Holograph draft of MINT00727 (Mint 19/3/537)

<528r>

In the account of the price of Tinn ye Tinn in Holland stated by me the selling price in English money per C English is

The charges of sending Tynn to Amsterdam (in ye account drawn up by me) amounted to 4l. 5s. 8d {illeg}per C englishing including One per cent 4. 3. 11$\frac{\mathrm{1}}{\mathrm{2}}$ {illeg}To wch in the selling I added Interest one per cent interethe interest of two per cent in the setting months forbeareance at 6 per cent & the allowance of one per cent for prompt payment at the {illeg}end of that time, both amoundting to 20$\frac{\mathrm{1}}{\mathrm{2}}$: wch made the selling price in English mone 4li. 5s 8d {illeg}per C english, to be turned into Dutch money per Dutch weight according by the course of the exchange. T{illeg}ehis recconing was at a Medium
    But in between & & sometimes {illeg} But there are secrets & mysteries in trade wch cannot be brought to any recconing. The Merchants themselves know not how to And unless competent allowance be made for the same the Dutch will send to London for Tin & undersell the Queen a {sic} a Amsterstam {sic}.

Particularly in {illeg}the said recconing{illeg}, {illeg} Commission pu p was put at 9d per C, whereas the Dutch can have th{illeg}eir buisiness done by the Pewterers at 6d. {illeg} Insurance at sea was put at 9d whereas the Dutch in times of peace will not reccon it at 3d. And interest for two months forfbeiarance was put at 9dst whereas the Duch {sic} who can borrow money at four per cent will reccon it but at 6dst The And freight was put at 3$\frac{\mathrm{1}}{\mathrm{3}}$ st. whereas the Dutch can have it Tin brought home upon their own bottoms at 2st under three stiverssometimes at at {sic} half the price, & sometimes at 2st or {illeg}1st or even for ballast. And if u{illeg}pon all these considerations about 1s 2d be abated the{illeg} remaining price will be {illeg} 4li 4s 6d. The Duties paid by her Maty in Holland for the Tin now there amounted to 1 Gilder 5$\frac{\mathrm{5}}{\mathrm{6}}$ that is per 100 Ducth {sic} weight, but D{illeg}uch {sic} that is 5s {illeg} is about 29$\frac{\mathrm{1}}{\mathrm{2}}$d per C english. B{illeg}ut the a Dutchman {illeg} usually contrives to have theirhis Tin put on board several ships for lessening the charge of freight & to run as much as theyof it as he can fo it for lessening & what they cannot run they endeavour by their a{illeg}cquaintance to get taxed {illeg}low. And what allowance to make for these {illeg}practises I know not. If only 6d per C should be allowed, it would bring down ye price to 4li. 4s. 0d per C English to be turned into Dutch money p{illeg}r Dutch wt from time to time according to ye course of ye Exchange.

Out of

Out of this price a deduction is to be made of 1 pr Cent for prompt payment Commission Insurance of payments,② one per cent prompt payment ① one per cent Commission ③ one {illeg}pr cent insurance of payments {illeg} & one per cent Brokerage & charges at the city weigh-house w{illeg} all wch amount to 3{illeg} in all four per cent or 3ds 4d$\frac{\mathrm{1}}{\mathrm{4}}$ per C: besides 2d per C for ware house room. Which being deducted from 4li. 4s. 0d leaves 4li. 0. 6d, clear of all charges except the charge{illeg} of returning the moneys {illeg}for wch the Tynn is sold. This charge Mr Beranger in the pres{illeg} beencefore of hismy Lord {illeg}Trea{illeg}surer receivconed at 9d {illeg} yorhis Lordp at 5d in changing Specie money into Bank money. In the discourse between himMr Beranger & me no mention was made of Vsance. For it was proposed between us that he himself should yor his Lordpsto his Lps Order ye price to be set by his Lp clear of all charges to his Lordps Order for so much Tinn as he should sell, & account of the same, same payments before an Auditor provided he could have good vouchers {illeg}for the {illeg}same payments, & t{illeg}hat the returns or payments should be made without two months after the sales, that time being given to the buyer

Considering the great quantity of the Tinn, & that Mr Beranger does not live in Holland as

Considering the great quantity of the Tinn & that Mr Beranger does not live in Holland, His Lordp when ever it shall be thought fit may send over an Agent to oversee the Sales & Accounts & keep a recconing if them & & of the Tynn remainin{illeg} {sic} {illeg}have {illeg} of keys too the each Warehouses where the Tinn is laid up till it shall begin to be sold., while Mr Berangers Agents have another

<text in Unknown Hand begins>Come's Baldini et Franciscus Bianchini adjucient ut obsequeu tucc restaicutier et gratias ajennt D. Equiti Newton au Eumillime ic adstrictor profitener

<528v>

To
The Lady Paul

<text in Isaac Newton’s hand begins>And this price, as the Exchange goes now would amount to 44 {illeg} + 2$\frac{\mathrm{1}}{\mathrm{5}}$ of 45 Gilders 46$\frac{\mathrm{1}}{\mathrm{2}}$ Gilders per 100 weight Dutch.