Draft of MINT00314 (Mint 19/2/172)
The three-Guilder piece of Holland new out of the mint is <text in Unknown Hand begins>intrinsically <text in Isaac Newton’s hand begins>worth in new English silver money 5s. 2d at a medium. And thence twenty shillings new English silver money is worth in new Dutch silver money 11 Guilders 9 styvers 5 deniers at a medium.
Twenty shillings of English silver money lately passed in Holland for 10 Guilders & nine or ten Styvers, or at a medium 10G. 9st.
The loss by the exchange was {illeg}one Guilder - .
Whereof Her Maty allowed to the forces in Flanders 5 styvers.
And the force beare the rest of the loss vizt 14 styves, wch is 6 per cent.
The French Crown new species passes at Dunkirque & I think in all France, for five Livers, & new out of the Mint is <text in Unknown Hand begins>intrinsically <text in Isaac Newton’s hand begins>worth in new English Silver money 5s 1d at a medium. And thence twenty Shillings new English silver money is worth in new French Silver money of the new species 19livers 13 sous 5 deniers at a medium.
Twenty shillings English silver money passes at Dunkirque for seventeen Livers, recconing a French crown new species at five Livers.
The loss by the exchange is 2 Livers 12 Sous 5 deniers
Which loss being divided between thHer Maty & the forces at Dunkirque in the same proportion as in the payment of the forces in Flanders, Her Majts allowance to the forces at Dunkirque in part of that loss will come to 14 sous, or (in the next round number) to 15 sous: wch added to the 17 Livers will make her Majties allowance 17 Livers 15 sous for to the forces at Dunkir for one pound Sterling., recconing a crown piece new-species at five livres as above.
ANd the loss to be born by the forces will be 1Liver 18sous 5den wch is 9 per cent.
This recconing is founded upon the old proportion; but her Majty may vary from that proportion at pleasure.
The probability that the course of exchange may alter in time of peace is also left to consideration.
Source
MINT 19/2/167, National Archives, Kew, Richmond, Surrey, UKEarly October 1712, c. 347 words.