Draft of <ref target="/catalogue/record/MINT00706">MINT00706</ref> (Mint 19/3/487) with variant figures but to the same general effect Isaac Newton c. 437 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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 Nov. 1709, c. 437 words. Correspondence relating to the tin trade [MINT 19/3/486-7] MINT 19/3/490, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/3/490 Nov. 1709 England English Holograph MintTin Trade Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott, with some retrofitting of normalized MINT00706 Corrections made by Will Scott
490

To the RtRight HonbleHonourable the Lord High Treasurer of great Britain.

May it please yoryour LordpLordship

In obedience to yoryour LordpsLordships Order of Reference of the 9th instant upon the annexed representation of the Gentleman owners of Tin lands in Cornwall to the Lord Warden of the Stannaries relating to a new contract for Tinn: we humbly represent that by the course of the sale of Tin this & the four last years there has been sold in Cornwall & London at a medium about 1560 tunns per anannum stannary weight, wchwhich being deducted from 1600 Tunns received annually from Cornwall, & aboutallowing 420 tunns more for Devonshire, there hath remained about 820 Tunns yearly unsold, so that 1520 tunns of Cornish Tinn & 40 Tunns of Devonshire Tin has been sold yearly, more or less; and if the same course of the sale continues, there will remain at the end of the present contract so much tinn unsold as at yethe rate of 3li 16s per Ccwt averdepois will produce about 180000li. And so long as the same course of sale continues, if six per cent (the interest of the moneys now advanced to the owners of Tinn-lands) be allowed upon the said dead stock of 180000 & the coinage duty & post groats be paid, & 1400li allowed annually to her MatyMajestybeen accounted sufficient as sufficient to answer accidents & unforeseen charges, her MatyMajesty may upon an equal con without losinwithout losing by the contract give 3. 9. 6 per Ccwt stan.stannary weight for 1520 tunns of tinn the quantity annually consumed, as will appear by the following account.

1520 tunns of tinn at 3li. 9s. 6d prper stan.stannary wtweight 105640 Freight to London 2035.14.3 Salaries in London 1350 Incidents & Porters in London 200 Passing accounts 90 Salaries in Cornwall & 30 to Truro 1540 Incidents in Cornwal 6700 Interest of 18000 at 6 prper cent 10800

Total

 122359.14.3 Insurance & other accidensts & unforeseen charges 14511.14.0 Produced annually by sale of tin at 3li 16s prper Ccwt st.stannary wtweight 123771.8.7

If it be supposed that the consumption may carry annually 1600 or 17800 tunns stannary: it will appear by the like recconing upon sup that supposition, that her MatyMajesty may give 3li 10s in the first case & 3li. 11s in yethe second, & so in proportion forto a greater or less consumptioon But every 100 tunns purchased above what the consumption will carry off makes a dead stock annually increasing, the interest of wchwhich at 6 prper cent will in the end of seven years amount to about ten thousand pounds.