Draft of MINT00720 (Mint 19/3/498-9)

<500r>

An Account of the charges of exporting Tyn to be sold ab in Holland.

Charges paid in England per Cwt English

Customes	0.	43.	0
Cocquets, boat hire, searchers fees, wharfage &c	0.	0.	6.
Hazzards at sea or ensurance	0.	30.	{illeg}9
	0.	4.	3

Carges {sic} paisd in Holland pr Cwt Dutch

Freight (as in Mr Drummonds Acct) 10s styvers pr block Averidge 3 styvers pr Gilder or 1$\frac{\mathrm{1}}{\mathrm{2}}$ st pr block, Boat hire & loyterage for unladindg 2 st pr block, porterage & housing 2 st pr block. In all 15$\frac{\mathrm{1}}{\mathrm{2}}$ st pr block, {illeg}or (if about 7 blocks be recconed to a Tunn,) about 5st $\frac{\mathrm{7}}{\mathrm{16}}$ per C	}	G	st	p
		0.	5.	7
Customes pr C		0.	12.	0
$\frac{\mathrm{1}}{\mathrm{3}}$ Additional Duty		0.	4.	0
Valuation & premium 2 pr cent (the valuation scarce e{illeg}qualling the fist cost) about	}	0.	17.	0
Total per Cwt Dutch		1.	18.	7
Which reduced to the English Cwt comes to Difference of weight comes to $\frac{\mathrm{7}}{\mathrm{16}}$ styver. Which reduced to English we
That is per Cwt {illeg}English		1.	18.	14
Which reduced to English weight & english money recconing 110$\frac{\mathrm{3}}{\mathrm{4}}$ the Dutch C to ye {illeg}Englissh C as 110$\frac{\mathrm{3}}{\mathrm{4}}$ to 112$\frac{\mathrm{3}}{\mathrm{4}}$ & that 10G 12st make equals 20s sterling
comes to 3s. 8d pr C English, & this summ added to 4s 3d paid in England makes the whole charge 7s. 11sd per C wt English.

It it therefore equal to the Merchant whether he gives 3li. 16s. 0d per C weight for Tynn at the Tower {illeg}or 4. 3s 11d

An Acot of the charges of sending Tyn to Amsterdam.

Charges pd in England

First cost 3li. 16s. Customes 3s. Cocquets boat hire, searchers feees {sic}, wharfage &c 6d. Hazzards at sea or Ensurance 9d. Total 4li, 0s 3d per C Engl{illeg}ish thhat is 3li. 19s. 3d per C100 Dutch. Wch being reduced into Dutch money the rate of 10 G. 12 st to 20s stvyerssterling amounts to 42 G per 100 Dutch weight

Charges pd in Holland

Freight (as in Mr Drummonds acct) 10 styvers pr block Averidge 3 styvers pr Gilder or 1$\frac{\mathrm{1}}{\mathrm{2}}$ styvers per block, boat hire & loyterage {illeg}for unlading 2 st pr block, porterage & housing 2st pr block. In all 15$\frac{\mathrm{1}}{\mathrm{2}}$ styvers pr block, & {illeg} or about 5$\frac{\mathrm{2}}{\mathrm{5}}$ st per C. Item Customes pr C 12st, $\frac{\mathrm{1}}{\mathrm{3}}$ Additional Duty 4st, Valuation & Premiu 2 per cent or about 154 16 or 17st per C the valuation being usually a little underto the first {sic} the first cost.or a little under.

Total 38$\frac{\mathrm{1}}{\mathrm{2}}$st per C {illeg} 100 Dutch wt, wch reduced into English money at 10G 12st to 20s sterli{illeg}ng comes to 3s. 7d, per 100 Dutch or 3s 7$\frac{\mathrm{1}}{\mathrm{2}}$ per C Englis CCocquets & Custome house fees about 25 or 30 styvers to a parcel

A. Which added to 3. 19. 3 makes the whole charge 4li. 2s. 10d per 100 wt Dutch or 4. 3. 10$\frac{\mathrm{1}}{\mathrm{2}}$ per C English.

It is therefore equal to the Merchant whether he give in ready money 3li. 16s pr C english wt at ye Tower or 4li 2s 10d per 100 Dutch wt at Amsterdam, her Majtypaying {sic} in ready money at both places.excepting some considerations hereafter mentioned. And therefore if her Maty should set up an Office to sell at Amsterdam for ready money at a par{illeg} wth the sales in the Tower the price at Amsterdam pr C weight Dutch <500v> should be aboutnot exceed 4. 2. 10 turned into Dutch money, Her Maty bearing the charges of the Office & Warehouse room, [{illeg}& of the carriage to the city weigh-house & weighing for sale & the city Duty of $\frac{\mathrm{1}}{\mathrm{2}}$ pr cent upon selling for ready money to them that sell again upon t{illeg} prompt payment] & such further & the excess of the charge of buying in Amsterdam above that of buying in London.] & & {sic} the extraor extraordinary Dutys of the city weigh hou{illeg}se. But yet something may be abated of this price upon these considerations.

