Par of a pound sterling in gold with ditto, is 11 florins — 3⅕ stivers, Par of a French louis with ditto, 11 florins, 3¾ stivers, — Par of 24 livres French in silver with ditto, 11 florins 1½ — stivers, Great balance of trade against France in September 1761, — Low value of the pound sterling in Holland in 1761, — Owing to the lightness of the English gold at that time, 89 And not to the wrong balance of their trade, as was 91 alleged, Defects of the silver currency of Holland, — Account of this currency, 92 Regulation for the payment of foreign bills in coin, — Ditto for current bills—ditto for merchandize, — The denominations of the several silver currencies not — proportioned to their intrinsic value, Cause of this.—-Regulations concerning the weighing of 93 silver species in banks current, All allowances for light weight are an abuse, 94 Frauds of money-jobbers in Holland, — The best silver coin in Holland is upon an average 1 _per — cent._ too light, From which it follows that the actual proportion of the 95 metals is as 1 to 14.479, Another abuse in the silver coin of Holland, — Reason of the great apparent scarcity of the silver coin in 96 Holland, A paradox to be resolved, — Resolution of it, 97 BOOK IV. OF CREDIT AND DEBTS. PART I. Of the Interest of money. INTRODUCTION, Page 101 CHAP. I. What Credit is, and on what founded, 105 CHAP. II. Of the nature of obligations to be performed, in 108 consequence of credit given, CHAP. III. Of the interest of money, 112 CHAP. IV. Of the _principles_ which regulate the rate of 115 interest, CHAP. V. Of the regulation of interest by statute, 121 CHAP. VI. What would be the consequences of reducing, by a 125 British statute, the legal interest of money below the present level of the stocks? CHAP. VII. Methods of bringing down the rate of interest, 129 in consequence of the principles of demand and competition, CHAP. VIII. Is the rate of interest the sure barometer of 135 the state of commerce? CHAP. IX. Does not interest fall in proportion as wealth 139 increases? ------------------------------------------------------------------------ PART II.