Draft of MINT00720 (Mint 19/3/498-9)

<500r>

An Account of the charges of exporting Tyn to be sold a{b} in Holland.

Charges paid in England per C^wt English

Carges {sic} pai{s}|d| in Holland p^r C^wt Dutch

It it therefore equal to the Merchant whether he gives 3^li. 16^s. 0^d per C weight for Tynn at the Tower {illeg}|or| 4. 3^s 11^d

An Aco^t of the charges of sending Tyn to Amsterdam.

Charges p^d in England

First cost 3^li. 16^s. Customes 3^s. Cocquets boat hire, se\a/rchers feees {sic}, wharfage &c 6^d. Hazzards at sea or Ensurance 9^d. Total 4^li, 0^s 3^d per C Engl{illeg}|i|sh thhat is 3^li. 19^s. 3^d per C\100/ Dutch. |W^ch being reduced into Dutch money| /the rate of 10 G. 12 s^t to 20^s stvyers|sterlin||g| amounts to 42 G per 100 Dutch weight\

Charges p^d in Holland

Freight (as in M^r Drummonds acc^t) 10 styvers p^r block Averidge 3 styvers p^r Gilder or 1$\frac{1}{2}$ styvers per block, boat hire & loyterage {illeg}|f|or unlading 2 st p^r block, porterage & ho\u/sing 2^st p^r block. In all 15$\frac{1}{2}$ styvers p^r block, & {illeg} or about 5$\frac{2}{5}$ st per C. Item Customes p^r C 12^st, $\frac{1}{3}$ Additional Duty 4^st, Valuation & Premiu 2 per cent or about \15|4|/ 16 or 17^st \per C/ the valuation being usually a little under\to the first {sic}/ the first cost|.|o|r \a little under./|

Total 38$\frac{1}{2}$^st per C {illeg} 100 Dutch w^t, w^ch reduced into English money at 10^G 12^st to 20^s sterli{illeg}|n|g comes to 3^s. 7^d, |per 100 Dutch or 3^s 7$\frac{1}{2}$ per C Englis| /CCocquets & Custome house fees about 25 or 30 styvers to a parcel\

|A.| Which added to 3. 19. 3 makes the whole charge 4^li. 2^s. 10^d per 100 w^t Dutch or 4. 3. 10$\frac{1}{2}$ per C English.

It is therefore equal to the Merchant whether he give \in ready money/ 3^li. 16^s p^r C \english w^t/ at y^e Tower or 4^li 2^s 10^d per 100 \Dutch/ w^t at Amsterdam, her Maj^ty\paying {sic}/ in ready money at both places.\excepting some considerations hereafter mentioned./ And therefore if her Ma^ty should set up an Office to sell at Amsterdam for ready money at a par{illeg} w^th the sales in the Tower the price at Amsterdam p^r C weight Dutch <500v> should be about\not exceed/ 4. 2. 10 turned into Dutch money, Her Ma^ty bearing the charges of the Office & Warehouse room, |[|{illeg}& of the carriage to the city weigh-house & weighing for sale & the city Duty of $\frac{1}{2}$ p^r cent upon selling for ready money to them that sell again upon t{illeg} prompt payment] & such further & the excess of the charge of buying in Amsterdam above that of buying in London.] & |&| {sic} the \extraor extraordinary/ Dutys of the city weigh hou{illeg}|se|. But yet something may be abated of this price upon these considerations.

|1| The Pewterers who factor for f{illeg}|o|rreign merchants & in small parcells, can {illeg} frequently m|g|et such parcells to be take{illeg}|e|n {sic} into ships {but} for ballast, w^ch is \w^ch/ want ballast, & so save the freight.

|2| Th{illeg}|o|u{illeg}|g|h 1 p^r cent be very low insurance yet four Me{illeg}|r|chats {sic} chuse rather to ris it, & will have more reason to do so in times of peace.

|3| The merchants for whom the Pewterers factor being generally forreigners, the{illeg}|ose| \that are of Amsterdam/ can more easily procure favour \for themselves/ in the valuation & premium then Englishmen can do for her Ma^ty.

|4| Th{illeg}|e| Pewterers sort the Tin & sell selll the grain Tin at higher price to those that want it, & thereby can afford to sell the rest at a lower price then they would otherwise do.

And for these reasons something

|4| The Pewterers trust {illeg}|s|ell to forreigners upon trust

An Account of the charges of selling Tin in Amsterdam at 45 {illeg} Gilders p^r 100 w^t Dutch.

Which reduced to English money at 10 G st to y^e pound sterling is 7|6|^s. 1{illeg}|4|^d $\frac{3}{4}$ per C 100 w^t Dutch or 5|6|^s {illeg}|5|{illeg} per C english.

And these added to the former summs 4. 2. 10 & 4. 3. 10$\frac{1}{2}$ makes the whole charge 4^li. {illeg}|9|^s. {illeg}|2|^d$\frac{3}{4}$ per {illeg} 100 w^t Dutch, or 4. 1{illeg}|0|. 3$\frac{1}{2}$ per C English.

