Holograph draft balance sheet for the Edinburgh Mint 1704-9 Isaac Newton c. 1,366 words The Newton Project Oxford 2017 Newton Project, University of Oxford

This metadata is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

 c. 1710, c. 1,366 words.

Draft of a covering letter to the Treasury including notes on discrepancies between English and Scottish weights and summaries of legislation relating to the master's allowance, with queries about whether the poundage is to be based on Scottish or Troy weights, and related calculations.

 MINT 19/3/31-32, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/3/31-32 c. 1710 England English Holograph MintEdinburgh Mint Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott
31400

According to yoryour LordpsLordships verbal order I have have here humbly lay before yoryour LordpLordship the state of the case about the allowance to be made to Master & Worker of her MajtsMajestys Mint at Edinburgh for the coinage. of silv per pound weight.

By the Indenture of her MajtiesMajesties Mint in the tower of London the allowance for coinage of silver moneys in the Tower is after the rate of 1612d per lwtpound weight Troy.

By an Act of Parliament made in Scotland A. C. 1686 The Mas the allowance for coinage of silver moneys in her MajtiesMajesties Mint at Edinburgh is after the rate of 20 pounds scotishscottish per stone weight scottish,[& a stone weight Scottish is after the rate of conteins [16 pounds, each of 16 ounces Scottish.] conteins 20℔. 11oz. 6dwt 16gr Troy weight]. Whcih a] that is after the rate of about 1712d English per pound weight Troy And recconing 3 pounds scottish to be worth 4s 6d12 scottishEnglish, as it is according to the intrinsic value of the moneys of both nations. AndBut by an order of Council of Scotland made upon the Vnion 3 pounds Scottish was put equivalent to 5s English, & by this recconning this bring the allowance for coinage to 19111d per lwtpound weight Troy Quære Quære whether Quære what shall The Quære whether the clate coinage of silver moneys shall be paid for according to yethe rate set down in the Indenture of the Mint or according to the Scotis said Act of Parliament rate set down in the said Act of ParliamtParliament or according to the order of Council & the said Act together. The AcctAccount of G. Allardes Es Master & Worker of her MajtsMajestys Mint at Edinburgh from yethe day of 17054 ~ ~ to the day of 1709 Charge Remaining in my hands }upon the foot of the last AcctAccount or due to me Received April 1705 lisd 1705 April 1705 Received by Precept on yethe Collector of yethe Bullion 100.00.00 1707 March 3 Received more 200.00.00 April 2 Received more 150.00.00 Septr 1 Received more 500.00.00 Decembr 31 Received more 500.00.00 1708 IJan 9 Received more 500.00.00 Sept. 24 Received more by her MatiesMajesties Warrants from Mr Stewarts Representatives } 2600.00.00 1709 Feb 22 Received more 575.00.00 1710 RecevedReceived more by order of the Barons of herof the Collectors of the Bullion by order of her MajtsMajestys Exchequer of North Britain } 1710 Received more Received & borrowed of the Moneyers of her Mof the of the } 2437.12.1 Mint in London on her MajtiesMajesties acctaccount Received for eight horses 32 To the coynage Masters allowance for yethe coinage of 64 stone 13pd scots weight in March Aprill & May 1705 at 20li stotsscots or 1. 13. 4 sterling per stone } 108.0005 To an acctaccount of steel & iron for that coinage To &c To the Masters allowance for the coynage of 104227lwt 10oz English Troy weight at 19d111110111 per lwt, abating 8d pr lwt still due to the Moneyers for the coynage of 8293li 18s 9d whereof 2015 244637. 132. 41 is due from yethe Executors of Mr Allardes to the Provost & Corporation of the Moneyers in her Majts Mint in the Tower of London } 8293.18.9 To the Masters allowance for the coynage of 104227lwt 10oz English Troy wtweight, at 1li 13s. 4d pr stcots stone weight wchwhich equalls 15 ounces 16 19d & about yethe 11th part of a penny answering to per lwtpound weight answering to 1. 13. 4 – – – – English } 8293.18.9 Of wchwhich summ the moneyers of her MajtsMajestys Mint in London have received from Mr Allardicese 1429. 