That it's humbly conceived Your Honours on considering the following Remarks, will find the permitting such change to pass, exceeding Injurious and Destructive to the Nation.
First. That the same will be a means to drain this Kingdom of all its Gold and Silver, and ten, fifteen, or twenty per cent abated, will most effectually do the same.
2d. That the making such money in England will give great room for counterfeiting that coin, as well in this Kingdom, as where it is made.
3d. That the Copper Mines of this Island which might be manufactured in the nation, is by management shipped off to England by some persons at, or about forty shillings per tun, by others at four pounds and six pounds per ton, which copper when smelted and refined is sold and sent back to this kingdom at two shillings and six pence per pound weight as aforesaid, which is two hundred and eighty pound sterl. per ton.
4th. That two shillings and sixpence per pound weight is making the said coin of very small value, the said coin ought not to weigh or exceed two shillings in each pound weight as the English Halfpence are.
5th. That all such money brought to this Nation manufactured, is to be entered at value, which value is in the Book of Rates, ten per cent duty and excise.
6th. That no security is given to this Nation to make such money in any one point, the same may be found defective in either, as to baseness of metal, workmanship or weight, or to give gold and silver for the same, when the subject was, or may be burthened therewith.
7th. That if such monies as aforesaid be permitted to pass in this nation, all persons that have gold or silver by them would not part therewith, but Brass money must be carried from House to House on Truckles, and in the county by carts and horses, with troops to guard them.
8th. That such money will raise the price of all commodities from abroad, probably to three or four hundred per cent.
9th. That linen, yarn, beef, butter, tallow, hides and all other commodities, will raise to that degree by being bought with half-pence, and workmen paid with brass money, that commissions from abroad will not reach them, therefore such goods must lie on hands and remain a drugg.
10th. That the excise of beer, ale, brandy, &c., and hearth-money will be paid in such coin, the same falling first into the hands of the poor and middling people.