llings and 8 pence, and whatever quantity should be coined, a rent
of 16_l_ _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 800_l_ _per annum_
is reserved unto your Majesty,[3] and 200_l 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.]]
It has been further represented to your Majesty, That these
letters-patent were obtained by Mr. Wood in a clandestine and
unprecedent manner, and by gross misrepresentations of the state of the
kingdom of Ireland. Upon enquiring into this fact it appears, That the
petition of Mr. Wood for obtaining this coinage, was presented to your
Majesty at the time that several other petitions and applications were
made to your Majesty, for the same purpose, by sundry persons, well
acquainted and conversant with the affairs of Ireland, setting forth the
great want of small money and change in all the common and lower parts
of traffic, and business throughout the kingdom, and the terms of Mr.
Wood's petition seeming to your Majesty most reasonable, thereupon a
draught of a warrant directing a grant of such coinage to be made to Mr.
Wood, was referred to your Majesty's then Attorney and Solicitor-general
of England, to consider and repor
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