Note 46 — CHAP. VII.

It is a curious fact, that although the number of Pence which have been supplied by that admirable Artist, Mr. Boulton, of Birmingham, and which have been actually circulated amounts to Forty Million of Pieces, making £.166,666. 12s. 4d. sterling, and which is equal to 4d. for every inhabitant in this Island, according to the largest computation: yet the quantity of halfpence (chiefly counterfeits) which are found in actual circulation, are at least in the proportion of forty to one. This must ever be the case until some expedient, such as is hereafter recommended, shall be adopted for calling them in, and substituting in their place a new Coinage of the full standard weight: For it is evident that the Dealers and Tradesmen at present hoard up the penny pieces, and only circulate the counterfeit halfpence which they receive; the nuisance therefore remains, and the coiners are thus encouraged to continue their nefarious practices.