'An Account of what his Maty may loose by renewing for seven years the contract wth Cornwall & Devonshire now voyd by her Majts death'

Author: Newton, Isaac

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An Account of what his Maty may losose by renewing for seven years the contract wth Cornwall & Devo Devonshire for Tynn now voyd by her Majts death.

If the King should now renew the contract for seven years to come; the dead stock being at present about 400,000li & the interest thereof at 6 pr cent 24000li per an: his Mts loss will be as in the following Acct.

1840 Tunns of Tyn pr an sta. wt, at 3li 9s per C sta. wt 126960.0.0
Freight in London 1840.0.0
Salaries in London 1350.0.0
Incidents charges in Londo,n, as Porters &c 200.0.0
Passing Accts &c 94.0.0
Salaries in Cornwall & Truro 1540.0.0
Incidents in Cornwall 700.0.0
Insurance & other unforeseen accidents 1000.0.0
Itnterest of 400,000li dead stock at 6 pr cent 24000.0.0

Total yearly expence

 157684.0.0
Sold pr anabout per {illeg}Income by selling about 1{illeg}350 Tuns Averdupois per an at 76li per T{illeg}un 102600.0.0
Expended yearly above the income 55084.0.0
Expended in seven years above the income 385588.0.0
Interest of this expence during all the contract, about 69405.70000.600.{illeg}00
Interest of the money advanced by the King the two first years untill the Queens debts be aid off, about } 12000.0.0
Total expence in seven years 467588.0.0

The Quantity of Tyn remaining unsold per an will be about 62137 Tuns per an av{illeg}erdupois
~And ye Total unsold in seven years will be about 4350 Tuns averd.

The value thereof at 3li 16s pr C 330600

At the end of the contract if all the Tynn then in the Kings hands should (wch would be about 1{illeg}95000 Tuns) should be sold at once at the Merchant would scarce give abo for it above 30 or 35li per Tun & at this rate35li pr Tun the 4350 Tunns would scarce be worth above 152250li: which being deducted from the total expence leaves 315338li; the total lossA {illeg} this loss the total loss by the new contract, wch by the new contract. And this loss is after the rate of 45000li pr an at a Medium.