Holograph draft balance sheet for the Edinburgh Mint 1704-9

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According to yor Lordps verbal order I have have here {illeg} humbly lay before yor Lordp the state of the case about the allowance to be made to {illeg} Master & Worker of her Majts Mint at Edinburgh for the coinage. of silv per pound weight.

By the Indenture of her Majties Mint in the t{illeg}ower of London the allowance for coinage of silver moneys in the Tower is after the rate of 16$\frac{\mathrm{1}}{\mathrm{2}}$d per lwt Troy.

By an Act of Parliament made in Scotland A. C. 1686 The Mas the allowance for coinage of silver moneys in her Majties Mint at Edinburgh is after the rate of 20 pounds scotish {sic} per stone weight scottish,[& a stone weight Scottish is after the rate of conteins [16 pounds, each of 16 ounces Scottish.] conteins 20℔. 11oz. 6dwt 16gr Troy weight]. Whcih a] that is after the rate of about {illeg} 17$\frac{\mathrm{1}}{\mathrm{2}}$d English per pound weight Troy And recconing 3 pounds scottish to be worth 4s 6d$\frac{\mathrm{1}}{\mathrm{2}}$ scottishEnglish, as it is according to the intrinsic value of the moneys of both nations.

AndBut by an order of Council of Scotland made upon the Vnion 3 pounds Scottish was put equivalent to 5s English, & by this recconning this bring the allowance for coinage to 1{illeg}9$\frac{\mathrm{1}}{\mathrm{11}}$d per lwt Troy

Quære {illeg}

Quære whether

Quære what shall

The Quære whether the clate coinage of silver moneys shall be paid for according to ye rate set down in the Indenture of the Mint or according to the Scotis said Act of Parliament rate set down in the said Act of Parliamt or according to the order of Council & the said Act together.

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The Acct of G. Allardes Es Master & Worker of her Majts Mint at Edinburgh from ye      day of          17054 ~ ~ to the      day of        1709

Charge
Remaining in my hands		}upon the foot of the last Acct
or due to me
Received April 1705				li	s	d
1705 April	1705	Received by Precept on ye Collector of ye Bullion		100.	00.	00
1707	March 3	Received more		200.	00.	00
	April 2	Received more		150.	00.	00
	Septr 1	Received more		500.	00.	00
	Decembr 31	Received more		500.	00.	00
1708	Ian 9	Received more		500.	00.	00
	Sept. 24	Received more by her Maties Warrants from Mr Stewarts Representatives	}	2600.	00.	00
1709	Feb 22	Received more		575.	00.	00
1710		Receved {sic} more by order of the Barons of herof the Collectors of the Bullion by order of her Majts Exchequer of North Britain	}
1710		Received more
		Received & borrowed of the Moneyers of her Mof the of the	}	2437.	12.	1
Mint in London on her Majties acct
		Received for eight horses

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To the coynage Masters allowance for ye coinage of 64 stone 13pd scots weight in March Aprill & May 1705 at 20li stots {sic} or 1. 13. 4 sterling per stone	}	108.	00	05
To an acct of steel & iron for that coinage
To &c
To the Masters allowa{illeg}nce for the coynage of 104227lwt 10oz English Troy weight at 1{illeg}9d$\frac{\mathrm{1}}{\mathrm{11}}$$\frac{\mathrm{1}}{\mathrm{10}}$$\frac{\mathrm{1}}{\mathrm{11}}$ per lwt, abating 8d pr lwt still due to the Moneyers for the coynage of 8293li 18s 9d whereof 2015 244637. 132. 41 is due from ye Executors of Mr Allardes to the Provost & Corporation of the Moneyers in her Majts Mint in the Tower of London	}	8293.	18.	9
To the Masters allowance for the coynage of 104227lwt 10oz English Troy wt, at 1li 13s. 4d pr stcots stone weight {illeg} wch equalls 15 ounces 16 19d & about ye 11th part of a penny answering to per lwt answering {illeg}to 1. 13. 4 – – – – English	}	8293.	18.	9
Of wch summ the moneyers of her Majts Mint in London have received from Mr Allardicese 1{illeg}429. 6. 2 & there remains still tdue to them from the Executors of the said Mr Allardes the sfurther summ of 2437. 12. 1

