By virtue, therefore, of his prerogative royal, and in consideration of the rents, covenants, and agreements therein expressed, His Majesty granted to William Wood, his executors, assigns, etc., "full, free, sole, and absolute power, privilege, licence, and authority," during fourteen years, from the annunciation of the Blessed Virgin, 1722, to coin halfpence and farthings of copper, to be uttered and disposed of in Ireland, and not elsewhere. It was provided that the whole quantity coined should not exceed 360 tons of copper, whereof 100 tons only were to be coined in the first year, and 20 tons in each of the last thirteen, said farthings and halfpence to be of good, pure, and merchantable copper, and of such size and bigness, that one avoirdupois pound weight of copper should not be converted into more farthings and halfpence than would make thirty pence by tale; all the said farthings and halfpence to be of equal weight in themselves, or as near thereunto as might be, allowing a remedy not exceeding two farthings over or under in each pound. The same "to pass and to be received as current money, by such as shall or will, voluntarily and willingly, and not otherwise, receive the same, within the said kingdom of Ireland, and not elsewhere." Wood also covenanted to pay to the King's clerk or comptroller of the coinage, £200 yearly, and £100 per annum into his Majesty's treasury. Most of the accounts of this transaction and its consequent agitation in Ireland, particularly those given by Sir W. Scott and Earl Stanhope, are taken from Coxe's "Life of Walpole." Monck Mason, however, in his various notes appended to his life of Swift, has once and for all placed Coxe's narrative in its true light, and exposed the specious special pleading on behalf of his hero, Walpole. But even Coxe cannot hide the fact that the granting of the patent and the circumstances under which it was granted, amounted to a disgraceful job, by which an opportunity was seized to benefit a "noble person" in England at the expense of Ireland. The patent was really granted to the King's mistress, the Duchess of Kendal, who sold it to William Wood for the sum of £10,000, and (as it was reported with, probably, much truth) for a share in the profits of the coining. The job was alluded to by Swift when he wrote: "When late a feminine magician, Join'd with a brazen politician, Expos'd, to blind a nation's eyes, A parchment of prodigious size."