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En D PL N D I*Y

No I,

THE Principles, upon which the Ancient Money of England, and of Scotland, is converted into the prefent Sterling Money, are- briefly as follows:

I Tale or Denominatior: À

In England, and in Scotland, at the time of the Conqueft, there were /æenty hillings in the Coinage pound of Silver; which con- tinued, with very little variation, in England, till the Year 1347; and, in Scotland, till 1306: but now there are Jixty-tavo fhillings in the Coinage pound of Silver in both kingdoms; 10 that L. 100, at that time, were equal to L. 310 of the prefent money, in point of tale or denomination.

IL. Znéerefl, or Yearly Value.

Prior to the fixteenth century, the intereft or yearly value of money, in both England and Scotland, was about Jixteen per cent. but which is now reduced to fve Der cent. ber annum.

ExaAMPLE.—Money being raifed or reduced in value according to the yearly legal produce of it, L. 100, bearing intereft at 10 per: cent, is equal in value to L. 200, bearing only s fer cent. and other {ums in proportion: So that L. 100 of ancient money, being equal: in value to L. 310, in point of denomiuation only, and money be- ing now worth only$ fer cent. Per annum; therefore, the L. 310, with the intereft at 16 per cent. wa equal to L. 092 of the prefent+ money.

following Tables will fhew the value of Money, at different” periods, from the Conqueft to the prefent time, both in England, and in Scotland; and, by them, the ancient Money may be con- verted into the prefent Monev, according to the variation in the tale or denomination only; or, alfà, in proportion both to the tale and the rate of yearly Intereft of money, as done in this Work.

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