Complete copy of the 'Observations' in Pierpont Morgan Library, Acc. No. MA317(7).||Followed by a collection of preparatory notes for this and the foregoing parts of the 'Observations'.||Memorandum constituting part 3 of Newton's 'Observations on Mr P's Reply'. Rejects Pollexfen's comparison of paper money to counterfeit coin. Credit backed by good security, such as bills of exchange, bank bills, Exchequer bills, malt tickets, Million Lottery tickets, annuity tickets, etc., can be treated exactly like coin. It is the perceived value that matters.