Receipt for Bills of Exchange
ADS: Historical Society of Pennsylvania
[April 3, 1757]
List of Bills of Exchange8
|Scot & McMichael||£340.||0s.||0d.|
Receiv’d April 3. 1757 of the Trustees of the Loan Office, the above three Setts of Bills for Seven Hundred and fifty Pounds Sterling by Order of Assembly.
65 per Ct. Exchange
Endorsed: Benjamin Franklin his Rect for £750 in Sterlg Recd in Bills of Excha. at 65 per Ct. Exchange9 £1237. 10s. 0d. paid April 14th 1757 Entered in Trustees accot. in the Votes 1757.
8. On the eve of his departure for New York and England, BF settled his public accounts and received an allowance “for transacting the publick Affairs of this Province in Great-Britain.” He received the bills of exchange here listed as half payment of £1500 sterling voted by the Assembly for the expense of his mission on April 1, the other half to be remitted on his order. Votes, 1756–57, p. 107. On March 17 he had also received £201 4s. 3d. “for immediate Services” and £210 13s. 9d. “for establishing a Post to Winchester, &c.” Ibid., p. 166.
9. That is, the exchange rate was: £165 Pennsylvania currency equalled £100 sterling.