University of Virginia Library

[SECT. 9.]

That all bargains and contracts, debts and dues whatsoever which shall be agreed, contracted or made after the thirty-first day of March, one thousand seven hundred and fifty, shall be understood


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and are hereby declared to be in silver at six shillings and eightpence per ounce, and all Spanish mill'd pieces of eight, of full weight, shall be accounted taken and paid at the rate of six shillings per piece, for the discharge of any contracts or bargains to be made after the said thirty-first day of March, one thousand seven hundred and fifty, the half's quarters and other less pieces of the same coin, to be accounted received taken or paid in the same proportion; and if any person shall for the discharge of any such contracts or bargains account receive, take or pay any silver coin, or any of the said pieces at any greater or higher rate than that at which the same is hereby regulated and allowed, every such person so accounting, receiving, taking or paying the same, shall forfeit the sum of fifty pounds for every offence, one moiety thereof to his majesty, his heirs and successors, to and for the use of this government, the other moiety to him or them that shall sue for the same, to be recovered with full costs of suit, by action of debt, bill, plaint, or information, in any of his majesty's courts of record within this province, or by presentment of the grand jury; and all persons whatsoever are hereby required to conform their books and accounts according to the regulation aforesaid, any former usage to the contrary notwithstanding; and any books and accounts which shall not be made to conform to the said regulation, shall not be admitted or allowed to be produced in evidence for the recovery of any debt in any of his majesty's courts within this province.


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And whereas bills of credit have been the only medium of trade within this government for many years past, and the bills of Connecticut, New Hampshire and Rhode Island, have passed promiscuously with the bills of this government, and the inhabitants of this government will be liable to greater evils than they have ever yet suffered if the bills of those governments continue current within this province,—


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Be it further enacted,