Holograph notes concerning the selling of tin
Paid annually for 1600 Tuns of Tin at 3li. 10s pr C stan. wt | 112000 | |
Coinage Duty 6400li. Post Groats about 300li | 6700 | |
Freignt to London about | 2000 | |
Salaries (including 30li paid to ye corporation of Truro) | 2890 | |
Incidents, | 1050 | |
Losses by enemy sea & accidents & abatemts for encouragement of exportation | } | 4000 |
Total expence | 128640 |
{illeg}Which is 4li 0s 5d per C stan. weight, besides the interest of about 200000li wch is equipollent to 7s 6d per C.
Whereas 3li 16s per C avoirdepois, is but 4li 1s 5d per C stan.
So her Maty loses 6s 6d per C stan. wt. wch in seven years amounts to 72000, besides the loss by the fall of the price in the end of the contract
If the Coinage Duty & Post Groats had not been remitted, & her Maty had paid only 3li 8s 6d per C stan. wt, the contract would {illeg}have been nearly equal, except the loss by the fall of the price in the end of it.
This loss, if {illeg}the contract should cease at Christmas come twelve month might amount to 50 or 60 thousand pountsds & so is equipollent to about 5s pr C stan. wt in the price.
For every hundred Tunns added to the annual quantitypurchase of Tin, about 12s 4d per C wt ought to be abated in the price if the war continue.
And one hundred Tunns added to ye annual quantity purchased, is equipollednt to 2s added to ye price
Source
MINT 19/3/538, National Archives, Kew, Richmond, Surrey, UK1706, c. 260 words.