'An Account of what his Maty may loose by renewing for seven years the contract w^th Cornwall & Devonshire now voyd by her Maj^ts death'

Author: Isaac Newton

Source: MINT 19/5/32, National Archives, Kew, Richmond, Surrey, UK

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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
  - 25 May 2017
    - Transcribed by Will Scott
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<32r>

An Account of what his Majesty may loose by renewing for seven years the contract with Cornwall & Devonshire for Tynn now voyd by her Majestys death.

If the King should now renew the contract for seven years; the dead stock being at present about 400,000^li & the interest thereof at 6 per cent 24000^li per annum: his ajestys loss will be as in the following Account.

1840 Tunns of Tyn per annum at 3^li 9^s per cwt stannary weight		126960.	0.
Freight in London		1840.	0.
Salaries in London		1350.	0.
Incidents charges in London, as Porters &c		200.	0.
Passing Accounts &c		94.	0.
Salaries in Cornwall & Truro		1540.	0.
Incidents in Cornwall		700.	0.
Insurance & other unforeseen accidents		1000.	0.
Interest of 400,000^li dead stock at 6 per cent		24000.	0.
Total yearly expence		157684.	0.
Income by selling about 1350 Tuns Averdupois per annum at 76^li per Tun		102600.	0.
Expended yearly above the income		55084.	0.
Expended in seven years above the income		385588.	0.
Interest of this expence during the contract, about		70000.	0.
Interest of the money advanced by the King the two first years untill the Queens debts be aid off, about	}	12000.	0.
Total expence in seven years		467588.	0.

The Quantity of Tyn remaining unsold will be about 621 $\frac{3}{7}$ Tuns per annum averdupois And the Total unsold in seven years about 4350 Tuns averdupois.

At the end of the contract if all the Tynn then in the Kings hands (which would be about 95000 Tuns) should be sold at once the Merchant would scarce give for it above 30 or 35^li per Tun & at 35^li per Tun the 4350 Tunns would be worth 152250^li: which being deducted from the total expence leaves 315338^li; the total loss by the new contract. And this loss is after the rate of 45000^li per annum at a Medium.

'An Account of what his Maty may loose by renewing for seven years the contract wth Cornwall & Devonshire now voyd by her Majts death'

'An Account of what his Maty may loose by renewing for seven years the contract w^th Cornwall & Devonshire now voyd by her Maj^ts death'