The fall in the purchasing power of money, and especially of the debased vellon coinage, necessitated an increase in the ration.
The Suprema, however, computed its salaries in silver and paid in vellonwith the discount added.
Payments were made every three months in advance; the first tercio, on January 1st, and the second on May 1st, were made in vellon with the customary addition of 50 per cent.
In 1680 the members made a special grant to themselves, for they ordered the salaries to be paid one half in silver and the other half in vellon with a hundred per cent.
Another device by which the depreciation in vellon was made a pretext for augmenting salaries is shown by the receipts for 1670.
Besides this, a duty has been laid upon the silk sent out of the kingdom, of nine reals of vellon and one quartillo (1s.
This began tentatively in 1566 by Philip II, in diminishing the alloy of silver in the vellon or copper coinage.
Under these modified instructions a treaty of indemnity was concluded (February, 1834), and the sum of twelve millions of reals vellon stipulated to be paid to the government of the United States, for distribution among the claimants.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "vellon" in a variety of sentences. We hope that you will now be able to make sentences using this word.
