Variant draft of <ref target="/catalogue/record/MINT00461">MINT00461</ref> (Mint 19/1/378) Isaac Newton c. 887 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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 1715, c. 887 words. Draft clause for insertion into the Coinage Act [MINT 19/1/378] MINT 19/1/376, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/1/376 1715 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 from MINT00461
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Fol. 3. lin. 1. After the words [in the body of the present Act.] add with relation to the Mint or Mints in England.

And whereas by the Act of Vnion made in the sixt year of Queen Andn, a Mint is to be continued in Scotland under the same Rules as the Mint in England: Be it further enacted that all the money arising in England by this Act & also six per cent of all the moneys arising in England thereby shall be issued out of his MatsMajesty's Exchequer to the Master & Worker or Masters & Workers of his MatsMajesty's Mint or Mints in Scotland for the use & service of that Mint by such Order or Warrant as the like moneys arising by this & former Acts in Englandin England by the Acts for encouragement of coinage are & have been issued to the Master & Worker of his MatsMajesty's Mint in England to be kept in his MatsMajesty's Office of Receipt in the said Mint of Scotland under the keys of the Master & Worker, Warden & Counter-Warden or Comptroller of the said Mint for the time being, & issued out thence from time to time according to the manner & course of his MatsMajesty's Mint in England.

And it is hereby further enacted that there shall not be issue out of the said said Office of Receipt or Exchequer of the said moneys in any one year for the fees & salaries of the Officers of the said Mint & Officers who issue the said Moneys & pass the Accounts thereof the said moneys & towards the providing maintaining & repairing of the houses offices & buildings & other things necessary toIncidents of the said Mint necessary for assaying melting down & coininage, & And necessary charge of Incidents which accompany the same & not otherwise. above the summ of hundred pounds sterling money, & the overplus of the said moneys so kept or to be kept as aforesaid, shall be employed for & towards the expence wast & charge of assaying melting down & coinages & the necessary charge of incidents accompanying the same necessary incidents of the coinage thereofof the incidents necessary of the necessary incidents thereof wchwhich wchwhich relate thereunto & accompany the same, & not otherwise.

NB. The charge salaries By the Act of the first Parliament of K. IJames VII chap. XXIV, there were allowed for salaries, maintaining the Fabric of the Mint house providing of new Tools & other incident charges relating to yethe Mint 1200 pounds Scots & the overplus was for a free coinage of silver after the rate of 18 pounds per stone. No provision for a free coinage of gold. If th The 12000 pounds Scots reduced into English money (after yethe rate of 4s 6d to yethe 60 shillings piece) amounts to 900li sterling, & by raising the StotsScots money at yethe union it amounts to 1000li (wchwhich raising ought not to affect England) & if the salary of the Clerk of yethe bullion amount to 333li. 13s. 4d scots & the providing of coining tools be deducted there will remain about 990940li. Whence 1000li sterling is sufficient for the filling up the blank.

NB aAlso yethe

to be issued [by such Order or Warrant as above]upon account by such Orders or Warrants as above to the Masters & Workers of the said Mints or either of them as shall be necessary for defraying the Expences of the said Mints or Mints [brespectivelyrespectively by way of imprest & upon necessity for the usethe use & service of the said Mint or Mint respectively &] expressing that they such Order or Warrants as above expressing that the money so issued are for the use & service of the samide Mint or Mints respectively, so as the moneys so issued together with the coinage Duties arising by this Act do not exceed in any one year the summ of fifteen thousand pounds.

to be issued upon account by such Orders or Warrants as above to the Masters & Workers of the said Mints or either of them as shall be necessary for defraying the expences of the said Mints or Mints respectively, so as the moneys so issuedsame together with the Coinage dDuties arising by this aAct do not exceed in any one year the summ of fifteen thousand pounds.

And [that no stop may be put to the coinage in either of the said Mints for want of moneys be it further to defray the charges thereof Be it further enacted] that at the end of every quarter of the year the charge of coinage shall be paid before first paid & incidents relating thereunto shall assaying melting & coininage in that Quarter shall be first paid in the first place & the deficiency for paying the salaries if any there be, shall rep be upon the salaries to be satisfiedsupplied as above in the said Mints or either of them at the end of the year.

& that at yethe end of every Quart the charge of coinage be first paid out of the coinage moneys & that of Salar the deficiency remain upon the salaries untill it shall be made good out of the other moneys so issued.