"His Majesty is very much concerned to see, That His granting the Patent for coining Half-pence and Farthings agreeable to the Practice of his Royal Predecessors, has given so much uneasiness to the House of Lords: And if there have been any abuses committed by the Patentee, His Majesty will give the necessary Orders for enquiring into, and punishing those Abuses. And will do everything that is in His Power, for the Satisfaction of His People."
APPENDIX II. REPORT OF THE ASSAY ON WOOD'S COINAGE, MADE BY SIR ISAAC NEWTON, EDWARD SOUTHWELL, ESQ., AND THOMAS SCROOPE, ESQ.[1]
"To the right honourable the Lords Commissioners of his Majesty's Treasury.
"May it please your Lordships,
According to your Lordships' Order, the pix of the copper-money coined at Bristol by Mr. Wood for Ireland, has been opened and tried before us at his Majesty's Mint in the Tower; and by the Comptroller's account, to which Mr. Wood agreed, there hath been coined from Lady-day 1723 to March 28, 1724, in half-pence, fifty and five tons, five hundred and three quarters, and twelve ounces, and in farthings, three tons, seventeen hundred and two quarters, ten pounds, and eight ounces, avoirdupois, the whole coinage amounting to 59 tons, 3 cwt, 1 qr. 11 lbs. 4 ozs., and by the specimens of this coinage which have, from time to time, been taken from the several parcels coined and sealed up in papers, and put into the pix, we found that sixty half-pence weighed fourteen ounces, Troy, and eight pennyweight, which is about a quarter of an ounce above one pound avoirdupois; and that thirty farthings weighed three ounces, and three quarters of an ounce Troy, and forty-six grains, which is also above the weight required by his Patent. We found also that both half-pence and farthings when heated red hot, spread thin under the hammer without cracking, as your Lordships may see by the pieces now laid before your Lordships. But although the copper was very good, and the money, one piece with another, was full weight, yet the single pieces were not so equally coined in the weight as they should have been.
[Footnote 1: The copy of this Report as here printed is taken from the tract already quoted in previous notes, entitled, "A Defence of the Conduct of the People of Ireland in their unanimous Refusal of Mr. Wood's Copper-money ... Dublin: Printed for George Ewing, at the Angel and Bible in Dames-Street, MDCCXXIV." As already noted, the assayists had for trial only those coins which were coined between March, 1723, and March, 1724, and these coins were neither imported into Ireland nor attempted to be uttered there. As Wood asked for the assay, he no doubt knew what he was about. But even as it stands, the Report was not very favourable to him. The author of the tract named above enters minutely into this point, and for a further inquiry the reader is referred to pages 15 to 19 of his publication. [T.S.]
"We found also that thirty and two old half-pence coined for Ireland in the reigns of King Charles 2d., King James 2d., and King William 3d. and Queen Mary, and produced by Mr. Wood, weighed six ounces and eight pennyweight Troy, that is, one hundred and three grains and a half apiece one with another. They were much worn, and if about six or seven grains be allowed to each of them one with another for loss of their weight by wearing, the copper-money coined for England, in the reign of King William being already as much lightened by wearing, they might at first weigh about half a pound avoirdupois; whereas only thirty of those coined by Mr. Wood are to be of that. They were also made of bad copper, two of those coined in the reign of King Charles II. wasted much in the fire, and then spread thin under the hammer, but not so well without cracking as those of Mr. Wood. Two of those coined in the reign of King James II. wasted much more in the fire, and were not malleable when red hot. Two of those coined in the reign of King William and Queen Mary wasted still more in the fire, and turned to an unmalleable substance like a cinder, as your Lordships may see the pieces now laid before you.
"By the assays we reckon the copper of Mr. Wood's halfpence and farthings to be of the same goodness and value with the copper of which the copper money is coined in the King's Mint for England; or worth in the market about twelve or thirteen pence per pound weight avoirdupois; and the copper of which the half-pence were coined for Ireland in the reigns of King Charles, King James, and King William, to be much inferior in value, the mixture being unknown, and not bearing the fire for converting it to any other use until it be refined.