Preparatory notes and calculations concerning Dutch trade and English customs on it for <ref target="/catalogue/record/MINT00720">MINT00720</ref> (Mint 19/3/498-9)

An Account of the loss wchwhich his Maty.Majesty may sustein by renewing, for seven years, the contract with Cornwall & Devonshire for Tynn, now voyd by her late Maties.Majesties death. Paid annually for 1840 Tunns of Tyn at 3£ 9s pr Ccwt sta wt126960. 0. 0 Freight to London1840. 0. 0 Salaries in London1350. 0. 0 Incident charges in London, as Porters &c200. 0. 0 Passing Accompts &c94. 0. 0 Salaries in Cornwall & Truro1540. 0. 0 Incidents in Cornwall700. 0. 0 Insurance & other unforeseen accidents1000. 0. 0 Total yearly expence133684. 0. 0 ~~Total expence in seven years935788. 0. 0~~ Yearly income by selling about 1350 Tuns Averdup. pr an̄annum at 76£ pr Tun}102600. 0. 0 ~~Income in seven years718200. 0. 0~~ ~~Excess of the expence above the income217588. 0. 0~~ Yearly excess of the expence above the income31084. 0. 0 Excess in seven years 83217588. ~~Interest arising thereby~~}~~718200. 0. 0~~ Interest arising by this excess 40000.8257588. 0. 0 The late Queens debt upon the Tynn paid in the two first years191200. 0. 0 Interest upon this payment till the end of the contract63400. 0. 0 Total expence above the Income~~254600. 0. 0~~5128188. 0. 0

Tin left by the late Queen - 5200 Tuns averdupois Tin wchwhich will be received by the King in 7 years - 123880 Tuns averd. Tin which will be sold in seven years ~~9450~~ - 9450 Tuns. Tin wchwhich will remaining in the kings hands at yethe end of yethe contract - 9630 Tunns.

So great a stock of Tin, wthwith what will be further raised in Cornwall, must of necessity beat down the price of Tin so low, that it weill after the end of the contract scarce sell for above 40£ per Tun, & be 12 or 16 years in selling. And the charge of warehouse room & Officers & Porters to sell it & rebate of interest till the money comes in ~~must be~~being deducted, the Tin ~~at yethe~~ will beremain scarce worth above 28 or 30£ per Tun to be sold all together at the end of the contract for ready money. At 30£ per Tonn the 9630 Tons will be worth 288900£. And this being deducted from the 512188£ will leave ~~6888~~ 223288£ the Kings loss by the contract.

513 Tunns Averd Tin in the late Queens hands at the beginning of this contract June 2d 1710}2400 Added 800 Tunns St. wt-857 Total3257 Left by the Queen at her death5260 Increased in four years & two months2003 Received in four years 6760 Tuns Stand7243 Sold off in four years & two months5240 Sold per an̄annum at a medium1257∟6 Will be sold in 2

\frac{5}{6}

years3563 Will be received in 3 years 5520 T. stan.5917 Will be added to the dead stock in three years2354 Total dead stock at the end of this contract will be7614 Money advanced for buying 5520 T. St. wt in 3 years380880£}40000 For freight5520 For other expences & accidents13600 Interest upon the money advanced at 5 pr cent30000 430000 Will be received by sale of Tin in 2

\frac{5}{6}

years 2707788 whereof about 210000 is a debt upon the Tin. The remainder is60788 If after the contract is at an end 14000 Tuns sta. wt should be sold annually at 40£ pr Tun, one half by the K. the other half by Cornwall: the Kings share would produce an annuity of 28000 for almost 11 years, the pr value of wchwhich in ready money would be

Twelve thousandhundred Tuns st. wt Tin & freight at 70£ pr Tun84000 Other Expenses 5000.48815000 Inte Queens debts per an̄annum30000 92000 Sold annually 1260 Tun av adt 76£ per Tun95760 4

\frac{1}{6}

) 2310 (554 2083

\frac{1}{3}

226

\frac{2}{3}

666 208333 18333 182666 0666 01009

\frac{1}{2}

19 5004

\frac{3}{4}

Rd in 1 4

\frac{1}{6}

)5252 (126

\frac{1}{2}

\frac{12}{25}

461666 108533 83333 2520 Gold in 10

\frac{1}{2}

Unsold in 10

\frac{1}{2}

years . 5260 195) 5260 (510. 5250 100 95) 5260 (553∟6 475 510 350 285 650 V 1260 76 7560 8820 95760 16400 820 800 178120 sta 1297 1297 19417 95) 414157 (1400 465 9.64900 23240 209160 13944 9296 20916 224242∟76