'A Report made Sept. 23. 1706 upon the proposals of Mr Holt & Mr Williams dated May 31th & Iuly 17th 1706'

<545r>

[1]

	<text in Unknown Hand begins>C		q	l
	2713	6.	2.	13.
Remaining at Xmas 1705	1356.	16.	2.	13.
Received to Xmas. 1706	1998.	8.	0.	24.
	335{illeg}5.	4.	3.	9.
Sold {illeg}&Taken	1570.	14.	1.	25.
Remaining at Xmas. 1706.	1784.	10.	1.	12.

<text in Isaac Newton’s hand begins>In Obedience to yor Lordps Order of Reference upon the annexed memo {illeg}proposal of Mr Williams we have considered the same & are humbly of opinion that it amounts to the same thing as if your Lordp should ab raise the price of all the from 3lb 16s. to 4li per C & give the {illeg} the {sic} advantaceg{illeg} differs of the price{illeg} to the Pewterers. For if the Tin were at 3li 16s upon the wharf {illeg}& at 4li in the store houses, the Pewterers would attend the wharf & buy there at 3li 16s when the ships come in & the Merchants who do not attend the Wharf would afterwards be obliged to buy & buy of ye Petwterers at 4li. And further when the Pewterers have sold their stick, they would defer {sic} buing {sic} till the next ships come in, wch wouldmight be as much a disadvantage to the sale of the Tin as their buying beforehand would be an advantage. All wch being considered we are humbly of opinion that if the price of ye Tin be raised to 4li pr C upon the Wharf it be also raised to 4li pr C in the storehouses so that ye advantage of raising it may go to her Majty & not to ye Pewterers bBut we do not think it advisable to raise the price at all.

In the second year of this {illeg}her Mats present contract for Tin we had For the sale of the Tin in the two first years of the present contract being very slow, {illeg} we had it then under consideration at that time whether {illeg} the slowness of the sale might not be in some measure recompenced by raising the price. For it was represented to us with great confidence that [it might be done wthout danger from] the East Indian Tin :[that Tin] beingwasit might be done without danger of stocking the Market forreign markets with East Indian Tin by the Dutch, that Tin being of {sic} of a bad sort of {illeg} little in quantity so that the Dutch could not bring much more of it from India into Europe then they did already, there not being sufficien enough for ye uses of the Indies. Hereupon we {illeg}made made And this representation was backt with a better intended to be writ by a Dutch East India Merchant, who who having been concerned in East Indian Tin was better able to give us an account of it then our own Merchants could do who trade not in that commodity. Vpon wch we took time but upon making to enquire into the nature & quantity of East Indian Tin & findingwe found that some of it was very bright & goodgood & bright & fitter for some uses then our own we wereTin & that ye Dutch might have it in as great a quanty {sic} as {illeg}they pleased, & thereupon we came to a resolution that ye Tin it was not ad{illeg}visable to raise the price of her Majts Tin, & we have since met with no reasons to change or opinion.

In the beginning of the present contract for Tin the Merchants had stored the Markets ab{illeg}road & the Pewterers had p{illeg} provided a stock of their own wth wch they suppl{illeg}ied the Merchants at home above a year & a quarter longer. And these things made her Majties Tin sell very slowly during the two first years of the contract, so that at Christmas in the end of those two years there remained in the Tower          Tunns of Tin stannary weight. In the end of the third year there remain{illeg}ed in the Tower          Tunns. In ye end of the fourth year wch was last Christmas, there remained          Tuns. And at present there is remains a{illeg}bout          {illeg}Tunns remaining in the Tower whereof we expect that about        or          Tunns will be shop of f{illeg}or the Straits within a few days. And when the war wth France sh so that the consumption has been continually upon the improvement & the quantity remaining in the Tower has increased but little during the two last years. And when the present war with France ceases we exprest that the quantity remaining in the Tower will decrease provided the Merchants be not amused & dissatisfied by raisingaltering the price

All wch is most humbly submitted

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A Report made Au Sept 223. 1706 upon the petion proposals of Mr Holt & Mr Williams dated Apr May 31th & Iuly 17th 1706.

<text in Unknown Hand begins>1774. 12. 9.	to Xmas. 1704.	{illeg}465C
52208. 15. 9.	to Xmas. 1705.	23{illeg}12712	= 13712.
85899. 7. 6.	to Xmas. 17076.	<text in Isaac Newton’s hand begins>22545
<text in Unknown Hand begins>94158. 0. 11.	to Xmas. 1707.	<text in Isaac Newton’s hand begins>23967
25743. 3. 6.	to Ladyday 1708.