Holograph notes and calculations concerning the tin trade, and on proposed medal designs
Every hundred Tunns purchased above what the consumption will carry off makes a dead stock of Tynn annually increasing the interest of wch at 6 per cent will in the end of seven years amount unto about 10000li & the dead stock of Tynn at the end of th wch should have been sold for {illeg}at time will not be worth 40s per3li {illeg}{illeg} 76li per Tunn will at the end of that time if ye contract be not renewed, be scarce worth above 30li sell for above 50s per Tonn in ready money for the whole &, the whole loss in the dead stock & interest together will amount so that there will be ing to about 36600li2600 18200 lost in stoc inthe dead stock besides 10000li in the interest, & in both together almost 30000li.
NB If the King should now {illeg} t{illeg} renew the contract for seven years, the dead the dead stock being at present about 400000 & the reconning would be as follows. purchase wo in the interest of{illeg}&
1840 Tunns per an' at 3li | 126960 |
Freight to London | 1840. |
Salaries in London | 1350 |
Incident Charges in London as Porters &c | 200 |
Passing Accts & | 94 |
Salaries in Cornwall & Truro | 1540 |
Incidents in Cornwal | 700 |
Insurance & other unforeseen accidents | 1 |
Interest of 400000li dead stock at 6 per cent | 24000 |
157684 | |
Sold per a | 106400 |
34498 | |
Interst {sic} of this money lost during the contract | 62097.17. |
Interest of the money advanced by the King the first two years w | 10000 |
72097. | |
Quantity of Tynn remaining unsold per an' Tunns Averd | |
Total unsold in seven years 4000 Tunns Averdupois. | |
The value thereof at 3li. 16s. 0d per C | 304000 |
The value thereof at 4li 18s per C in ready money if the cōtract cease | 152000 |
Which being deducted from the 344988 leaves a loss of | 192988 |
Add the lost interest 62097. | 62097 |
255085 | |
Interest of the moneys advanced till ye Queens debts be paid | 10000 |
Total loss above | 2 |
There may be a figure of a woman with presenting the King with a Governall & the Woman may be either with a {illeg} speer in her hand to represent Great Britain or wit in a Veil to represent Religion
304000
<44v>pr an'
Source
MINT 19/5/44, National Archives, Kew, Richmond, Surrey, UKc. November 1717, c. 514 words.