1 The Pewterers who factor for f{illeg}orreign merchants & in small parcells, can {illeg} frequently mget such parcells to be take{illeg}en {sic} into ships but for ballast, wch is wch want ballast, & so save the freight.

2 Th{illeg}ou{illeg}gh 1 pr cent be very low insurance yet four Me{illeg}rchats {sic} chuse rather to ris it, & will have more reason to do so in times of peace.

3 The merchants for whom the Pewterers factor being generally forreigners, the{illeg}ose that are of Amsterdam can more easily procure favour for themselves in the valuation & premium then Englishmen can do for her Maty.

4 Th{illeg}e Pewterers sort the Tin & sell selll the grain Tin at higher price to those that want it, & thereby can afford to sell the rest at a lower price then they would otherwise do.

And for these reasons something

4 The Pewterers trust {illeg}sell to forreigners upon trust

An Account of the charges of selling Tin in Amsterdam at 45 {illeg} Gilders pr 100 wt Dutch.

	Commission 1 per cent			9
	Brokerage 3st pr 100 wt		0.	3
	Carriagge too the city weigh-house & weighing for sale		0.	1$\frac{\mathrm{1}}{\mathrm{2}}$
	City Duties $\frac{\mathrm{1}}{\mathrm{2}}$ per cent		0.	4$\frac{\mathrm{1}}{\mathrm{2}}$
	Prompt payment 1 per cent		0.	9
	Interest of two months forbearance &	}	0.	9
	Insuring payments 1 per cent
	Warehouse room		0.	2$\frac{\mathrm{1}}{\mathrm{2}}$
6	Promp paymt 1{illeg} forbearance & insurance of paymts 3 pr cent		4.	7
76	Interest of two months forbearance, Allowance for promp payment, {illeg}& insurance of ye paymts	}	{illeg}1.	5
	Returns of the money		0	5
			3.	{illeg}7$\frac{\mathrm{1}}{\mathrm{2}}$

Which reduced to English money at 10 G st to ye pound sterling is 76s. 1{illeg}4d $\frac{\mathrm{3}}{\mathrm{4}}$ per C 100 wt Dutch or 56s {illeg}5{illeg} per C english.

And these added to the former summs 4. 2. 10 & 4. 3. 10$\frac{\mathrm{1}}{\mathrm{2}}$ makes the whole charge 4li. {illeg}9s. {illeg}2d$\frac{\mathrm{3}}{\mathrm{4}}$ per {illeg} 100 wt Dutch, or 4. 1{illeg}0. 3$\frac{\mathrm{1}}{\mathrm{2}}$ per C English.

<501r>

An Acct of ye charges of sending Tynn to Amsterdam

Charges paid at London per C.

First cost {illeg} 1{illeg} per C weight	3.	16.	0
Customes	0.	3.	0
Cocquets, boat hire, serchers feeswharfage &c	0.	0.	6
Ensurance	0.	0.	9
Total	4.	0.	3

Which after the rate of 110$\frac{\mathrm{31}}{\mathrm{4}}$ pounds Averdupois to the Dutch 100 weight {illeg}& 10 Gild. 12 stiv. to 20s sterling, comes to 42 Gilders per 100 Dutch weight

Charges paid at Amster in Holland.

Freight (as in Mr Drummonds Acct) 10 styvers per block. Averidge 3 st per Gilder or 1$\frac{\mathrm{1}}{\mathrm{2}}$ styver pr block. Boat hire & lighterage for unlading 2 st pr block. Porterage & housing 2 st per block In all 15$\frac{\mathrm{1}}{\mathrm{2}}$ styvers {illeg} per block, & wch is about 5$\frac{\mathrm{1}}{\mathrm{3}}$ styvers pr 100	}	Gild.	stiv.
		0.	5$\frac{\mathrm{1}}{\mathrm{3}}$
Customes per 100 wt 12 stivers		0.	1{illeg}2
$\frac{\mathrm{1}}{\mathrm{3}}$ Additional Duty		0.	4
Valuation & Premium 2 pr cent, or about 14, 16 or 17 styvers pr 100, the valuation being usually to the first cost or under	}	0.	16$\frac{\mathrm{1}}{\mathrm{3}}$
Coquets & C{illeg}ustomehouse fees about 25 or 30 stivers to a parcel		0.	0$\frac{\mathrm{1}}{\mathrm{3}}$
Total.		1	18
Charges paid in England		42.	0
Total chargeTotal charge of exportation		42.	18

Charges of selling Tyn in Amsterdam at 45 Gilders pr 100.

