Holograph memorandum: is income tax payable by the Mint on money raised for it under the Coinage Act?
By the Act of XVIII Car. II. cap. 5, it is enacted that the Coynage Duty shall be kept apart in the Exchequer, & no moneys leviable & payable by that Act shall be applied or converted to any {illeg}use or uses whatsoever, other then to the defraying the Coynage of Gold & Silver, & the encouragement of bringing in gold & {illeg}silver into the Mint there to be coyned into the current coyns of this kingdom; nor shall any of the said moneys be issued out of the Exchequer but by oOrder or Warrant of the Lord Treasurer & under Treasurer or Commissioners of the Treasury for the time being, & mentioning that they are for the use & service aforesaid, to be kept in his Maties Office of Receipt in the said Mint, & issued out thence from time to time according to the manner & course of the said Mint — for paying the fees & salaries of the Officers of the said Mint, & towards the providing maintaining & repairing of the Houses Offices & Buildings & other necessaries for assaying melting down & coyning, & for & towards the expence wast & charge of {illeg}assaying melting down & coynage, & buying in gold & silver to coyn, & not otherwis{illeg}e. And this Act is not mentioned in the late Act (Anno septimo Georgij Regis) for raising a summ not exceeding 500000li &c.
Quære. Whether is the Coynage Duty or any part thereof to be taxed six pence in the pound in the Exchequer by the last mentioned new Act?
Source
MINT 19/1/359, National Archives, Kew, Richmond, Surrey, UK1721?, c. 265 words.