In response to queries from Allardes [<ref target="/catalogue/record/MINT00391">MINT00391</ref> (Mint 19/3/119), in fact drafted by Newton himself], the Mint approve the proposed allowances Isaac Newton c. 581 words The Newton Project Oxford 2016 Newton Project, University of Oxford

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 c. 11 February 1708, c. 581 words. Treasurer

Printed in NC, 7: 457-9. Clerical copy, dated 11 February 1707/8, in Mint 1/8.152, MINT01214.

Details of the amounts to be paid to the Edinburgh Mint's employees and contractors and the sources from which this money should come (mainly advances from the bullion collectors, though certain items can be met from the Equivalent). Details of accounting procedure, with stress on the warden's responsibility for checking that money is correctly allocated.

 MINT 19/3/152, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/3/152 c. 11 February 1708 England English Holograph Unknown Hand MintEdinburgh Mint MintCorrespondence Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott
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To the RtRight HonbleHonourable the Lord High Treasurer of Great Britain.

May it please yoryour LordpLordship

In obedience to yoryour LordpsLordships Order of Reference of yethe 22th of December last, we have perused the annexed memorial of Mr Allardes the Master of her MajtiesMajesties Mint at Edinburgh & humbly represent that yethe charges allowed to the Moneyers by her Majesties Warrant above 9d per Lwtpound weight Troy for coinage of silver are extraordinary & so are the charges of refining the coursest ingots of silver to bring the rest to standard: and therefore both these charges are in orour humble opinion to be born by her MajtyMajesty out of the bullion for coinage belonging to that Mint & to be placed by the Master among the incidents charges in his accounts. The extraordinary charges allowed to the Moneyers may amount to about three farthings per Lwtpound weight Troy, besides the charges of their journey.

And we are further of opinion that for preventing any stop to the coinage the RtRight HonbleHonourable the Lords Commissioners of her MajtiesMajesties Treasury in Scotland be desired to give orders from time to time to the Collector of the Bullion to pay upon account such summs of money to the said Master as they shall find sufficient for defraying as well the extraordinary as the ordinary charges of the coinage, & to direct the Wardens of that Mint to see that the moneys so paid be applied by the Master duly & in just proportion to every man's service without any hindrance preference or neglect.

And as to the first melting, we hu

As for the melting of the old moneys into ingots we are humbly of the opinion that a penny per pound weight Troy is a reasonable allowance for the melters it being the usual price wchwhich merchants pay the Goldsmiths for melting their silver into ingots in London. But this allowance cannot be paid out of the bullion belonging to the Mint because theis melting is no part of the coinage and silver ought to be in the ingot when imported into the Mint, & if it is not in the ingot the owner causes it to be melted into ingots by whom he pleases at his own charge & bears the loss by wast. And this must be done before the Master of the Mint can receive it from him by weight & assay upon his Note in order to coin it, & therefore is always done at the owners charge. According to this method the Importer did beare the whole loss by this melting in the late recoinage of the hammered moneys in England, & the same should be now born by the Importers in Scotland & placed among the losses mentioned in the Act of Vnion in these words. It is agreed that in the first place out of the aforesaid summ (that is out of the Equivalent) twheat consideration shall be found necessary to be had for any losses which private persons may sustein by reducing the coin of Scotland to the standard & value of the coin of England may be made good. But her Majesties most honblehonourable Privy Council of Scotland having appointed this melting of the old moneys into ingots, we humbly offer to yoryour LordpsLordships consideration whether it may not be proper for their Lordships if they think fit to appoint also the recompence for performing this melting.

All which is most humbly submitted