h of January, 1534, the value of the current coinage was
regulated, and the same thing took place about this time as regards
coins in Guernsey."--_Le Quesne_, page 191.

"On the 20th February, 1561, the price of cider in Jersey was fixed at
_one Esterlin_ the _Pot_; and the brewers were ordered to make beer
(servoise) for the use of the sick, the price of which was to be fixed
by the constables and principal parishioners."--_Le Quesne_, page 192.

In the reign of King James I., under date the 20th July, 1607, a
commission was appointed, under presidency of Sir Robert Gardiner,
knight, for the determination of differences in Jersey; _it also had
scope as regards Guernsey_.

"The first article of complaint by the governor was relative to the
value of the French coins. At these times there was very little, if any,
English coin in circulation, and there was, strictly speaking, no fixed
standard of value in Jersey. The _livre tournois_ could scarcely be
called a standard of value, and yet it was that by which the market
price of commodities was known. It was the ideal currency of the island,
that in which accounts were kept. The actual current money was French;
and any variation in its value compared to the livre tournois would
have, of course, to be regulated in Jersey.

"Any change in the value or denomination of coins is attended with
serious inconveniences, and it may, in some cases, be highly injurious
to a large class of the community. This is more likely to be the case
when the coins of two countries are adopted; when two different
currencies are in circulation; when any variation in the value of the
coins of one of these countries takes place, and the relative value,
owing to that change, has to be ascertained and determined by a
legislative or administrative body. Great caution is required in these
matters; and, at a later period, the greatest discontent was caused in
Jersey, and even a riot ensued, from an alteration in the value of the
currency.

"The States of Jersey, a few years before the arrival of the
commissioners, perceiving that the King of France had altered and
advanced his several coins, established what they considered an
equivalent value between these coins and the moneys in Jersey after the
old rates. The difference was about seven per cent. The _French crown_
was advanced to _four sous_ more, the _guardesen_ from _fifteen sous_ to
_sixteen sous_, the _teston_ from _fourteen sous and a half_ to