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Uniformity of coinage between the two countries is strongly recommended, and it might be advisable to set up a temporary Mint in Ireland for eighteen months or two years to effect a recoinage. In the long term, however, it is more economical to mint Ireland's money in London, and a permanent Mint in Ireland might have adverse effects on English trade.
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Printed in NC, 4: 380-82; see also NC, 7: 422, no. 643 and Craig, NATM, 47-8. Calendared in CSPD 1700-1702, 399, from a copy dated 4 June 1701.