Draft of MINT00706 (Mint 19/3/487) with variant figures but to the same general effect
940li | pr ann. | ||
Insurance | 2000 | pr ann. | |
Interest of about 1800000liat | 6 pr cent | 10800 | |
5 pr cent |
Pd annually for 1600 tunn | 112000 |
2000 | |
Salaries including 30 | 2890 |
All incidents in Cornwall & London | 940 |
Insurance | 2000 |
Interest of about 180000li at 5 pr cent | 9000 |
128830 | |
1670. |
Paid annually for 1600 Tuns of Tin at 3li 10s | |
Freight to London | |
Insurance | 1500 |
Salaries including 30li to Truro | 2890 |
All incidents in Cornwall & London | 1000 |
Total | 119533 |
Interest of 119533li advanced for a year & an half at 5 pr cent | 8965 |
Total | 128498 |
130286 | |
| |
130285 | |
Gained by her Maty | 1788 |
Recd annually from | 1644 |
wch in ye |
In obedience to your Lordps Order of Ref. of Nov. 9th instandt of upon the annexed petition of the several Gentlemen in Cornwall fo about renewing the contract for Tin we have considered the same & are humbly of opinion that if ther Maty shall contract for no be not made for a greater {illeg} quantity of Tin then shall be annuall ye consumption shall annually carry off: her mMajty {illeg}may safely without loss give 3li 10s per C stan. wt, the sta Tinners paying the coynage Duty & Post Groats {illeg}or {illeg}an equivalent: And by considering the annual consumption & {illeg} in this & the three formers contra yearsgrownded the interest of money advanced b upon the Tin biseinngot reckoned at no more then 5 pr cent. And the consumption in this & the three former years am {illeg}ounting at ata medium to about 15460 {illeg} or 1500 Tunns pr an s{illeg}tannary wt, we are humbly of opinion that the annuall con{illeg}sumption in the next {illeg}contract in times of war will continue will be much the same in times of war, {illeg}& but what it will be in times of pea{illeg}ce we have hitherto had no experience by wch we can make a jugment {sic}. But considering that at present considerable quantities of Tin are coyned through Holland Germany &other countries into France & we are humbly & {sic} Spain the only two coyntres of the enemy wth wch we have not an open trade, & that the consumption of those two countries amounted before the present war amounted only to about Tuns annually: we do not yet see reason to beleive that the consumption in times of peace will amount to more then 1600 Tunns pr an stannary wt.
And we are humbly of opinion that ye consumption annuall consumption of Tin in the next contract will in times of war be much the same that it has been in this & the three former contracts wch one year wth anotherlast years wch at a medium has amounted to about 1500 Tunns of Tinn annuallyper an stannary wt. AndBut what it will be may prove will be in times of peace we cannot affirm in times of pea do not yet know by any experience: but belt{illeg}{illeg}are not {illeg}bled to judge by any experience. Yet considering that Tin is in quantity conveyed through other countries (& sometimes into France & Spain {illeg} by captures)wthout the only countries wth wch we have not a free trade during the warat present & that the consumption of Tin in those two countries (by the Customes house books) {sic}) amounted only to about Tunns per annum befor yethe war began, we are humbly of opin not yet satisfied that in times of peace the consumpti{illeg}on will exceed 1600 Tunns per an.
Source
MINT 19/3/488, National Archives, Kew, Richmond, Surrey, UKNov. 1709, c. 680 words.