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著者: Adam Smith

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During the continuance of this abuse (which prevailed chiefly in
1762, 1763, and 1764), while the exchange between London and
Carlisle was at par, that between London and Dumfries would
sometimes be four per cent. against Dumfries, though this town is
not thirty miles distant from Carlisle. But at Carlisle, bills
were paid in gold and silver; whereas at Dumfries they were paid
in Scotch bank notes; and the uncertainty of getting these bank
notes exchanged for gold and silver coin, had thus degraded them
four per cent. below the value of that coin. The same act of
parliament which suppressed ten and five shilling bank notes,
suppressed likewise this optional clause, and thereby restored
the exchange between England and Scotland to its natural rate, or
to what the course of trade and remittances might happen to make
it.

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