The Lords of the Committee think it very strange, that there should be such great difficulty in prevailing with persons, who had already given their evidence before the Parliament of Ireland, to come over and give the same evidence here, and especially, that the chief difficulty should arise, from a general apprehension of a miscarriage, in an enquiry before your Majesty, or in a proceeding by due course of law, in a case, where both Houses of Parliament had declared themselves so fully convinced, and satisfied upon evidence, and examinations taken in the most solemn manner.
At the same time that your Majesty sent your orders to the Lord Lieutenant of Ireland, to send over such evidences as were thought material to support the charge against the patent, that your Majesty might, without any further loss of time than was absolutely necessary, be as fully informed as was possible, and that the abuses and frauds alleged to be committed by the patentee, in executing the powers granted to him, might be fully and strictly enquired into, and examined, your Majesty was pleased to order that an assay should be made of the fineness, value, and weight of this copper money, and the goodness thereof, compared with the former coinages of copper money for Ireland, and the copper money coined in your Majesty's Mint in England; and it was accordingly referred to Sir Isaac Newton, Edward Southwell, and Thomas Scroope, Esqs. to make the said assay and trial.
By the reports made of this assay, which are hereunto annexed, it appears,[2] "That the pix of the copper moneys coined at Bristol by Mr. Wood for Ireland, containing the trial pieces, which was sealed and locked up at the time of coining, was opened at your Majesty's mint at the Tower; that the comptroller's account of the quantities of halfpence and farthings coined, agreed with Mr. Wood's account, amounting to 59 tons, 3 hundred, 1 quarter, 11 pounds, and 4 ounces; That by the specimens of this coinage, which had from time to time been taken from the several parcels coined, and sealed up in papers, and put into the pix, 60 halfpence weighed 14 ounces troy, and 18 penny-weight, which is about a quarter of an ounce above one pound weight avoirdupois; and 30 farthings weighed 3 ounces and 3 quarters of an ounce troy, and 46 grams, which is also above the weight required by the patent. It also appears, that both halfpence and farthings when heated red-hot spread thin under the hammer without cracking; that the copper of which Mr. Wood's coinage is made, is of the same goodness and value with the copper of which the copper money is coined in your Majesty's mint for England, and worth in the market about 13 pence per pound weight avoirdupois; That a pound of copper wrought into bars of fillets, and made fit for coinage, before brought into the mint at the Tower of London, is worth 18 pence per pound, and always cost as much, and is coined into 23 pence of copper money by tale, for England; It likewise appears, that the halfpence and farthings coined by Mr. Wood, when compared with the copper money coined for Ireland, in the reigns of King Charles II. King James II. and King William and Queen Mary, considerably exceeds them all in weight, very far exceeds them all in goodness, fineness, and value of the copper, none of them bearing the fire so well, not being malleable, wasting very much in the fire, and great part of them burning into a cinder of little or no value at all; Specimens of all which, as likewise of Mr. Wood's copper money, upon trials and assays made by Sir Isaac Newton, Mr. Southwell, and Mr. Scroope, were laid before this Committee for their information."
[Footnote 2: See Appendix, No. II. [T.S.]
The Lords of the Committee beg leave upon this article of the complaint, "That notorious frauds and deceits had been committed by the patentee, in executing the powers granted him," to observe to your Majesty, That this is a fact expressly charged upon the patentee, and if it had in any manner been proved, it might have enabled your Majesty, by due course of law, to have given the satisfaction to your people of Ireland, that has been so much insisted upon; but as it is now above four months since your Majesty was pleased to send over to Ireland for such evidence, as might prove a fact alleged to be so notorious, and no evidence at all has been as yet transmitted, nor the least expectation given of any that may hereafter be obtained, and the trials and assays that have been taken of the halfpence, and farthings coined by Mr. Wood proving so unquestionably the weight, goodness and fineness of the copper money coined, rather exceeding the conditions of the patent, than being any way defective, the Lords of the Committee cannot advise your Majesty, by a writ of scire facias, or any other manner to endeavour vacating the said patent, when there is no probability of success in such an undertaking.
As these trials and assays fully shew that the patentee hath acted fairly according to the terms and conditions of his patent, so they evidently prove, that the care and caution made use of in this patent, by proper conditions, checks, and comptrols have effectually provided, that the copper money coined for Ireland by virtue of this patent, should far exceed the like coinages for Ireland, in the reigns of your Majesty's royal predecessors.
And that your Majesty's royal predecessors have exercised this undoubted prerogative of granting to private persons the power and privilege of coining copper halfpence and farthings for the kingdom of Ireland, was proved to this Committee by several precedents of such patents granted to private persons by King Charles II. and King James II. none of which were equally beneficial to your kingdom of Ireland, nor so well guarded with proper covenants and conditions for the due execution of the powers thereby granted, although the power and validity of those patents, and a due compliance with them, was never in any one instance, till this time, disputed or controverted.
By these former patents, the sole power of coining copper money for Ireland, was granted to the patentees for the term of 21 years, to be coined in such place as they should think convenient, and "such quantities as they could conveniently issue within the term of 21 years," without any restriction of the quantity to be coined within the whole term, or any provision of a certain quantity, only to be coined annually to prevent the ill consequences of too great a quantity to be poured in at once, at the will and pleasure of the patentees; no provision was made for the goodness and fineness of the copper, no comptroller appointed to inspect the copper in bars and fillets, before coined, and take constant assays of the money when coined, and the power of issuing not limited "to such as would voluntarily accept the same"; but by the patent granted to John Knox, the money coined by virtue of the patent, "is made and declared to be the current coin of the kingdom of Ireland," and a pound weight of copper was allowed to be coined into 2 shillings and 8 pence, and whatever quantity should be coined, a rent of 16l per annum only was reserved to the crown, and 700 tons of copper were computed to be coined within the 21 years, without any complaint.
The term granted to Mr. Wood for coining copper money is for 14 years only, the quantity for the whole term limited to 360 tons, 100 ton only to be issued within one year, and 20 tons each year for the 13 remaining years; a comptroller is appointed by the authority of the crown to inspect, comptrol, and assay the copper, as well not coined as coined; the copper to be fine British copper, cast into bars or fillets, which when heated red hot would spread thin under the hammer; a pound weight of copper to be coined into 2 shillings and sixpence, and without any compulsion on currency enforced, to be received by such only as would voluntarily and wilfully accept the same"; a rent of 800l per annum is reserved unto your Majesty,[3] and 200l per annum to your Majesty's clerk comptroller, to be paid annually by the patentee, for the full term of the fourteen years, which for 13 years when 20 tons of copper only are coined, is not inconsiderable; these great and essential differences in the several patents, that have been granted for coining copper money for the kingdom of Ireland, seemed sufficiently to justify the care and caution that was used in granting the letters-patent to Mr. Wood.
[Footnote 3: See the extract from the patent itself, where the amount is given differently [T.S.]