Holograph draft notes relating to the tin trade, probably preparatory to MINT00696 (Mint 19/3/538) or a closely related document, with lists of expenses and several series of calculations, some relating to the tin trade and others to astronomical movements
1600 Tunns | 118 | |
Scobels acct for salaries & inciden | 2290 | |
Anstis's acct for salaries & incidents in London | ||
If there be allowed for Losses by enemy sea & accidents & | 5 | |
The t | 1 | |
1600 Tuns stannary wt reduced to averd | 130285. 14. 3 | |
The interest of 80000li constantly advanced come |
1600 Tunns of Tin | 118400 | ||
Freight to London at | 2142. 16. | ||
Salaries (including 30li pr an to Truro) | 2890. | ||
If there be allowed for losses by | } | 5502. 18. 0 | |
The total expence will be annually | 13028 | ||
And 1600 Tunns stannary wt reduced to averdupois wt makes 1714 Tuns 5C, 2grs, 24℔ | } | 130285. 14. 3 |
The interest of {illeg}800000li constantly advanced comes to 3s p stannary weight to be deducted from ye price of {illeg}3li 14s per C. And so in proportion for t{illeg}he interest of a greater or lesse{illeg}r summ advanced. And therefore is ever since ye first year & half of the present {illeg}interest the Queen {illeg}has been advanced more or less about 200000li {illeg} the interest comes to 7s 6d to be deducted from ye pr C to be deducted from ye present price &of {illeg} 3li 14s pr C, & so leaves 3li 6s 6s {sic} as an equitable price pr C including sthe Coynage Duty: And this without considering the further loss wch the QueenCrown will sustain at the {illeg} of ye contract by the fall of the price of the Tin.
Sixteen hundred Tunns of Tin at 3li 14s per C stannary w | } | 118400. 00. 00 |
Freight of 1600 Tunns thereof avoir de pois sent to London at 25s per Tunn | } | 2000. 00. 00 |
Salaries (including | 2 | |
Incidents, Po | 1350. 00. 00 | |
If there be allowed for losses by enemy sea & accidents & for promoting the exportation about | } | 5645. 14. 03 |
The total expence will be annually |
So that ye account is about eaven wthout recconing interest for money advanced.
The interest of every 20000li advanced is at 6 pr cent amounts to 9d per C stannary weight. And therefore if after ye first years & half of the present contract there has been about 200000li (more or lesse) advanced, the interest amounts to 7s 6d per C stannary wt. to dbe deducted out of the price of 3li. 14s per C. And by this deduction the price {illeg}Which abatement being maderemainging becomes 3li. 6s. 6d per C stannary weight., including coynage duty.
And in this reccoing, the loss wch the crown may sustein in the end of the contract by the fall of ye price of Tin is not yet {illeg}considered.
1600 Tunns cost | 118400 | |
Freight to London | 2000 | |
Salaries | 2890 | |
Post groats, Incidents & | 1350 | |
Losses by enemy sea & accidents | 5000 | |
Interest of 200000 more or less advanced | 12000 | |
Total | 141640 |
Which is 4li. 8s. 6d per C stannary wt, whereas 3li 16 per C avoir de pois is but 4. 1. 5 per C stannary. so that ye QueenSo her Maty loses 7s. 1d per C stannary besides the loss of by the fall of the price in the end of the contract: wch if the contract should now cease
1661Tuns. 16C. 36Lwt in 1706 cost | 122974. | |
Scobels acct for sal & Incidents at Cornwall | 2828 | |
Anst | 5730 | |
Interest of 200000' | 12000 | |
Losses by enemy sea & | 5000 | |
Total | 148532 |
Wch is {illeg}4sli. 9s. 4d per C stannary wt, whereas 3li {illeg}16s per C, avoirdepois is but 4. 1. 5 per C stannary,. So her Majty loses 7s. 11d pr C stan.
Source
MINT 19/3/539-40, National Archives, Kew, Richmond, Surrey, UK1706, c. 756 words.