Holograph draft notes relating to the tin trade, probably preparatory to MINT00696 (Mint 19/3/538) or a closely related document, with lists of expenses and several series of calculations, some relating to the tin trade and others to astronomical movements
The interest of {illeg}|8|00000li constantly advanced comes to 3s p stannary weight to be deducted from ye price of {illeg}|3|li 14s per C. And so in proportion for t{illeg}|he| interest of a greater or lesse{illeg}|r| summ advanced. And \therefore/ is ever since ye first year & half \of the present {illeg}|interest|/ the Queen {illeg}|has| been advanced more or less about 200000li {illeg} \the interest/ comes to 7s 6d to be deducted from ye pr C to be deducted from ye present price {&}|o|f {illeg} 3li 14s pr C, & so leaves 3li 6s 6s {sic} as an equitable price pr C including {s}|t|he Coynage Duty: And this without considering the further loss wch the Queen\Crown/ will sustain at {the} {illeg} of ye contract by the fall of the price of the Tin.
<539v>So that ye account is about eaven wthout recconing interest for money advanced.
The interest of every 20000li advanced is \at 6 pr cent amounts to/ 9d per C stannary weight. And therefore if after ye first years & half of the \present/ contract there has been \about/ 200000li (more or lesse) advanced, the interest amounts to 7s 6d per C stannary wt. to d|b|e deducted out of the price of 3li. 14s per C. {illeg}|W|hich abatement being made\And by this deduction/ the price {remainging} becomes 3li. 6s. 6d per C stannary weight.|,| |including coynage duty.|
And in this reccoing, the loss wch the crown may sustein in the end of the contract by the fall of ye price \of Tin/ is not \{yet} {illeg}|c|onsidered./
1600 Tunns cost | 118400 | |
Freight to London | 2000 | |
Salaries | 2890 | |
Incidents | ||
Post groats, Incidents & {illeg}|L|etters about | 1350 | |
Losses by enemy sea & accidents {of}|&| \abatements for/ encouragemt of exportation | 5000 | |
Interest of 200000 \more or less/ advanced | 12000 | |
Total |
141640 |
Which is 4li. 8s. 6d per C stannary wt, whereas 3li 16 per C avoir de pois is but 4. 1. 5 per C stannary|.| so that |ye| Queen\So her Maty/ loses 7s. 1d per C stannary besides the loss of by the fall of the price in the end of the contract: wch if the contract should now cease
1661Tuns. 16C. 36Lwt in 1706 cost | 122974. | |
Scobels acct for sal & Incidents at Cornwall | 2828 | |
Anst{e}|i|s's for sal & Incidents at London | 5730 | |
Interest of 200000' | 12000 | |
Losses by enemy sea &{illeg} accidents &c | 5000 | |
Total |
148532 |
Wch is {illeg}|4|s|l|i. 9s. 4d per C stannary wt, whereas 3li {illeg}|16|s per C, avoirdepois is but 4. 1. 5 per C stannary,|.| So her Majty loses 7s. 11d pr C stan.