An Act to Enable the Governor, Council, And Assembly of His Majesty..

1770. The First Exception to the Currency Acts [Great Britain]. [American Revolution]. An Act to Enable the Governor, Council, And Assembly of His Majesty's Colony of New York, To Pass an Act of Assembly for Creating and Issuing Upon Loan Paper Bills of Credit to a Certain Amount; And to Make the Same a Legal Tender in Payments into the Loan Offices and Treasury of the Said Colony [Drop-Head Title]. At head of title: Anno Decimo Georgii III. Regis. London: Printed by Charles Eyre and William Strahan, 1770. [ii], 679-680 pp. Folio (12" x 7-3/4"). Disbound bifolium, light toning, small chips to left edge not affecting text. $350. * The first printing of the Colony of New York Act of 1770, the first exception to the Currency Acts of 1751 and 1764. The Currency Acts heavily restricted the American colonies' right to issue paper money, but after New York's government argued that these acts hindered full compliance with the Quartering Act, Parliament relented and allowed New York to issue paper currency for public (but not private) debts. This concession was extended to the other colonies in 1773. Acts were compiled over the course of a Parliamentary session and bound afterwards. They were issued with general title pages, which were often discarded; the title page is present in the copy offered here. English Short-Title Catalogue N57135. (Inventory #: 75227)