The Edinburgh Review Volume 7

The Edinburgh Review Volume 7

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1805 edition. Excerpt: ...to have fuppreffed this abufe; and, fince his time, no fubjeft has ever interfered with the coinage, except in fo far as the Crown has, at different periods, delegated the right of coining to certain great corporations, who were always bound to exercife it according to the rules prefcribed in the grant, and were never permitted to vary eithe'r the alloy, the denomination, or the device. This practice of devolving the coinage upon fubje&s, has, however, been entirely relinquifhed fince the reign of Edward VI. Various ftatutes have recognized the rights of the Crown, both to fix the value of the coins as ifiued from the mint, and to alter that value after they have become current. In particular, the i9th Hen. VII. 0 5; enacts, that' all gold and filver coins fhall pafs for the furri they were coined for;' and the 5th and 6th Edward VI., c. i9., prohibits the exchanging of any coined gold or filver for more than the King's proclamation has or fhali have declared to be its value. Nor is it neceflary, in general, that the Sovereign fhould publifh his notices with refpect to the rate of the currency which he iffues. S a "Whatever Whatever coins come from his mint, with his flamp or other authenticating marks, are held, in the ordinary cafe, to be of the value affixed to them in the indentures which he enters into with the officers of the mint. A royal proclamation is only neceflary when bafc coins, or money below the ftandard of fterling, are to be made current when coins already in circulation are to be raifed or lowered in nominal value, or decried altogether; and, laftly, when foreign coins are to be rendered legal currency at a certain rate. But, although the prerogative regarding coinage is thusample, and apparently well fixed by...show more

Product details

  • Paperback | 230 pages
  • 189 x 246 x 12mm | 417g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236572998
  • 9781236572998