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Page 506 of 2651

Author: Adam Smith

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Thus, in the assize of bread and ale, of the 51st of Henry III.
the price of bread was regulated according to the different
prices of wheat, from one shilling to twenty shillings the
quarter of the money of those times. But in the manuscripts from
which all the different editions of the statutes, preceding that
of Mr Ruffhead, were printed, the copiers had never transcribed
this regulation beyond the price of twelve shillings. Several
writers, therefore, being misled by this faulty transcription,
very naturally conclude that the middle price, or six shillings
the quarter, equal to about eighteen shillings of our present
money, was the ordinary or average price of wheat at that time.

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