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Home > The Depreciation of the Paper Currency of Great Britain Proved: (English)
The Depreciation of the Paper Currency of Great Britain Proved: (English)

The Depreciation of the Paper Currency of Great Britain Proved: (English)

          
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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1812 Excerpt: ...Bay, A. 1717, emitted 100,000. upon loan, at a very long period: silver rose to 12s. per ounce. A. 1721, Massachuset's Bay emitted, 50,000. and Rhode Island 40,000. upon loan: silver A. 1723, became 14. per ounce. From that time a chargeable Indian war required large emissions, and silver rose to 16s. per ounce: it continued at this rate till A. 1728, emissions not being larger than cancelling. A. 1727, Massachuset's Bay emitted 60,000. and A. 1728, Rhode Island emitted, 40.000. upon loans; silver became 18s. per ouncs. A. 17S1, Rhode Island emitted, 60,000. upon loan. (N. B. Besides the several loans in the course of this history, all the charges of the four governments were defrayed by paper emissions, ) and silver became A. 1732, 21. per ounce. A. 1733, Massachuset's Bay emitted, 76,000. upon Funds of Taxes; Rhode Island, c 104,000 upon loan and taxes; Connecticut, 50,000. upon loan, and A. 1734, silver became 24. per ounce. From A. 1734 to 1738 more bills were cancelled than emitted; Exchange fell from 440 to 400 per cent. advance. A. 1738 Rhode Island emitted. 100,000. upon loan; silver rose from 27s. to 29s. per ounce. Discourse concerning the Currencies of the British Plantations. Page 23. Edition 1751. principle, over and over again recognised, and acted upon by the British legislature, in the case of Bills of Credit issued by our colonial governments. Preamble to the Act of the 244 Geo. II. ch. 53. Whereas the Act of Parliament, made in the sixth year of her late Majesty Queen Anne, intituled, An Act for ascertaining the Rate of foreign Coins in her Majesty's Plantations in America, hath been entirely frustrated in his Majesty's said Colonies of Rhode Island, and Providence Plantations, Connecticu...


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Product Details
  • ISBN-13: 9781154680607
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 50
  • Series Title: English
  • Weight: 109 gr
  • ISBN-10: 1154680606
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 3 mm
  • Width: 189 mm


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