Lervants which are stated in pounds sterling may properly be discharged at the rate 7 4/2 a dollar. But it is not considered that Equity requires the same rule to be applied to the payment of troops; and I should wish you to indicate any other obligations in respect of which the same question would arise.
On the second point, it appears that a Colonial Ordinance might properly be passed converting all fees & taxes now calculated in pounds shillings & pence into dollars at the rate of 4/2 to the dollar. Obligations arising from contracts could not be summarily dealt with.
I should be glad to learn to ...
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