The Virginia Gazette

An Act of Assembly is lately pass'd here, by which all the present Money is to be re printed and re-emitted for 16 Years, with the additional Sum of 11,110 l. 5 s. half the Interest of which additional Sum will be sufficient to discharge an Allowance made to the Proprietors as a Recompence for paying them the Quit rents in Paper-money instead of Silver: And the remaining Interest on the whole Sum to be current, being fully sufficient to support the Government without a Tax, no Man can possibly feel the least Inconvenience by that Allowance, Add to this,
that all Persons renewing their Mortgages in the Loan-Office, or borrowing Money on this Act, may do it without the usual Fees for drawing the Mortgage, Recording, &c. which are to be paid out of the Interest Money, much to the Ease of poor People. And the Proprietors agreeing to take our Paper-Money instead of Silver, for their Arrearages, &c. at 16 d. for 1 s. Sterling, the Credit of the Money is by this Expedient supported and preserved, which is a Matter of the utmost Importance to the whole Province.