Memorandum concerning Scottish poundage Isaac Newton c. 479 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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 14 February 1709 [= 1710], c. 479 words. Treasurer

Draft of T. 1/120.44, MINT00957, dated 16 February 1709/10 (printed in Shaw, 169-73 and (as two documents) in NC, 5: 14-16).

Describes four possible ways of calculating poundage at the Edinburgh Mint (on account of uncertainties about the respective values of both weights and currency between England and Scotland). Encloses copies of relevant legislation and asks for a decision as to which method should be followed.

 MINT 19/3/17, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/3/17 14 February 1709 [= 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, with retrofitting of normalized MINT00957
17391

To the most HonbleHonourable the Earl of Godolphin Lord High Treasurer of great Britain.

May it please yoryour LordpLordship

According to yoryour LordpsLordships verbal Order I humbly lay before your Lordship the state of the Question about the allowance to be made in the accounts of Mr Allardes for the late coinage of silver moneys at Edinburgh

By the Indenture of the Mint in the Tower the Master & Worker is allowed sixteen pence half penny upon the pound weight Troy for the coinage of silver moneys. The words of the Indenture are hereunto annexed

By her MatiesMajesties Warrant of 20 Iune 1707 for putting the Act of Vnion in execution, the Officers of her MatiesMajesties Mint at Edinburgh were directed to observe the rules of coinage set down in the said Indenture with respect to their several offices: But I do not remember that any alteration in the allowance for coinage or in the salaries was then under consideration. The words of the Warrant are hereunto annexed.

By an Act of Parliament made in Scotland A.C. 1690 the Master of that Mint was allowed twenty pounds Scots upon the stone weight SotsScots for coinage of silver moneys, & this allowance was in use till the union. The words of the Act are hereunto annexed. Three pounds Scots are worth four shillings sixpence half penny at the English at their just value. But the nation of Scotland valued thirteen shillings Scots at twelve pence English before the union while the said Act of Parliament was in force, & at thirteen pence English in distributing the Equivalent. In the first case tThe allowance for coynage comes upo the pound weight Troy comes in the first case to almost seventeen pence half penny upon the pound weight Troy, in the second to something more then seventeen pence half penny, in the third to something more then nineteen pence, upon the pound weight Troy. There hath been coined 104227lwt. 10oz. Troy, & the whole allowance ☉ ☉ There hath been coyned 103346 104227lwt 10oz Troy, & the whole allowance for the coinage thereof comes in the first case to 75533. 13. 2 in the second to 7655. 18. 10, in the third to 8293. 18. 9, & by the Indenture of the Mint it comes only to 7165. 12. 3. And for paying all the acctsaccounts relating to that coinage, there is in the funds a deficiency of about two or three thousand pounds.

The question is, what shall be allowed in the AcctsAccounts of Mr Allardes upon the pound weight Troy for the said coinage.

The question is, what shall be allowed in the Accounts of Mr Allardes upon the pound weight Troy in the whole for the late coinage of silver moneys.

Which is most humbly submitted to your

Lordships great wisdome

Mint Office 14 Feb. 1709.

Is. Newton