"The scarcity of gold and silver continued; and the States, on the 21st of December, 1725, declared that the only metallic currency in circulation was liards or deniers. They had on previous occasions prohibited the exportation of this copper money; they now forbade its importation, under pain of confiscation. In the following year, perceiving no doubt the futility of their enactments, they allowed, by their act dated the 19th of September, 1726, a free trade in liards--the free importation and exportation of this coin. On the same day they appointed a committee from their body to prepare a representation to his Majesty in Council, on the subject of the relative value of the coins in circulation in the Island. This representation was adopted by the States on the 25th of November, 1726. The ulterior sanction by Council of the recommendation of the States was the occasion of serious commotions and discontent in the Island. The avowed object of the States in their request to the Crown was to prevent the exportation of gold and silver coin from the Island, and to encourage the exportation of liards to France, which they asserted passed in Jersey above their intrinsic value, and with which they were very much burdened--reasons among the very worst which could be given, or upon which a legislative enactment could be based. "An Order in Council, dated the 22nd of May, 1729, was issued, approving of the proposed alterations in the currency by the States; and it was accordingly ordered:-- "That the French silver coins be current in the said Island only according to their intrinsic value, in proportion to the British crown-piece. "That the British crown-piece do continue at seventy-one sols; the half-crown at thirty-five sols and a half; the shilling at fourteen sols; and the sixpence at seven sols. "That the French liards be reduced to their old value of two deniers each; and that the British half-pence be current for seven deniers; and the farthing for three and a half. And his Majesty doth hereby further order that the said coins do pass in all manner of payments, according to the said rates; but that this order shall not take effect till the expiration of six calendar months from the date thereof; and to the end that no person may pretend ignorance hereof, the bailiff and jurats of his Majesty's said Island of Jersey are to cause this order to be forthwith published, and to take care that it be executed according to the tenor thereof."