Holograph memorandum: is income tax payable by the Mint on money raised for it under the Coinage Act?

Normalised TextCatalogue Entry

<359r>

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?