498508
An AcctAccount of the cost & charges of sending Tynn to
Amsterdam & selling it there upo Commission.
| |
li | s | d |
| First cost per Ccwt Averdupois |
3. | 16 | 0 |
| Customes |
0. | 3. | 0 |
| Cocquets, boat hire, searchers fees, wharfage &c about |
0. | 0. | 6 |
| Insurance at least 1 per cent |
0. | 0. | 9 |
| Total |
4. | 0. | 3 |
Thi
Gild.stiv.
Total cost & charges paid in per 100 paid in London
42.0
Paid in Holland, Customes
} The Queen paid onyonly
10
0.12
Additional duty
3
0.4
Valuation & premium 2 prper cent. NB. The valuation is neare apt to be under the first cost then to exceed it & may amount to to 12 14 16 or 17st pr cent 100 bring this duty to 8 12 or 16 ststivers prper 100. The Queen paid 12 ststivers for the tyn in HHolland.
}
0.1612
Cocquets & Custome-house fees about 25 or 30 styvers per parcel
}
0.0
Freight (as in Mr Drummonds AcctAccount) 10 styvers per block. Averidge 3 styvers per Gilder, or 1 styver per block. Boathire & lighterage for unlading 2 styvers prper block. Porterage & housing 2 styvers prper block. In all 15 stivrsers per block wchwhich is about 4 styvers prper 100
}
0.5
Total chage of buying exporting & housing
43.43.
1714
By the Rule of false Position let the price in selling be put 45 Gilders per 100 Dutch weight & the charges of selling will be as follows.
5 {
Carriage to the City weigh-house & weighing for sale
0.1
City Duties half per cent for Weighing
0.4
Prompt paymtent 1 prper cent
0.9
Insurance of the paymtsents 1 prper cent
0.9
Returns of the money
0.5
45.673
Commission 1 prper cent
0.9
PorteBrokerage
0.23
Ware-house room
0.2
Interest for two months forbearance
0.6
46.3
Observations upon the Foregoing AcctAccount.ConsiderationsFurther Considerations.Further Considerations.
1. The Pewterers in London factor upon trust for their correspondents in Holland & some other places, in small parcels of 10 20 30 or 40 blocks in a parcel & find it nonot very difficult matter to meet with ships wchwhich want convenient ballast, & the people for whom they factor commonly act for themselves in their houses shops & ware houses without the charges orf Commission & Brokerage; & making three or four returns in a year content themselves with a small profit of one or two per cent in each return, & chuse rather to risque it then be at the charges of Ensuring. And the Pewterers sorting the Tin, make a profit of the grain Tynn into Holland, not finding their account in selling it there by commission.
2. By the above written Account it should be almost equall to a Merchant of Amsterdam to give 3li 16s per Ccwt Averdupois at London, or 43 Gilders 18 stivers per 100 Dutch weight at Amsterdam; t paying in ready money & her MatyMajesty bearing the extraordinary charges of her Office & Warehouse room at Amsterdam, & of the city weigh-house. I say almost equal, because the Merchant would desire to save the flreight & chuse to risque it, especially in times of peace.
× 3 Considerable quantities of Tynn are sent hence to Roterdam & Bruges, & unless something be allowed for the charges of getting it thither from Amsterdam, they will still have it it from London.32. By the above written AcctAccount the Merchant can have Tynn housed at Amsterdam for 43G 11st besides 25st charges of returning the money. And this puts the price at 44 Gild.Gilders 3 stivers0 ststivers in ready money. Add for prompt payment, ensurance of paymtspayments & two months interest, 1 GildrGilder 4st. & the price at Amsterdam will be 45G 54st. But the merchant would chuse rather to buy at London then pay Freight & Averidge, & to risque it at sea then allow 1 per cent insurnace, especially in times of peace.
× 4. In the Tower the buyer takes the Tyn as it comes to hand without culling. In Holland the buyer is allowed to cull. And this makes the Tin of more value & readier sale before culling then afterward.43 Considerable quantities of Tynn are sent hence to Roterdam & Bruges, & unless something be allowed for the charges of getting it thither from Amsterdam, they will still have it from London.
5 When Mr Drummond first proposed to sell Tynn by Commission for her MatyMajesty, he represented that the price had then been from 45 to 47 Gilders. The late LdLord Treasurer put the price at 44 & Mr Drummond by that price had the whole trade of Holland. Might he not at 45 have had almost the whole trade,& & at 46 half the trade,,&, & at 47 have sold a little?some of the best Tin?
499508
32. By the above written AcctAccount the Merchant can have Tynn housed at Amsterdam for 43G 11st besides 25st charges of returning the money. And this puts the price at 44 Gild.Gilders 3 stivers0 ststivers in ready money. Add for prompt payment, ensurance of paymtspayments & two months interest, 1 GildrGilder 4st. & the price at Amsterdam will be 45G 54st. But the merchant would chuse rather to buy at London then pay Freight & Averidge, & to risque it at sea then allow 1 per cent insurnace, especially in times of peace.
43 Considerable quantities of Tynn are sent hence to Roterdam & Bruges, & unless something be allowed for the charges of getting it thither from Amsterdam, they will still have it from London.
EnsuringTo ensure hazzards at sea & in returning the payments twould carry away too much of the profit of the traders. The Pewterers make an advantage by culling out the grain Tin. They usually save the freight by finding ships that want ballast. What they reccon to their correspondent for factoring I cannot yet learn not what methods they have of returninggetting the price of Tinin returned & at what charge. But if all these things taken together be recconed at about a Gilder, the whole charge of housing Tin at Amsterdam will amoutamount to about 45 Gilders.
Octob. 1712. Proxime
Proxime Is. Newton