British monarchy and its influence upon governmental institutions

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The Association acts both in a supervisory role to ensure that the standards of quality and reliability in their goods and services are upheld, and as a channel of communication for its members in their dealings with the various departments of the Royal Household. The Association ensures that the Royal Warrant is not used by those not entitled and is correctly applied by those who are.

BANK NOTES AND COINAGE

There are close ties - past and present - between the Monarchy and the monetary system. They can be seen, for example, in the title of the 'Royal Mint' and the representation of the monarch on all circulating British coinage.

The first coins were struck in the British Isles 2000 years ago using designs copied from Greek coins. Following the Roman invasion of Britain in 43 AD, the Roman coinage system was introduced. After the decline of Roman power in Britain from the fifth century AD, the silver penny eventually emerged as the dominant coin circulating in England but no standardized system was yet in place.

In the eighth century, as strong kings emerged with power over more than one region, they began to centralize the currency. Offa introduced a new coinage in the form of the silver penny, which for centuries was to be the basis of the English currency. Alfred introduced further changes by authorising mints in the burhs he had founded. By 800 AD coins regularly bore the names of the kings for whom they were struck. A natural development was the representation of their own images on their coins. Coinage played a part in spreading the fame of kings - the more often coins passed through men's hands, and the further afield they were taken by plunder or trade, the more famous their royal sponsors became. Athelstan (d. 939) is the first English king to be shown on his coins wearing a crown or circlet. For many people, the king's image on coins was the only likeness of the monarch which they were likely to see in their lifetimes.

By the end of the tenth century the English monarchy had the most sophisticated coinage system in western Europe. The system allowed kings to exploit the wealth of a much enlarged kingdom and to raise the very large sums of money which they had to use as bribes to limit the effect of the Vikings' invasions at the end of the tenth century.

For five centuries in England, until 1280, silver pennies were the only royal coins in circulation. Gradually a range of denominations began to emerge, and by the mid fourteenth century a regular coinage of gold was introduced. The gold sovereign came into existence in 1489 under King Henry VII. Throughout this period, counterfeiting coinage was regarded as a grave crime against the state amounting to high treason and was punishable by death under an English statute of 1350. The crime was considered to be an interference with the administration of government and the representation of the monarch. Until the nineteenth century the Royal Mint was based at the Tower of London, and for centuries was therefore under the direct control of the monarch.

The English monarchy was the first monarchy in the British Isles to introduce a coinage for practical and propaganda purposes. Only one early Welsh king, Hywel Dda, minted a coin, though it may not have been produced in Wales itself. The first Scottish king to issue a coinage was David I (d. 1153). Until the reign of Alexander III (1249-1286) Scottish coinage was only issued sparingly. During the reign of Alexander III coins began to be minted in much larger quantities, a result of increasing trade with Europe and the importation of foreign silver.

Реферат опубликован: 1/08/2006