The numismatic chronicle and journal of the Royal ... - IndianCoins.org

122 HENRY SYMONDS.Dublin Castle during the two years which elapsedbetween the sealing of the mint indenture and thedeath of Elizabeth on 24 March, 1602-3. The first ofthe proclamations, which is dated 20 May, 1601, giveseffect to the agreement as to Exchanges made withSir George Carye in the previous month, to whichI have already alluded. The Queen announced herdecision, for the reasons there stated, to reduce themoneys to "the ancient course of her progenitors",namely, to a difference in fineness between the moneysof England and Ireland, and to that end had causedgreat quantities to be coined according to the ancientstandard used by her Majesty's father, brother, andsister. The same were to be established as the lawfulcurrent moneys of Ireland, and after 10 July then nextall other moneys, whether Irish, English, or foreign,were to be annulled and no longer current, and wereto be esteemed as bullion only. And the Queen, inorder to give reasonable satisfaction, which was notoffered in the days of her progenitors, had establishedan exchange to be maintained at Dublin, Cork, Gal way,and Carrickfergus, and in England at London, Bristol,and Chester, where coins of England might be changedfor the new standard moneys of Ireland and vice versa.For 20s. of new Irish coins, 19s. of current Englishmoneys were to be delivered by means of a bill directedto a place of exchange in England and for 20s. English,;21s. new Irish deliverable at an exchange in Ireland.The Irish base moneys then annulled might be exchanged,money for money, for coins of the newstandard (. P. Ireland, Eliz., vol. 208, part 2, No. 82).The object of this exchange system was to prevent thetransportation of English sterling coins to Ireland,