Letter concerning the melting of money in Scotland into ingots Isaac Newton c. 222 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.

 4 Aug 1708, c. 222 words.

Printed in NC, 4: 521-2. Another letter on the same subject, MINT00953, also on 188r, written above.

 T 1/108.41, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives T 1/108.41 4 Aug 1708 England English Holograph Unknown Hand Mint Edinburgh Mint Correspondence Transcribed by Will Scott Metadata amended by Will Scott Letters separated & documents catalogued by Will Scott
41.276.188

By a Letter from Mr Allardes dated 21th Iuly 1708, I am informed that the Privy Council of Scotland, when my LdLord High Treasurers Order was laid before them by the CommrsCommissioners of the Treasury there did immediately make an Act for paying to the said Mr Allardes a penny per pound weight Troy for melting the money into Ingots & ordeined the CommrsCommissioners of the Equivalent to pay the same out of the Equivalent money conform to the Article of Vnion, & that accordinlyaccordingly the said Commissioners have given obedience & paid Mr Allardes some few days ago for what is already melted. The old money is the peoples untill it be melted into Ingots & the Ingots be delivered by the Agents of the people by weight & assay to the Master of the Mint to be coined, & therefore all the charges of this melting are soto bye born by the people & by consequence out of the Equivalent. For the Act of Vnion appoints that the losses wchwhich the people may sustein by the recoinage of their money be born out of the Equivalent in the first place

Aug. 4th 1708.

Isaac Newton.

Report of SrSir Is. Newton & Dr David Gregory concerning a Reward of the Commissioners for melting the old money of Scotland into Ingots.