Partial holograph draft of MINT00716 (Mint 19/3/482)
Mr Drummond by a warrant Octob. 20 1704 had 400 Tunns of Tin consigned to him & Company at Amsterdam to be disposed of at ye best rate not under 44 Guilders pr hundred merchant wt of holland for a commission of two pr Cent clear of all charges. The charges at home 1242l. {illeg}18s. 10d including 1200li for customes: wch is after the rate of 3s. 1d per C.
The like quantity was consigned to him {illeg}8 Iune 1705 on the same terms. The charges at home 1266. 19. 2.
The first parcel by sale produced 330411gild. 16 stivers = 31467li. 14s.
The 2d parcel produced 332389gild 18st = 316456. 3. 7967
And recconing 10guilders to a pounds sterling the {illeg} first produced 3li 18. 8d sterling per C averdupois. The second produced 3. 19s. 2d. The clear of all charges These two parcels were sold in about two years, the first in more then a year, the second in less. second first was sold in about 14 or 15 months the second in about 10 {illeg}
The He sent a par Queen lost the interest of wch she paid for money advanced upon this Tin wch came to 1{illeg}00 1300li {illeg} A proposal of Mr Drummond for a third parcel of 400 Tuns being referred to ye Officers of the Mint, they drew up a report by wch it appeard that ye Queen would lose 2000li {illeg}& my Lord Treasurer agreed to ye Report & directed to the Officers of the Mint to signify to ye Merchants that he would sellnd no more Tin abroad by commission.
The 20th of Feb 1705, Mr Stratford & Mr Freed had 240 Tunns of Tin consignd to them upon ye same terms as the former was to {illeg}mr Drummond. The charges at home 765li. 10s. 8d. It produced {illeg}clear of all charges 32264l. 19s. 2d flemish including a loss of 16 blocks of Tin valued at 367. 0. {illeg}0 flemish after the rate of 33s Flemish to a pound sterling. And by consequence 197{illeg}563. 152. 0 sterling {illeg} that is after the rate of 4li 1s. 6d pr C The Queen lost 490li Flemish interest & 16 blocks valued at 367li Flemish, in all 857li Flemish = 519li. 8s – sterling wch is after the rate of 2s 2d pr C.
Mr Stratford reccons that
Source
MINT 19/3/484, National Archives, Kew, Richmond, Surrey, UK28 August 1711, c. 391 words.