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In the first case the allowance comes to about 17$\frac{\mathrm{1}}{\mathrm{2}}$ per pound weight in the second to something more then 17$\frac{\mathrm{1}}{\mathrm{2}}$d in the third to about 19$\frac{\mathrm{1}}{\mathrm{11}}$d per pound weight Tro{illeg}y. Whether the Mint in Scotland was allowed 20 pounds Sco{illeg}ts upon the stone weig{illeg}ht of silver moneys for the coynage thereof. And 3 pounds Scots is worth 54$\frac{\mathrm{1}}{\mathrm{2}}$s at the just value but the Scots valued 13 pounds shillings Scots at 12d English before the union & at 13d English at ye {illeg} in distributing the Equivalent. Quære

{illeg} By the indenture of the Mint the Master & Worker is allowed sixteen pence half penny for coynage per po{illeg}und weight Troy for the coynage of silver moneys. The words of the Indenture are hereunto annexed. And the said Isaac Newton .... worker. The question is what shall be allowed in ye accts of ye late Mr & Wr per po upon the pd wt Troy for the late coynage of silver moneys.

By her Maties warrant to wch a copy of this Indenture was annexedof Iune 20, 1707 the Officers o{illeg}f her Majties Mint at Edinburgh for putting the Act of Vnion in execution were directed to observe the same rules set down in the rules of coynage set down in the said indenture wth respect to thei{illeg}r several Offices. The words of the Warrant are hereunto annexed.

By a clause of an Act of Parliament made in Scotland A. C. 168690 for a free coynage the Officer Masterthe Master of the [entituled An act Act anent an humble offer to his Maty anent for an imposition upon certain commodities for defraying the expence of a free coynage it is ordeined, That the Master of the Mint have allow considering that by the Act of Parliament anent 1686 anent a free coynage there is only allowed eighteen pounds Scots upon the stone weight of silver for defraying the whole charge vast expences & loss upon the its coynage wch allowance {illeg} is found by experience to be too small & insufficient: therefore their Maties with advice & consent of the said estates do hereby Rescind in all time coming that clause of the aforesaid Act, & further statute & ordein that the Master of the Mint have allowed to him in time coming twenty pound Scots instead of ye said eighteen pounds Scots upon the stone weight of silver, as the just & reasonable allowance for defraying the said charge expence & lose upon its coinage in manner provided in the said Act.]

A scots stone weight is in English Troy weight 20℔. 2oz. 7dwt. 14gr & 20 pounds wasere worth {illeg}30s. 44$\frac{\mathrm{1}}{\mathrm{2}}$d English at an equal value before the union but upon the union waswere by the Privy {illeg}Council of Scotland valued at 34s. 4d english in disposing of the Equivalent, & according to this value the coinage amounts to about 19$\frac{\mathrm{1}}{\mathrm{11}}$ pence english per pound weight Troy.

12 These Scots abovementioned Acts of Parliament are ceased & whether there by any other grant of 20 pounds scot{illeg}s pr p{illeg} stone wt sco{illeg}ts still in force I do not know., or how far custome grounded on these Actsor the Act of {illeg} to {illeg} {illeg}wth the said order for this allowance may obtein is the question.may obtein may obtein, from or the Act of Vnion f wth the Indenture of the mint may be insisted on for an less allowance may obtein is the question. of the allowance be stated of 16$\frac{\mathrm{1}}{\mathrm{2}}$d or how the allowance shall be regulated by reason & justice according to her Majties pleasureyour Lordps great Wisdom is the question.

3. If these be no other grant the question is {sic} The questions is how far inste the judgment of the said Parliamt of 16960, or& custome grounded upon their{illeg} Act, {illeg} Patent together with the said order of Council in a P{illeg} may obtein for the {illeg} for this allowance, or the Act of uVnion wth the Indenture of the mint {illeg} prevail for a less allowance, or how ye allowance shall be regulated by reason & justice according to yor Lordps great wisdome. is the question.

21. The Master could have coined the new money cheaper (but not so well) by his thehis old method of coining then by the new{illeg}, tho not so well. but the coinage would not have been performed so well.

Mr Foord