Preparatory notes and calculations concerning Dutch trade and English customs on it for <ref target="/catalogue/record/MINT00720">MINT00720</ref> (Mint 19/3/498-9) Isaac Newton c. 707 words Newton Project London 2020 Newton Project, University of Oxford

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 After 18 August 1705, c. 707 words. 'An Acct of ye cost & charges of sending Tynn to Amsterdam & selling it there by commission.' [MINT 19/3/498-9] MINT 19/3/512, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/3/512 England After 18 August 1705 English Holograph MintTin Trade Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Kees-Jan Schilt
yearly excess of the expesence above the income31084 This excess advanced seven times217588 Interest upon the seven advancements44761 The late Queens debt upon the Tyn191200 Interest upon the money raised to pay this debt68832 Total expence above the income522381
Tuns averdup. Tyn left by the late Queen5200 Tyn wchwhich will be received by the king in seven years13880 Tyn wchwhich will be sold in seven years9450 Tyn wchwhich will remain ain the kings hands at the end of yethe contract}9630

So great a stock of Tyn wthwith what will be further raised in Cornwall must of necessity clog the markets & beat down the price of Tyn so low that after the contract ceases it will scarce sell for more then 40£ per Tonn nor be sold in less then 10 or 12 years time.

If 963 Tuns per an̄annum could be sold at 40£ pr Tunn the ~ ~ ~ ~ present value of the wholeannuity for ten years would be 283510£. From wchwhich if the charges of warehouse room be & selling be deducted there will scarce remain 280000£. Which being deducted from yethe 522381£ leasves the Kings laoss by the contract 242381£, or in round numbers, about 250000£, that is about 35000£ or 36000£ per ann̄annum at a medium.

90, 315 28350 2620,90 235800
76) 400000 (5263 200 152 480 456 24
3772,6 3563 76 21378 24941 270788
416) 5240 (1257∟6. 416766 10733 8333 240 2083 317 2917 25
256:: 5240. 3563∟2. 10480 15720 - 873 14847 2347 208333 26366 1366 1,1,66 65) 98920 (1526 3242 3250 9170 130 40 65) 9820 (1510 3320 325 512 Tin re in the Queens hands At the beginning of theis contract June [224] 16710 in yethe Queens handsTunns Av. 2400 Added 800 + 57800 3200 Left by the Queen at her death5200 Increased in 4 years & six weeks38 days2000 Received in 4 years 667 60T. stan = 6760 + 483 T:A = 7243 T. Av.7243 Sold off in 418 years5243 Sold per an̄annum at a medium, 33 ) 41944 ( 12711271 Will be sold in 3278 years 3813 - 159 = 36543654 Will be received in 3 years - 5520 + 1397 = 59175917 Will be added to the dead stock in three years2263 Total dead stock at the end of thsis contract will be74636. The sale of 1271 Tuns Av. annually will 3654 Tuns at 76£ per T. will produce 21924 25578 277704277704£ And leave 1546 Tuns of the Quuens stock. The Queens If 380 Tuns of yethe dead stock could be sold annually at 44£ per Tuns it would produce an annuity of 3320 3320 36250 36520£ for 9 years together wchwhich discounting interest at 5 per cent would be worth in ready money 7.10782 X 36520 = 259577£. Subduct the charge of selling & warehous room about 4000 & there will remain about 255000£, the value of the Tynn remaining at the end of the contract. Sub Advanced for The Advanced bfor buying 5520 Tuns st. wt in three year, & at defraying all other charges (331200 + 49680 + 5520 + 388411652)3958052 thereof Received in 3278 years by the sale of 3654 Tuns of Tin at 5 pr cent107474 89562 Interest upon the money advanced89562 RdReceived by sale of Tyn in 3278 years 277704£ whereof about 200000£ being a debt upon yethe Tyn the reaminder is 2777487614 277704 The value of the Tyn remaining a the end of the contract250000 328000 160000 Advanced for buying 5520 Tunns St wt in three years380880}40000 For Freight5520 For Other expences & accidents13600 Interest upon the money advanced at 5 pr cent. 900000930000 Total expence4930000 Received by sale of Tyn in 278 years 277704£, whereof about 2010000 is a debt upon Tin. The remainder is67704 If 830 Tuns of the dead stock could be sold annually at 44£ per Tun it would produce annually an annuity of 36250 for 9 years together, wchwhich, discounting interest at 5 pr cent would be worth in ready money 259577£. Subpduct for the charge of selling & warehouse room & accidents about 4000, & the remainder 255577£ will be the value of the dead stock in ready money at the end of the contract}255577 Total income323281 Loss by the contract1766719