Early Paper Money of America / South Carolina / 1720 June 18 Act

Early Paper Money of America (NNP Edition)|£19,000 (£3,800 sterling at 400% advance) in “Rice Bills” issued in anticipation of collection of taxes in rice at 25s per hundredweight (112 pounds). £15,000 from this and the previous issue were reissued as legal tender bills pursuant to the Sept. 21, 1721 Act which was repealed by England on Aug. 27, 1723 leaving the financial affairs of South Carolina in chaos. Denominations are not known.