443)

Author: Isaac Newton

Source: MINT 19/2/436, National Archives, Kew, Richmond, Surrey, UK

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  Recommend accepting Henry Hines' tender to supply copper [MINT 19/2/443]

<436r>

Mint Office. Aug. 3. 1717.

To the R^t Hon^ble the Lords Comm^rs of his Ma^ts Treary

May it please yo^r Lo^ps

In obedience to yo^r Lord^ps Order of Reference of\on/ the Proposals for importing barrs of fine copper into his Ma^ts Mint for coyning copper money out of them; We humbly represent that upon giving the Proposers a meeting, We find that the Mint may be supplied with such barrs of|at| nineteen pence per pound weight Averdupois or a little under, taking back the scissel at the same price but scarce under 18^d. The Master & Worker is willing to undertake the coinag{illeg}|e| out of such barrs at three pence farthing per {lw} pound weight, & to defray all incident charges \|of assaying weighing| of coinage & putting off/ after a Mint is set up except repairs of buildings. And so a Mint pound weight of Copper \with the coinage will cost about 21 $\frac{1}{4}$ or 22 $\frac{1}{4}$ &/ may be cut into 23 or 24 pence \to answer all other charges/. If there be a King's Clerk he may be allowed \& the Auditor of this Mint may be paid what your Lord^ps shall order/ out of the profits of the coinage|.| what your Lord^ps shall \please to/ think fit{.} appoint. |The M^r & W^r proposes to pay half the price of the Copper upon the Importation thereof.|

When \by publick notice/ we gave the Proposers a meeting some of them upon hearing the conditions of the Copper\how the copper was to be sized & assayed/, withdrew. \M^r Parker was {illeg}/ M^r Neale & partner were in the country & are not yet returned to town. M^r Essington demanded 19^d p^r Lw^t for the best copper & 18^d for a coarser sort. M^r Iones demanded 18 $\frac{1}{2}$ ^d per for the best copper. Mr Hind demanded 18^d. The copper he shewed us was very good & bore the Assay & this morning he has delivered in some barrs to be further examined. We are best satisfied with his proposal, but have not yet had time to examin his barrs. |M^r Parker demands the same price, but we have not seen his workmanship.|

All which &c

If at any time it be thought fit to change the Reverse of the money, it may be done by a signe manual, changing paying the Graver for a new Puncheon.

All which &c is humbly submitted to yo^r Lord^ps

great wisdome

Mint Office
Aug. 3. 1713