CHAP. VIII. Of the disorder in the British coin, so far as it 568 affects the value of the pound sterling currency, Two legal pounds sterling in England, —— And several others, in consequence of the wearing of 569 the coin, Why any silver coin remains in England, —— Value of a pound sterling current determined by the —— operations of trade, To the mean value of all the currencies, 570 Exchange a good measure for the value of a pound —— sterling, The use of paper money not hurtful in debasing the 571 standard, The pound sterling not regulated by statute, but by the —— mean value of the current money, Why exchange appears so commonly against England, —— How the market price of bullion shews the value of the —— pound sterling, Shillings at present weigh no more than 1⁄65 of a pound 572 troy, And are worn 4.29 troy grains lighter than their —— standard weight, A pound sterling worth, at present, no more than 1638 573 grains troy fine silver, according to the price of bullion, And according to the course of exchange, —— Shillings coined at 65 in the pound troy, would be in 574 proportion with the gold, Which shews that the standard has been debased, —— And that the preserving it where it is, is no new —— debasement, Proof that the standard has been debased by law, 575 And is at present reduced to the value of the gold, ——