On the day noted, the Privy Council, seeing that ‘the charge and hazard of the wark will be great and sumptuous,’ decreed that each parish in the kingdom should advance £5 as a contribution, to be collected under the care of the said officers of the church, £4, 13s. 4d. of this sum being considered as the price of a copy of the impression, to be afterwards delivered, ‘weel and sufficiently bund in paste or timmer,’ and the remaining 6s. 8d. as the expense of collecting the money. The money was to be handed to Alexander Arbuthnot before the 1st of July next. [Sidenote: 1574-5.] Arbuthnot and Bassendyne, on their parts, bound themselves to execute the work under certain penalties, and respectable men came forward as their sureties. Those who stood for Arbuthnot were David Guthrie of Kincaldrum, William Guthrie of Halkerton, William Rynd of Carse, and James Arnot of Lentusche--all Forfarshire gentlemen, be it remarked--a fact arguing that Arbuthnot himself was of the same district. The exact arrangements of Arbuthnot and Bassendyne between themselves do not at this time appear; but we find that Bassendyne engaged in Flanders one ‘Salomon Kerknett of Magdeburg’ to come and act as ‘composer’ at 49s. of weekly wages, and sought the aid of Mr George Young, servant of the abbot of Dunfermline, as corrector of the press. Having ‘guid characters and prenting irons,’ it was to be expected that the work, great and sumptuous as it was, would go quickly and pleasantly on. This hope, however, was not to be realised. (See under July 18, 1576.)--_P. C. R._ * * * * * [Sidenote: MAR.] Among the evils of these times, was one which the present generation knows nothing of but from history. Owing to the constant exporting of good coin, and the importing of bad, the circulating medium of the country was in a wretched state. There seems to have been a regular system for coining base placks and lions (otherwise called _hardheads_) in the Low Countries, to be introduced by merchants into Scotland. The Regent, in a proclamation, described the abundance of debased money as the chief cause of the present dearth, the possessors of grain being thus induced to withhold it from market. For this reason, according to his own account, proceeding upon an act of the convention now sitting, he ordained the old coin to be brought to the cunyie-house, where it would be ‘clippit, and put in ane close lockit coffer upon the count and inventar of the quantity receivit frae every person;’ and meanwhile the lately issued genuine placks and lions were to have currency at twopence and a penny apiece respectively--that is, at denominations above their value. Any one hereafter possessing the false coin, was to be punished as an out-putter of false money.