Holograph notes concerning the selling of tin

Author: Isaac Newton

Source: MINT 19/3/538, National Archives, Kew, Richmond, Surrey, UK

Additional Information
- Notes on the Electronic Edition
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- Revision History
  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
    - Catalogue exported to teiHeader by Michael Hawkins
  - 22 March 2017
    - Transcribed by Will Scott
  - 22 May 2017
    - Named changed from "'Considerations about selling the Tinn'." by Will Scott, owing to the absence of such a quote from the text
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<538r>

Paid annually for 1600 Tuns of Tin at 3^li. 10^s per cwt standard weight		112000
Coinage Duty 6400^li. Post Groats about 300^li		6700
Freignt to London about		2000
Salaries (including 30^li paid to the corporation of Truro)		2890
Incidents, Letters, striking of Tallys & passing accounts		1050
Losses by enemy sea & accidents & abatements for encouragement of exportation	}	4000
Total expence		128640

Which is 4^li 0^s 5^d per cwt standard weight, besides the interest of about 200000^li which is equipollent to 7^s 6^d per cwt.

Whereas 3^li 16^s per cwt avoirdepois, is but 4^li 1^s 5^d per cwt standard.

So her Majesty loses 6^s 6^d per cwt standard weight which in seven years amounts to 72000, besides the loss by the fall of the price in the end of the contract

If the Coinage Duty & Post Groats had not been remitted, & her Majesty had paid only 3^li 8^s 6^d per cwt standard weight, the contract would have been nearly equal, except the loss by the fall of the price in the end of it.

This loss, if the contract should cease at Christmas come twelve month might amount to 50 or 60 thousand pounds & so is equipollent to about 5^s per cwt standard weight in the price.

And one hundred Tunns added to the annual purchased, is equipollent to 2^s added to the price