'An Accompt of the Deficiency of the Coynage Duty' Isaac Newton c. 1,223 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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

 After 4 November 1696, c. 1,223 words.

Detailed statement of outstanding payments due to the individual country mints for various operations during the recoinage (to 4 November 1696).

 MINT 19/1/310-11, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/1/310-11 After 4 November 1696 England English Holograph Clerical Hand MintCountry Mints Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott
310164

An Accompt of the Deficiency of the Coynage Duty.

The Debts of the several Mints upon accompt of the Deficiencies of clipt & other hammered monies & of the Recompences given to Importers are already provided for by the Taxes upon Glass windows & Paper. That which remains to be provided for is by the Deficiency of the coynage Duty upon this extraordinary occasion for defraying the charges of melting refining & coyning, & paying off the Bills of severall workmen, the other incident charges & the salaries.

The charge of melting refining & coyning the publick monies is already provided for & so is that of all the private monies imported between the fourth of November 1696 & yethe first of Iuly 1697 at yethe rate of 5s 4d per ounce & of the Plate imported by the Vndertakers at yethe same rate till Novemb. 4th 1697. There remains only a Deficiency upon the coynage Duty for paying the charges of melting refining & coyning the Gold in the Tower the silver lent by his MajtyMajesty upon the Glass window Act to the Country Mints, the clipt monies Plate & silver Bullion imported since & of the Buildings & other Incidents & the salaries: the accompt of all wchwhich (after the rate of fourteen pence per pound weight for coynage, four pence per pound weight for the second melting, one penny per pound weight for first melting & one penny per pound weight by a meane estimation for refining & reducing the imported silver to standard) is in the several Country Mints as follows.

In his MajtiesMajesties Mint at Bristoll.

Due for the first melting of 13317lwt. 2oz. 15dwt of clipt monies imported before Nov. 4th 1696 55. 9. 9 Due for first melting of 2597. 11. 10 of wrought Plate imported before Nov. 4th 1696 10. 16. 6 Due for first melting of 12782. 0. 15 of hammered monies imported as bullion till the beginning of March last 53. 5. 2 Due for reducing all the aforesaid silver to standdtart 119. 11. 5. The standard weight of all the aforesaid silver is 28293. 2. 17. 22. And that of the silver lent by his MajtyMajesty to this Mint is 993. 1. 10. 12 And for the second melting of yethe whole there is due 488. 2. 1 aAnd for coynage thereof 1708. 7. 5 Due to the Engineer for tools for this Mint 547. 10. 0 Salaries due for half a year to end at Midsummer 315. 00. 0

Total due

 3298. 2. 4

At his MajtsMajestys Mint at Exeter

Due for the first melting of 15328lwt. 11oz. 15d of clipt monies imported before Nov. 4, 96. 63. 17. 5 Due for first melting of 3416. 4. 20 of wrought Plate imported before Nov. 4, 96 14. 4. 7 Due for 1st melting of 14010. 0. 0 of old monies imported as bullion till the present time 58. 7. 6 Due for refining & reducing to standard all the aforesaid monies & plate 136. 9. 7. tThe standard weight of all the aforesaid silver is clipt monies & plate is 18 714. 100. 14. 148. That of the Bullion 13714lwt & that of the Kings silver 992. 3. 12. 0 & for the second melting of the whole there is due 557. 10. 1 And for the coynage thereof 1949. 10. 6 Due to the Engineer for tools for this Mint 270. 9. 6 Salaries for half a year to end at Midsummer 315. 00. 0

Total due

 3363. 19. 3

At his MajtsMajestys Mint at York

Due for the first melting of 317700lwt. 10oz. 10d of clipt monies before Nov. 4th 1696 73. 15. 1 Due for first melting of 3148. 1. 0 of wrought Plate imported before Nov. 4th 1696 & 25. 1. 0 afterwards 13. 4. 5 Due for first melting of 1799.2. 2. 10 of hammered moneys imported before yethe beginning of last March 7. 9. 6 Due for reducing all the aforesaid silver to standard } 94. 9. 5 The standard weight of all the aforesaid silver is 22190. 4. 0. 10. & the standard weight of the Kings silver 996. 3. 6. 5 & for yethe second melting of the whole there is due 386. 8. 10 And for the coynage thereof 1352. 11. 0 Due to the Engineer for tools in this Mint 567. 14. 0 Salaries for half a year to end at Midsummer 315. 0. 0

Total due

 2840. 12. 8

In his MajtsMajestys Mint at Norwich

Due for the 1st melting of 13268lwt. 4oz. 15d of clipt monies imported before 4th Nov. 196 55. 5. 8 Due for 1st melting of 1970. 6. 19 of wrought Plate imported before Nov 4 1696 8. 4. 3 Due for 2st melting of 1457. 10. 8 of Bullion imported before the beginning of last March } 6. 1. 6 Due for reducing all the aforesaid silver to standard } 69. 11. 4 The standard weight of all the aforesaid silver is 16875. 2. 1. 2 & that the Kings silver 499. 1. 19. 15 & for the second melting of the whole there is due 289. 11. 5 And for the coynage thereof 1013. 10. 0 Due to the Engineer for tools 270. 09. 6 Salaries for half a year to end at Midsummer } 315. 0. 0

Total due

 20267. 13. 8

In his MajtsMajestys Mint at Chester

Due for the first melting of 6492lwt. 8oz. 2dwt of clipt monies imported before Nov. 4 1696 27. 1. 1 Due for the first melting of 1970. 6. 19 of wrought Plate imported before Nov. 4 1696 1. 2. 3 Due for the first melting of 7926. 6. 4 of Bullion imported before the beginning of last March 33. 0. 6 Due for reducing all the aforesaid silver to standard 61. 3. 10 The standard weight of yethe said silver is 14531. 4. 4. 9 & that of the Kings silver 498. 2. 11. 10 for the second melting of both there is due 250. 9. 10 And for the coynage thereof 876. 14. 5 Due to the Engineer for tools 541. 14. 0 Salaries for half a year to Midsummer } 315. 0. 0

Total due

 2106. 5. 11 Total due in all the country Mints 13606. 13. 10 Paid short to Exeter Mint in Exchequer Bills to clear the four pence per ounce Recompence } 2320. 3. 10 Due in all the Mints to Workmen about the buildings } 1000. 0. 0 Due for incident charges of the coynage in all yethe Mints 1000. 0. 0
l Due in all the Country Mints for melting & coyning the melters supply of yethe 1st melting } 100.0.0 Due to the Gentlemen that took in the old money at the several Mints at the first beginning about 10000.0 Due for the 4d recompence of 616lwt. 10oz. 2d of Plate at Chester & 234lwt. 2oz. 4d of Plate at Exeter brought in by private Importers before Nov 4th 1697 } 14.3.4 Memd Memorandum that the debt of ye the Engineer for tools for ye the Country Mints bei ng about 2200℔ be deducted from ye the foregoing accompt, the same being recconned in ye the accompt of ye the Engineer for ye the London Mint.