6. 2 & there remains still tdue to them from the Executors of the said Mr Allardes the sfurther summ of 2437. 12. 1 In the first case the allowance comes to about 1712 per pound weight in the second to something more then 1712d in the third to about 19111d per pound weight Troy. Whether the Mint in Scotland was allowed 20 pounds Scots upon the stone weight of silver moneys for the coynage thereof. And 3 pounds Scots is worth 5412s at the just value but the Scots valued 13 pounds shillings Scots at 12d English before the union & at 13d English at yethe in distributing the Equivalent. Quære By the indenture of the Mint the Master & Worker is allowed sixteen pence half penny for coynage per pound weight Troy for the coynage of silver moneys. The words of the Indenture are hereunto annexed. And the said Isaac Newton .... worker. The question is what shall be allowed in yethe acctsaccounts of yethe late MrMaster & WrWorker per po upon the pdpound wtweight Troy for the late coynage of silver moneys. By her MatiesMajesties warrant to wchwhich a copy of this Indenture was annexedof Iune 20, 1707 the Officers of her MajtiesMajesties Mint at Edinburgh for putting the Act of Vnion in execution were directed to observe the same rules set down in the rules of coynage set down in the said indenture wthwith respect to their several Offices. The words of the Warrant are hereunto annexed. By a clause of an Act of Parliament made in Scotland A. C. 168690 for a free coynage the Officer Masterthe Master of the [entituled An act Act anent an humble offer to his MatyMajesty anent for an imposition upon certain commodities for defraying the expence of a free coynage it is ordeined, That the Master of the Mint have allow considering that by the Act of Parliament anent 1686 anent a free coynage there is only allowed eighteen pounds Scots upon the stone weight of silver for defraying the whole charge vast expences & loss upon the its coynage wchwhich allowance is found by experience to be too small & insufficient: therefore their MatiesMajesties with advice & consent of the said estates do hereby Rescind in all time coming that clause of the aforesaid Act, & further statute & ordein that the Master of the Mint have allowed to him in time coming twenty pound Scots instead of yethe said eighteen pounds Scots upon the stone weight of silver, as the just & reasonable allowance for defraying the said charge expence & lose upon its coinage in manner provided in the said Act.] A scots stone weight is in English Troy weight 20℔. 2oz. 7dwt. 14gr & 20 pounds wasere worth 30s. 4412d English at an equal value before the union but upon the union waswere by the Privy Council of Scotland valued at 34s. 4d english in disposing of the Equivalent, & according to this value the coinage amounts to about 19111 pence english per pound weight Troy. 12 These Scots abovementioned Acts of Parliament are ceased & whether there by any other grant of 20 pounds scots prper p stone wtweight scots still in force I do not know., or how far custome grounded on these Actsor the Act of to wthith the said order for this allowance may obtein is the question.may obtein may obtein, from or the Act of Vnion f wth the Indenture of the mint may be insisted on for an less allowance may obtein is the question. of the allowance be stated of 1612d or how the allowance shall be regulated by reason & justice according to her Majties pleasureyour LordpsLordships great Wisdom is the question. 3. If these be no other grant the question is Tthe questions is how far inste the judgment of the said ParliamtParliament of 16960, or& custome grounded upon their Act, Patent together with the said order of Council in a P may obtein for the for this allowance, or the Act of uVnion wthwith the Indenture of the mint prevail for a less allowance, or how yethe allowance shall be regulated by reason & justice according to yoryour LordpsLordships great wisdome. is the question. 21. The Master could have coined the new money cheaper (but not so well) by his thehis old method of coining then by the new, tho not so well. but the coinage would not have been performed so well. Mr Foord