There does not appear to be any Objection to allow the States of Jersey & Guernsey to Issue Silver Tokens on condition that Provided there are Coined at the Royal Mint with Silver Provided by the Parties & that the States also Issue them Covenanting that the law rests on the occasion to Receive them back Whenever it becomes necessary to Call them in at the Rate of their Issue.
The States must however be aware of the hazard of Counterfeits which always attend the Issue of Tokens above their Bullion Value & must diligently watch over their Circulation lest the introduction of Counterfeits should destroy the Confidence of the People in the currency of the legitimate Currency of the Tokens.
