Social England in the Fifteenth Century a Study of the Effects of Economic Cond

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Social England in the Fifteenth Century a Study of the Effects of Economic Cond
Annie Abram
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VII, c. 6. " Leadam in Trans. Royal Hist. Soc. N. S. Xix (1905), pp. 282-3.
FINANCIAL CHANGES 57 repetition of statutes forbidding the export of money shows how exceedingly important the matter was considered, and also how difficult it was to retain restrictions when trade was growing rapidly ; but the frequent mention of ' lecters of payment n by the Celys suggests that the regulation of the Exchanges was not quite as futile as the despairing tone of the statutes would make us believe. Paralle
...l to the enactments which forbade the export of the precious metals are the Acts which enjoined the import of bullion. Merchant strangers who bought wools in England and did not sell them at the Staple, were ordered to bring to the Mint, for every sack an ounce of bullion. 2 Merchants of the Staple were commanded to insist upon immediate pay- ment, whereof half was to be in lawful money of England. 3 The Act which regulated the alloy of silver used by goldsmiths for gilding, 4 and another enactment which ' ordeined that no goldsmith or other person melt any Money of Gold or Silver to gild any Vessell, or even Stuffe for Knyghtes apparal, ' 5 are proofs that the Government jealously guarded against anything which might cause a drain of money.

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