<501r>

An Acc^t of y^e charges of sending Tynn to Amsterdam

Charges paid at London per C.

Which after the rate of 110$\frac{31}{4}$ pounds Averdupois to the Dutch 100 weight {illeg}|&| 10 Gild. 12 stiv. to 20^s sterling, comes to 42 Gilders per 100 Dutch weight

Charges paid at Amster in Holland.

Charges of selling Tyn in Amsterdam at 45 Gilders p^r 100.

Therefore the Tyn to reimburse all the charges & hazzards should be sold in Holland for 46 Gilders 7 stivers per {illeg} 100 Dutch weight

Observations

The Pewterers in London fator {sic} \upon trust/ for their correspondents in Holland & some other places, in small parcells of 10 20 or 30 \or 40/ blocks in a parcel & find it no \very/ difficult matter to meet w^th ships w^ch want \s{illeg} {illeg} convenient/ ballast & the people for whom they factor \comm{illeg}|o|n{illeg}|ly|/ act \{by} {broker}/ for themselves in their ownsho houses shops & warehouses without the charges of commission \|& brokerage| & warehouse {illeg}/ {illeg}|&| making three or four returns in a year content themselves w^th a small profit of one or two per cent in each return, & the Pewterer chuse rather to risque it then be at the charges of ensuring. And the Pewterers sorting the Tin mark sell the several <501v> at several rates & thereby make so much\some/ advantage of the grain Tin that \whereby/ they can afford to trust & forbear their correspondents abroad. And English Merchants seldom send Tynn into Holland not finding their {illeg}|A|ccount in selling it there by commission. |[|For these reason{illeg}|s| I reccon 46 G 7 st too high a price. M^r Drummond made his first proposal to my late Lord Trer he represented that Tin had then sold from 45 to 47 & his Lord^p set y^e price at 44$\frac{1}{2}$ perhaps it may sell at 45, or 45$\frac{1}{2}$, but the but the higher {wil} the price the slower will be the sale.|]|

|2.| By the above written Acc^t it is \it woul be almost/ equal to the buyer what {illeg} {illeg} \a Merchant of Amsterdam to/ gives 3^li 16^s p^r C \Averdupois/ at y^e Tower or 43^G 18^st p^r 100 Dutch w^t at Amsterdam paying in ready money, & her Maty bearing y^e \extraordinary/ charges of the |her| Office & Warehouse room at Amsterdam \& of the city weighhouse & {sic} {illeg}/. I say almost equal, because the Merch^t would {chuse} desire to save the freight, & might chuse to risque it, especially in times of peace |[|And therefore if the Tin could be sold at Amsterdam for ready money the price should be {somethg}\something/ under 43^G 18^st.

|3.| Considerable quantities of Tin are sent \hence/ to Roterdam & Bruges & unless something be allowed for their charges of getting it \thither/ from Amsterd{illeg}|a|m they will still send \have it/ {illeg}|fro| L{illeg}|o|ndon.

|4|5.|| If When M^r Drummond \first/ proposed the sending sell to sell Tin by Commⁿ at Amster for her Ma^ty he represented that y^e price had then been from 45 to 47 Gilders: & t|T|he late L^d Trr put the price at 44$\frac{1}{2}$, {illeg}|&| M^r Drummond by that price had y^e whole trade of Holland. Which \‡ {sic} This being compared w^th the Acc^ts & considerations above written/ it seems to me that at 44$\frac{1}{2}$ G M^rs Moulaneers & sons will have y^e whole market of Holland \of Holland/ at 5|4|5 G he will may have almost the whole market, at 46 he will lost half the market, at 47 he will sell very little. But in a paper of some
    ‡ In a paper of that\some/ late sales of S^r H. Furnase they were from 44$\frac{1}{4}$ to 45$\frac{1}{2}$ w^ch is lower then in the memorial of M^r Drummond.

5|4|. In the Tower the buyer take the Tyn as \it/ comes to hand without culling. In Holland the b{illeg}|u|yer is allowed to cull. And this makes the Tin of {illeg} {illeg} more value & readier sale before sulling then afterward|.| |[|so that upon the first cullings may sell better for 4{illeg}|6| or 47 st then the remainder for 45 or 4$\frac{1}{2}$.|]|

By the above written Acc^t the Merchant can have Tynn housed at Amsterdam for 43 G. 18^st \in ready money/ besides 14 st charges of returning the money. {Add} And this puts the price at 44 G 5|3| st in ready money. Add for prompt paym^t, ,lb/>ensurance of y^e paym{illeg}|e|nts, & two months interest, 1 G 4^st & the price {illeg}|at| Amsterdam will be 45 G {st}|7| st. But her Ma free of all charges But the Merchant would insist upon a deduction of about 4 st for freight & averidge amounting to about 4 st & chuse rather to rise it buy at London & ris it then \pay freight & averige & to ris it then/ allow 1 per cent insurance at sea \especially/ in times of peace. For w^ch reasons the 7 st may be abated.