Draft clause for insertion into the Coinage Act Isaac Newton c. 723 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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 1715, c. 723 words.

Stipulates distinct sources of income for the English and Scottish Mints and empowers the Treasurer to release public money at his own discretion if either Mint can show the income from coinage duty to be insufficient for its needs.

 MINT 19/1/378, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/1/378 1715 England English Clerical Hand MintEdinburgh Mint Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott
378175

The Enacting Clause which continues all the former Acts may be restrained to the Mint in England by Inserting the words [With Relation to the Mint or Mints in England] or some such Words.

And the following Clauses may succeed it.

And Whereas By the Act of Vnion Made in the Sixth Year of Queen Anne, A Mint is to be Continued in Scotland under the Same Rules as the Mint in England: Be it further Enacted that all the Moneys arising in England by this Act shall be Issued out of His Majesty's Exchequer to the Master and MakerWorker or Masters and Workers of His Majesty's Mint or Mints in England as formerly by the Order or Warrands of the Lord Treasurer of Great Brittain and Chancellour of the Exchequer, or Lords Commissioners of the Treasury or any three or more of the said Commissioners for the time being, And that all the Moneys arising in Scotland by this Act shall be Issued out of His Majesty's Exchequer to the Master and Worker or Masters and Workers of His Majesty's Mint or Mints in Scotland by the like Order or Warrands and be kept in His Majesty's Office of Receipt in the said Mint under the usuall Keys of the Master and Worker, Warden and Counter-Warden or Comptroller of the said Mint for the time being and Issued out thence from time to time according to the Manner and Course of His Majesty's Mint in England, And that here shall not be Issued out from thence in any one Year for the Fees and Sallarys of the Officers of the said Mint or Officers who pass the Accompts, and towards the providing Maintaining and repairing of the Houses Offices and Buildings and other things Necessary to the said Mint for EssayingAssaying, Melting down and Coyning above the sume of Hundred Pounds Sterling Moneys, And the Overplus of the said Moneys so kept or to be kept as aforesaid shall be employed for and towards the Expence Waste and Charge of EssayingAssaying, Melting down and Coynage and the Buying in of Gold and Silver to Coyn, and the necessary Charge of Incidents which accompany the Coynage, and not otherwise.

And Whereas the Moneys arising by this Act have been found insufficient for defraying the Charges of the said Mints: Be it further Enacted by the Authority aforesaid that over and above the Moneys arising by this Act. It shall and may be Lawfull to and for the Lord Treasurer of Great Brittain, and under Treasurer, or Commissioners of the Treasury or or any place three or more of the said Commissioners for the time being, By Order or Warrands to Issue out of the Exchequer or dispose of the Moneys in any Publick Funds or Funds given or which shall be given by Act of Parliament, Yearly and every Year from and after the Commencement and during the Continuance of this Act and no longer, such sume or sumes of Money as he or they shall think necessary and reasonable for the use and service of the said Mints or either of them, and Mentioning that they are for the use and service of the Mint, to which they are Imprest, Which Moneys together with the Coynage Duty shall not in any one Year exceed the sume of Fifteen Thousand Pounds Sterling Moneys for the use and service of both the said Mints, nor the sume of Hundred Pounds Sterling Moneys for the use and service of the Mint in Scotland alone, And shall be kept under the usuall Keys in the Office of His Majesty's Mint to which they are Imprest and be Issued out thence from time to time in the same Manner and for the same uses and under the same Restrictions with the said Coynage Duty, Any thing in any Law Statute, or Vsage to the Contrary Notwithstanding.

Provided allways, And Be it further Enacted by the Authority aforesaid, That no Moneys of Gold or Silver shall be Coyned in the said Mint in Scotland otherwise then by the hands of Monyers as in England, the Master and Worker, Warden and Counter Warden attending to Oversee and Survey the EssayingAssaying, Melting and Coyning, so that the Moneys may be well and justly Coyned in Weight fineness and form.form.