'An Acct of ye cost & charges of sending Tynn to Amsterdam & selling it there by commission.'

<498r>

An Acct of the cost & charges of sending Tynn to Amsterdam & selling it there upo Commission.

		li	s	d
First cost per C Averdupois		3.	16	0
Customes		0.	3.	0
Cocquets, boat hire, searchers fees, wharfage &c about		0.	0.	6
Insurance at least 1 per cent		0.	0.	9
	Total	4.	0.	3

Thi{illeg}s summ, after the rate of 110$\frac{\mathrm{3}}{\mathrm{4}}$ pounds Averdupois to the Dutch weight, & 10 Gilders 12 Stivers to 20s sterling, comes to 42 Gilders per 100 Dutch weight.

				Gild.	stiv.
Total cost & charges paid in per 100 paid in London				42.	0
Paid in Holland, Customes	} The Queen paid ony {sic}	10		0.	12
$\frac{\mathrm{1}}{\mathrm{3}}$ Additional duty		3$\frac{\mathrm{1}}{\mathrm{3}}$		0.	4
Valuation & premium 2 pr cent. NB. The valuation is neare apt to be under the first cost then to exceed it & may amount to to 12 14 16 or 17st pr cent 100 bring this duty to 8 12 or 16 st pr 100. The Queen paid 12$\frac{\mathrm{1}}{\mathrm{2}}$ st for the tyn in H.			}	0.	16$\frac{\mathrm{1}}{\mathrm{2}}$12$\frac{\mathrm{1}}{\mathrm{2}}$
Cocquets & C{illeg}ustome-house fees about 25 or 30 styvers per parcel			}	0.	0$\frac{\mathrm{1}}{\mathrm{2}}$
Freight (as in Mr Drummonds Acct) 10 styvers per block. Averidge 3 styvers per Gilder, or 1$\frac{\mathrm{1}}{\mathrm{2}}$ styver per block. Boathire & lighterage for unlading 2 styvers pr block. Porterage & housing 2 styvers pr block. In all 15$\frac{\mathrm{1}}{\mathrm{2}}$ stivrs per block wch is about 4$\frac{\mathrm{1}}{\mathrm{4}}$ styvers pr 100			}	0.	5$\frac{\mathrm{1}}{\mathrm{4}}$
Total cha{illeg}ge of buying exporting & housing				43.43.	1{illeg}7$\frac{\mathrm{3}}{\mathrm{4}}$14$\frac{\mathrm{1}}{\mathrm{4}}$

By the Rule of false Position let the price in selling be put 45 Gilders per 100 Dutch weight & the charges of selling will be as follows.

5$\frac{\mathrm{3}}{\mathrm{8}}$ {	Carriage to the City weigh-house & weighing for sale	0.	1$\frac{\mathrm{1}}{\mathrm{2}}$
	City Duties half per cent for Weighing	0.	4$\frac{\mathrm{1}}{\mathrm{2}}$
	Prompt paymt 1 pr cent	0.	9
	Insurance of the paymts 1 pr c{illeg}ent	0.	9
	Returns of the money	0.	5
		45.	673$\frac{\mathrm{1}}{\mathrm{4}}$
	Commission 1 pr cent	0.	9
	PorteBrokerage	0.	23
	Ware-house room	0.	2
	Interest for two months forbearance	0.	6
		46.	3{illeg}$\frac{\mathrm{1}}{\mathrm{4}}$

<498v>

Observations upon the Foregoing Acct.ConsiderationsFurther Considerations.

1. The Pewterers in London factor upon trust for their correspondents in Holland & some other places, in small parcels of 10 20 30 or 40 blocks in a parcel & find it no {sic} very difficult matter to meet with ships wch want convenient ballast, & the people for whom they factor commonly act for themselves in their houses shops & ware houses without the charges orf Commission & Brokerage; & making three or four returns in a year content themselves with a small profit of one or two per cent in each return, & chuse rather to ris it then be at the charges of Ensuring. And the Pewterers sorting the Tin, make a profit of the grain Tynn into Holland, not finding their account in selling it there by commission.

2. By the above written Account it should be almost equall to a Merchant of Amsterdam to give 3li 1{illeg}6s per C Averdupois at London, or 43 Gilders 18 stivers per 100 Dutch weight at Amsterdam; t paying in ready money & her Maty bearing the extraordinary charges of her Office & Warehouse room at Amsterdam, & of the city weigh-house. I say almost equal, because the Merchant would desire to save the flreight & chuse to ris it, especially in times of peace.

× 3 Considerable quantities of Tynn are sent hence to Roterdam & Bruges, & unless something be allowed for the charges of getting it thither from Amsterdam, they will still have it it from London.

× 4. In the Tower the buyer takes the Tyn as it comes to hand without culling. In Holland the buyer is allowed to c{illeg}ull. And this makes the Tin of more value & readier sale before culling then afterward.

5 When Mr Drummond first proposed to sell Tynn by Commission for her Maty, he represented that the price had then been from 45 to 47 Gilders. The late Ld Treasurer put the price at 44$\frac{\mathrm{1}}{\mathrm{2}}$ & Mr Dr{illeg}ummond by that price had the whole trade of Holland. Might he not at 45 have had almost the whole trade,& at 46 half the trade,,& at 47 have sold a little?some of the best Tin?

<499r>

32. By the above written Acct the Merchant can have Tynn housed at Amsterdam for 43G 1{illeg}1st$\frac{\mathrm{3}}{\mathrm{4}}$ besides 25$\frac{\mathrm{1}}{\mathrm{2}}$st charges of returning the money. And this puts the price at 44 Gi{illeg}ld. 3 stivers0$\frac{\mathrm{1}}{\mathrm{4}}$ st in ready money. Add for prompt payment, ensurance of paymts & two months interest, 1 Gildr 4st. & the price at Amsterdam will be 45G 54$\frac{\mathrm{3}}{\mathrm{4}}$st. But the {illeg}merchant would chuse rather to buy at London then pay Freight & Averidge, & to ris it at {illeg}sea then allow 1 per cent insurnace, especially in times of peace.

43 Considerable quantities of Tynn are sent hence to Roterdam & Bruges, & unless something be allowed for the charges of getting it thither from Amsterdam, they will still have it from London.

<499v>

EnsuringTo ensure hazzards at sea & in {illeg}returning the payments twould carry away too much of the profit of the traders. The Pewterers make an advantage by culling out the grain Tin. They usually save the freight by finding ships that want ballast What they reccon to their correspondent for factoring I cannot yet learn not {illeg} what methods they have of returninggetting the price of Tinin returned & at what charge. {illeg}But if all these things taken together be recconed at about a Gilder, the whole charge of housing Tin at Amsterdam will amout {sic} to about 45 Gilders.

Octob. 1712. Proxime

Proxime Is. Newton