Suggests considering a revision of the relative value of gold and silver in England on the model of recent French legislation which has brought France into line with the Netherlands Isaac Newton c. 317 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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 28 September 1701, c. 317 words. Treasury

Draft of T. 1/76.36, MINT00934 (of the same date, printed in Horton, Silver Pound, 263, Shaw, 152-3 and NC, 4: 373-4).

 MINT 19/2/147, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/2/147 28 September 1701 England English Holograph MintEconomic Theory and Legislation Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott, with retrofitting from normalized MINT00934
147

To the RtRight HonbleHonourable the Lord CommrsCommissioners of his MajtiesMajesties Treasury.

May it please yoryour LordpsLordships

By the late Edicts of the French king for raising the monies in France the proportion of the value of Gold to that of silver being altered, I humbly presume to give yoryour LordpsLordships notice thereof. By the last of those Edicts the Lewid'or passes for fourteen Livres & the Ecus for three Livres & sixteen sols. At wchwhich rate the Lewidor is worth 16s 7d sterling supposing the Ecus worth 4s 6d as it is recconed in the course of exchange & as I have found it by some assays. The proportion therefore between gold & silver is now become the same in France as it has been for some year in Holland For at Amsterdam the Lewid'or passes for nine Guilders & nine or ten styvers wchwhich in orour money amounts to 16s 7d, & it has past at this rate for the last five or six years, or above

At the same rate a Guinea of due weight & allay is worth 1li. 00s. 11d. of

In Spain Gold is recconed (in stating accompts) worth sixteen times its weight isis silver of the same allay, at wchwhich rate a Guinea of due weight & allay is worth 1li. 2s. 2d1d. but the Spaniards make their payments in gold & will not pay silver without a premium. This premium is not certain but rises & falls accordingly as Spain is spupplied with Gold or Silver in most plenty from the West-Indies. Last winter it was about 5 prper cent.

The state of the money in France being unsetled, whether it may afford a sufficient argument for making any alteration in the proportion between the values of gold & silver monies in England is most humbly submitted to yoryour LordpsLordships great wisdome

Mint Office Sept 28 1701.

Is. Newton