present Coin; as also Groats, Three-pences, and Twopenny Pieces: The Government would receive such a Benefit thereby, as cannot be well here express'd. And I dare answer to find a Method, with fine Copper so intermix'd with Silver, that it shall not be worth any Person's Time, Trouble and Hazard, to counterfeit it.

Our Silver being coined with so great an Allay as will prevent its being exported, will in a short Time cause a Currency of Cash: The Gentry will not hoard it; whereby Traders will be better paid, and our Manufactures encourag'd, and carry'd on to a greater Degree.

I remember when there was a great deal of Clipt and Counterfeit Money, and very Plenty of both, that every one that had either a Counterfeit Piece, or Money that was cut very small, always studied what to buy with it, that they might pass the one away, or part with the other.

The Difference to the East-India Company, in buying Bullion, or Pieces of Eight, in Holland, is Seven or Eight per Cent. more than what it stands them in when they can be supply'd with it at Home; and if they were prohibited the Exportation of Bullion from Foreign Countries, and suffer'd to export our own Coin, or such Ingots as shall have the Tower-Mark, our Government would have the Advantage which the Dutch now gain, and no Loss to the East-India Company. For it will be then equally the same to them, whether they export it from hence, or from Holland, to India.

There is no other Way of preventing our Bullion and Silver being carry'd out of the Land, but by the Prohibition of the one, by paying a Difference to the Government; viz. such a Difference as comes pretty near to what is lost by Remittances; and suffering the other (viz. our Crowns and Half-Crown Pieces, coin'd with a proportionable Allay) to be exported. All which would help to pay off the Nation's Debts, and make us a Flourishing People.

Our Half-Crowns and Crowns being recoined to such a Standard, I say, would be of equal Advantage to the East-India Company, whether they exported Bullion or Pieces of Eight, from hence or from Holland: For by the Bank of Holland, or rather Amsterdam, all Exchanges are chiefly govern'd; and as the Hollanders are the nearest concern'd with us in Trade, so by them we are to regulate and proportion the Difference between our Bank-Money and our Current Cash.

The Bank of England is establish'd upon the Standard of our present Coin: Let it so remain, till the Government sees fit to alter, or pay them off; and let Bills of Exchange be paid in Banco, or, if they so please, in Current Cash; the Difference or Agio to be allow'd in like manner as they do in Holland.

There has been a considerable Profit made, by Melting down and Exporting our own Coin; and there will always be those that will do it, tho' punish'd with Death, as in Portugal. And where there is a great Loss in Melting down, or Exporting the Current Coin, tho' there is no Penalty, the Money will be preserv'd; as in Holland.

Let the Merchant have a Profit in carrying Gold and Silver to the Mint to be coined, or there will little or none go there: But if the Merchant finds a Profit (tho' small) in the Coinage, there will be great Quantities coined.

That they who act with the greatest Prudence and Honour, and have most Money, will always have most Credit; this needs no Proof.

While our Money, which