Holograph draft of MINT00437 (Mint 19/3/17)
To the most Honble the Earl of Godolphin Lord High Treasurer of great Britain.
May it please your Lordp
According to yor Lordps verbal Order I humbly lay before yor Lordp the state of the caseQuestion about the allowance to be made to in the accounts of Mr Allardes for the late coinage of silver moneys in Scotland. at Edinburgh.
By her Majties Warrant of Iun{illeg}e 20th 1707
By the Indenture of the Mint in the Tower the Master & Worker is allowd sixteen pence half penny upon the pound weight Troy for the coinage of silver moneys. The words of the Indenture are hereunto annexed
By her Majties Warrant of 20 Iune 1707 the Officers of her Majties Mint at Edinburgh, (for putting the Act of union in execution,) were directed to observe the rules of coynage set down in the said Indenture wth respect to their several offices: but I do not remember that any alteration in the allo salaries or in the allowance for coinage was then under consideration. The words of the Warrant are hereunto annexed.
By an Act of Parliament made in Scotland A.C. 169{illeg}0 the Master of theat Mint in Scotland was allowed twenty pounds Scots upon the stone weight Scots for coinage of silver moneys: for coynage thereof. The & this all{illeg}owance was accordingly made made till the Vnion. The words of thatthe Act are hereunto annexed. And tThree pounds scots are worth 54s 6d english at their just value, but the Scots valued 13 shillings scots at twelve {illeg}Oneshilling pence english before the union & at thirteen pence english in distributing the equivalent. In the first case the allowance comes to almost 17d in the second to something more then 17d, in the third to about 19d, upon the pound weight Troy.
The Question is, what shall be allowed in the accounts of the late Master Mr Allardes upon the pound weight Troy for the late coinage of silver moneys. {illeg}& W
All wch &c is most humbly submitted
Is. Newton
Source
MINT 19/3/21, National Archives, Kew, Richmond, Surrey, UKc. February 1709 [= 1710], c. 340 words.