THe Queenes Maiestie vnderstandeth , that now of late since the base and copper moneys of this Realme haue ( to the greate honour of the same ) bene altered into fine syluer moneys , by reason that a great parte of the sayde base moneys were rated at sundry small values , and that the greateste quantitie of the fine syluer moneys nowe lately coyned , hath ben in greate peeces of shyllinges , and but a small quantitie in grotes & pence , or halfpence , in respecte of haste and expedicion to auoyde the base moneys : There is rysen great anoyaunce amongst the poorer sort of her subiectes , for lacke of small moneys of fine syluer . Wherevpon her Maiestie hauyng a perpetuall care from tyme to tyme , and from one degree to another , to releeue the common hurtes or griefes of her subiectes , as they maye be perceiued : hath presently ordered , that in her Myntes no more peeces of shyllynges shoulde be coyned , but that besyde the peeces of grotes , halfgrotes , and pence , there shal be immediatly coyned in fine sterlyng moneys , halfe shyllynges of six pence , quarter shyllynges of three pence the peece , and a halfe peece thereof called three halfpence . And because a halfpeny cannot be made of such finenesse to beare any conuenient bulke , an other small peece shall also be coyned of three farthynges . All whiche peeces her Maiestie assureth her subiectes shal be of meere fine starling syluer . And whatsoeuer may be reported to the contrary ( as percase hath ben , though most falsly and slaunderously of the money already coined , as of late hath ben notoriously proued : ) Her Maiestie letteth them all to vnderstande , that she neuer entendeth ( Gods grace assistyng her ) to leese the fruicte of so famous an acte , by abasyng of the coyne of this Realme , which she founde to be for the more parte copper , and hath nowe recouered it to be as fine , or rather finer sterlyng syluer , then euer it was in this Realme by the space of these two hundred yeres and more , a matter worth markyng and memory .

And further , her Maiestie vnderstandyng what quantities of forrayne coynes of golde and siluer be here in this Realme receiued of the subiectes vpon farre greatter values then they be worth , and that nor value certeine can be sette vpon them , by reason the forrayne standardes of those moneys be so commonly chaunged for gaine , and so easely counterfayted : By which meanes the subiectes receyuyng the same , be dayly greater losers then they commonly can vnderstande , eyther in delyueryng money or wares for the same : Hath thought meete strayghtly to commaunde & charge her subiectes , that from henceforth they nether pay nor receiue any maner of coynes forrayne of golde or syluer , as , and in the name of currant money , sauyng only the Frenche crowne , and the Flemyshe or Burgondion crowne : the Printes wherof are ( for better knowledge ) in the margent of this Proclamacion playnely sette foorth , to be currant at the values lately limitted in a former Proclamacion , dated in October the second yere of her Maiesties raigne . But whosoeuer by any meanes shall haue any maner forrayne coynes of golde or syluer : the same shal from tyme to time haue at the towre of London , fully as muche money in golde or syluer of the fine coynes of this Realme , as the same shall holde in golde or syluer .