To the Kings most Excellent Majesty in Council
The Petition of a Committee of both Houses of Assembly in the Colony of N. Carolina.
That by the Resolves of both Houses of Assembly your Petitioners have been appointed to represent to your most sacred Majesty the present distressed situation of this Colony, for want of a currency to answer the purposes of paying their internal Taxes, and for a medium in Trade.
The paper currency at present circulating will this year be due and payable to the Publick, when the distresses of the poor inhabitants of this Colony will be inexpressible, as they will not have wherewith to pay the internal Taxes, and other considerable debts, neither is it in their power by any of the produce of their lands to obtain Gold and Silver to answer any of those purposes.
We beg leave to represent as the sense of both Houses of Assembly that they will not by any Bill or Act of Assembly make any currency to be a lawful Tender for what now is, or may become due or payable to the Crown, or to Merchants or others residing in Great Britain, but that the same shall be made payable at the full sterling value.
Your Petitioners do most humbly pray your most sacred Majesty, that you will be graciously pleased to grant the Royal Licence for emitting in this Colony to be current for the term of sixteen years the sum of one hundred thousand pounds Proclamation money, not exceeding the value of seventy five thousand pounds sterling, which