Commission 1 pr cent		0.	9
Warehouse room at 30 st		0.	2
Brokerage		0.	3
Carriage to ye city weigh house & weighing for sale		0.	1$\frac{\mathrm{1}}{\mathrm{2}}$
City Duties $\frac{\mathrm{1}}{\mathrm{2}}$ per cent		0.	4$\frac{\mathrm{1}}{\mathrm{2}}$
Interest of two months forbearance, Allowance for paymt at ye end of that time & ensurance of the paymts	}	1.	4
Returns of the money		0.	5
Total		2.	9
Charge of exporting		43.	18
Total charge		46.	7

Therefore the Tyn to reimburse all the charges & hazzards should be sold in Holland for 46 Gilders 7 stivers per {illeg} 100 Dutch weight

Observations

The Pewterers in London fator {sic} upon trust for their correspondents in Holland & some other places, in small parcells of 10 20 or 30 or 40 blocks in a parcel & find it no very difficult matter to meet wth ships wch want s{illeg} {illeg} convenient ballast & the people for whom they factor comm{illeg}on{illeg}ly act by broker for themselves in their ownsho houses shops & warehouses without the charges of commission & brokerage & warehouse {illeg} {illeg}& making three or four returns in a year content themselves wth a small profit of one or two per cent in each return, & the Pewterer chuse rather to risque it then be at the charges of ensuring. And the Pewterers sorting the Tin mark sell the several <501v> at several rates & thereby make so muchsome advantage of the grain Tin that whereby they can afford to trust & forbear their correspondents abroad. And English Merchants seldom send Tynn into Holland not finding their {illeg}Account in selling it there by commission. [For these reason{illeg}s I reccon 46 G 7 st too high a price. Mr Drummond made his first proposal to my late Lord Trer he represented that Tin had then sold from 45 to 47 & his Lordp set ye price at 44$\frac{\mathrm{1}}{\mathrm{2}}$ perhaps it may sell at 45, or 45$\frac{\mathrm{1}}{\mathrm{2}}$, but the but the higher wil the price the slower will be the sale.]

2. By the above written Acct it is it woul be almost equal to the buyer what {illeg} {illeg} a Merchant of Amsterdam to gives 3li 16s pr C Averdupois at ye Tower or 43G 18st pr 100 Dutch wt at Amsterdam paying in ready money, & her Maty bearing ye extraordinary charges of the her Office & Warehouse room at Amsterdam & of the city weighhouse & {sic} {illeg}. I say almost equal, because the Mercht would chuse desire to save the freight, & might chuse to risque it, especially in times of peace [And therefore if the Tin could be sold at Amsterdam for ready money the price should be somethgsomething under 43G 18st.

3. Considerable quantities of Tin are sent hence to Roterdam & Bruges & unless something be allowed for their charges of getting it thither from Amsterd{illeg}am they will still send have it {illeg}fro L{illeg}ondon.

45. If When Mr Drummond first proposed the sending sell to sell Tin by Commn at Amster for her Maty he represented that ye price had then been from 45 to 47 Gilders: & tThe late Ld Trr put the price at 44$\frac{\mathrm{1}}{\mathrm{2}}$, {illeg}& Mr Drummond by that price had ye whole trade of Holland. Which ‡ {sic} This being compared wth the Accts & considerations above written it seems to me that at 44$\frac{\mathrm{1}}{\mathrm{2}}$ G Mrs Moulaneers & sons will have ye whole market of Holland of Holland at 545 G he will may have almost the whole market, at 46 he will lost half the market, at 47 he will sell very little. But in a paper of some
    ‡ In a paper of thatsome late sales of Sr H. Furnase they were from 44$\frac{\mathrm{1}}{\mathrm{4}}$ to 45$\frac{\mathrm{1}}{\mathrm{2}}$ wch is lower then in the memorial of Mr Drummond.

54. In the Tower the buyer take the Tyn as it comes to hand without culling. In Holland the b{illeg}uyer is allowed to cull. And this makes the Tin of {illeg} {illeg} more value & readier sale before sulling then afterward. [so that upon the first cullings may sell better for 4{illeg}6 or 47 st then the remainder for 45 or 4$\frac{\mathrm{1}}{\mathrm{2}}$.]

By the above written Acct the Merchant can have Tynn housed at Amsterdam for 43 G. 18st in ready money besides 14 st charges of returning the money. Add And this puts the price at 44 G 53 st in ready money. Add for prompt paymt, ,lb/>ensurance of ye paym{illeg}ents, & two months interest, 1 G 4st & the price {illeg}at Amsterdam will be 45 G st7 st. But her Ma free of all charges But the Merchant would insist upon a deduction of about 4 st for freight & averidge amounting to about 4 st & chuse rather to rise it buy at London & ris it then pay freight & averige & to ris it then allow 1 per cent insurance at sea especially in times of peace. For wch reasons the 7 st may be abated.