Issue of July 5, 1707

The Issue of July 5, 1707 series of South Carolina Colonial Currency in the U.S. Currency contains 6 distinct entries.

£8,000 (£5,333 6s8d sterling at 50% advance) in indented Proclamation Money Bills were issued to exchange for the prior issue and to finish Charleston fortifications, etc., with legal tender up to 40s and receivable for taxes. Originally to be redeemed in two years, but extended by the Acts of July 12, 1707, July 24, 1708 and Mar. 1, 1710/11 until July 12, 1716. Engraved and printed by Nicholas De Longuemare, Jr. Signers were Richard Beresford, Thomas Broughton, Thomas Nairne, Thomas Smith, and William Smith.