The earl of Mar moved that the house would, preferable to all other business, consider the means for engaging in a treaty with England.

After a long debate they resolved to proceed on the coin and the commerce.

Schemes for supplying the nation with money by a paper credit were presented by Dr.
Hugh Chamberlain and John Law, but rejected.

The house resolved that any kind of paper credit, by the circulation of bills, was an improper expedient, and appointed a council to put the laws relating to trade in execution.

The duke of Hamilton proposed that the parliament should not proceed to the nomination of a successor until the treaty with England should be discussed, and the limitations settled.