Standard of Silver Plate, etc. Act 1696

X.

Hammered current Money at 5s. 2d. an Ounce, and wrought Plate to be melted down and coined into new Money, &c.; Application thereof.

And to the end that such hammered Silver Coin of this Kingdome as is made current in Payments att the Rate of Five shillings and two pence by the Ounce Troy and is and shall be from time to time brought and paid into the Receipt of His Majesties Exchequer att that Rate may be recoined and that all such Plate as is authorized by this Act to be received att the Rate of Five shillings and foure pence an Ounce until the said First day of June One thousand six hundred ninety seven for the Aid Subsidy or other Payments aforesaid may also be converted into the lawfull Coins of this Realme Be it further enacted by the Authority aforesaid That all such hammered Silver Coin or Plate so received or to be received shall from time to time by the Direction of the Com[m]issioners of His Majesties Tresury or any One or more of them, now being or the High Tresurer or any or more of the Com[m]issioners of the Tresury for the time being (who have hereby full Power and Authority given them in that behalfe) be melted downe and cast into Ingotts and be delivered into His Majesties Mint or Mints by Indentures with the Master and Worker of the Mints to be there reduced to Sterling and coined by the Mill and Presse into the lawfull Coins of this Realme and that all the new Money proceeding from such Ingotts (except the necessary Charge of making the new Money and of melting and refining the Silver) shall from time to time by the like Direction be applied and placed to the respective Accounts of the particular Revenues Taxes Loans or other Branches to which the said hammered Moneys or Plate respectively did belong and shall be issued paid out and disposed accordingly so farr as it will extend att the Receipt of Exchequer for Payment of Principal Interest Annuities or other Uses or by the respective Receivers General upon Bills of Creditt in such and the like Course Order Manner and Forme as ought to have been observed in case the Receipt or Collection in Plate or such hammered Money had been made in the lawfull and current Monies of this Realme and so as that in all Cases where any of the said hammered Money or the Money for which such Plate shall be received were appropriated by any Act or Acts of Parliament for Satisfaction of Loans or Annuities or for Payment of Bills of Creditt or for any other Uses the new Monies coming instead thereof (so farr as the same will extend) shall be appropriated issued and applied to the same respective Uses and in the same Course and Order as are prescribed by such Acts without being diverted or divertible to any other Use or being misapplied under the Penalty of incurring the same Forfeitures and Disabilities by the Officers of the Exchequer Receivers General and other Persons concerned therein as they would have incurred for diverting or misapplying the lawfull and current Moneys of such Taxes [X1 or] Revenues or other Branches respectively.

Editorial Information

X1 O. omits.