That our coyn cannot be secured against Exportation, Melting down, and Hoarding up, unless it have either a real, or extrinsick value above the intrinsick.
AX. III.
That a real value to make up the want of intrinsick given to Money, will be more satisfactory to all His Majesties good Subjects than a mere extrinsick value above the intrinsick.
AX. IV.
That the real value of Money ought to be more than the intrinsick, and equal to the extrinsick.
AX. V.
That Money cannot have a real value over and above the intrinsick, unless that over and above value be settled by an unquestionable Security applicable to every particular persons Use.
PROPOSITION.
Now I humbly propose to the Consideration of better judgments the doing of these things.
1. The speedy calling in all the clipt and diminished Money of the old Standard, and intirely satisfying every Proprietor, by paying them 75 l. per Cent. back in Specie, and ascertaining to ’em the remainder by Parliament Security.