[Document, 1720 May 19]


[Document, 1720 May 19]
Library Location
Digital Project
Papers of John Jay
May 19, 1720
Physical Description
5 pages
United States--History--Colonial period, ca. 1600-1775; Jay, John, 1745-1829
Having considered the act passed in the Colony of New York on 23 December 1717 and the petition of several merchants trading at New York on behalf of themselves and others, the council recommended the act to His Majesty. Nevertheless, their Lordships thought that instructions or a circular letter should be sent to the Governors of all His Majesty's plantations in America that in the future they not pass any law to issue bills of credit or any law for the payment of money to the Governor or Council or Assembly or any other person whatsoever without a clause inserted which declares that such acts except for laws for raising and settling shall not be in force until approved and confirmed by His Majesty, [except for laws for raising and settling a public revenue to defray necessary charges of the provincial government]. His Majesty gave his approval of the act and also ordered that instructions or circular letters be sent to the Provincial Governors defining the conditions under which bills of credit might be issued. From the Council Register. Entered before the Commission to settle the boundary between New York and New Jersey 2 August 1769.