money of more value will be pickt out (if any shall be coyned) will be pickt out for exportation & goldsmiths uses where by the & the Importer who coyns it will lose the overvalue to he discouragement of yethe coynage & in payments made by tale to forreigners, the nation will also lose the overvalue // Yet if small money were coyned of based allay (suppose sixpences, groats, thre pences & two pence But if the valueBut if it be proposed to retain the value of the several species be retained && to alter only the standweight & allay altered only, we are humbly of opinion that it would be betterwould might be convenient better more uniform to coyn the silver eleven ounces fine as the gold is coyned here & als the st both gold & silver are coyned in France Spain & portugall, Pistoles in Italy & some silver money in Italy Holland & Swedeland. & other places, & for this end to cut the pound weight into 3£. 1.s 6d. For this is readier for computation & where the oer money goes abroad, the odd two penny weight of silver above 11 ounces is apt to be lost in recconings. But if the I And if small money (copper suppose sixpences gro twowchwhich by continual use weares away fast & is apt to be lost, (suppose pence, two pences, three pences & groats & perhaps sixpences} were coyned of coarse allay as is done in several countries abroad, it wouldprovided it were well coyned to precent counterfeiting such money would lastweare longer & be less apt to be lost or melted down or exported.