<512r> yearly excess of the expesence above the income | 31084 |
| This excess advanced seven times | 217588 |
| Interest upon the seven advancements | 44761 |
| The late Queens debt upon the Tyn | 191200 |
| Interest upon the money raised to pay this debt | 68832 |
| Total expence above the income | 522381 |
| Tuns averdup. |
| Tyn left by the late Queen | 5200 |
| Tyn wch will be received by the king in seven years | 13880 |
| Tyn wch will be sold in seven years | 9450 |
Tyn wch will remain ain the kings hands at the end of ye contract | } | 9630 |
So great a stock of Tyn wth what will be further raised in Cornwall must of necessity clog the markets & beat down the price of Tyn so low that after the contract ceases it will scarce sell for more then 40£ per Tonn nor be sold in less then 10 or 12 years time.
If 963 Tuns per an̄ could be sold at 40£ pr Tunn the ~ ~ ~ ~ present value of the wholeannuity for ten years would be 283510£. From wch if the charges of warehouse room be & selling be deducted there will scarce remain 280000£. Which being deducted from ye 522381£ leasves the Kings laoss by the contract 242381£, or in round numbers, about 250000£, that is about 35000£ or 36000£ per ann̄ at a medium.
| 90, 315 |
| 28350 |
| 2620,90 |
| 235800 |
| 76) 400000 (5263 |
| 200 |
| 152 |
| 480 |
| 456 |
| 24 |
3772,6 |
| 3563 |
| 76 |
| 21378 |
| 24941 |
| 270788 |
| 4) 5240 (1257∟6. |
416766 |
| 10733 |
| 8333 |
| 240 |
| 2083 |
| 317 |
| 2917 |
| 25 |
| 2:: 5240. 3563∟2. |
10480 |
| 15720 |
| - 873 |
| 14847 |
| 2347 |
| 208333 |
| 26366 |
13{illeg}66 |
| 1,1,66 |
65) 98920 (15{illeg}26 |
3242 |
| 3250 |
9170 |
| 130 |
| 40 |
<512v> Tin re in the Queens hands At the beginning of theis contract June [2{illeg}24] 16710 in ye Queens hands | Tunns Av. 2{illeg}400 |
| Added 800 + 57 | 800 |
| 3200 |
| Left by the Queen at her death | 5200 |
Increased in 4 years & six weeks38 days | 2000 |
Received in 4 years 667 60T. stan = 6760 + 483 T:A = 7243 T. Av. | 7243 |
| Sold off in 4 years | 5243 |
| Sold per an̄ at a medium, 33 ) 41944 ( 1271 | 1271 |
Will be sold in 32 years 3813 - 159 = 3654 | 3654 |
Will be received in 3 years - 5520 + 1397 = 5917 | 5917 |
| Will be added to the dead stock in three years | 2263 |
Total dead stock at the end of thsis contract will be | 74636. |
The sale of 1271 Tuns Av. annually will 3654 Tuns at 76£ per T. will produce 21924 25578 277704 | 277704£ |
And leave 1546 Tuns of the Quuens stock. | |
The Queens
If 380 Tuns of ye dead stock could be sold annually at 44£ per Tuns it would produce an annuity of 3320 3320 36250 36520£ for 9 years together wch {illeg} discounting interest at {illeg}5 per cent would be worth in ready money 7.10782 X 36520 = 259577£. Subduct the charge of {illeg}selling & warehous room about 4000 & there will remain about 255000£, the value of the Tynn remaining at the end of the contr{illeg}act. Sub
Advanced for
The Advanced bfor buying 5520 Tuns st. wt in three year, & at defraying all other charges (331200 + 49680 + 5520 + 388411652) | 395{illeg}8052 |
{illeg}thereof32 years by the sale of {illeg}3654 Tuns of Tin at 5 pr cent | 107474 8956{illeg}2{illeg} |
Interest {illeg} upon the money advanced | 89562 |
Rd by sale of Tyn in 32 years 277704£ whereof about 200000£ being a debt upon ye Tyn the reaminder is 2777 | 487614 |
| {illeg}277704 |
The value of the Tyn remaining a the end of the contract | 250000 |
| 328000 |
| 160000 |
| Advanced for buying 5520 Tunns St wt in three years | 380880 | } | 40000 |
| For Freight | 5520 |
| For Other expences & accidents | 13600 |
Interest upon the money advanced at 5 pr cent. 900000 | 930000 |
Total expe{illeg}nce | 4930000 |
Received by sale of Tyn in 2 years 277704£, whereof about 2010000 is a debt upon Tin. The remainder is | 67704 |
If 830 Tuns of the dead stock could be sold annually at 44£ per Tun it would produce annually an annuity of 36250 for 9 years together, wch, discounting interest at 5 pr cent would be worth in ready money 259577£. Subpduct for the charge of selling & warehouse room & accidents about 4000, & the remainder 2{illeg}55577£ will be the value of the d{illeg}ead stock {illeg}in ready money at the end of the contract | } | 255577 |
| Total income | 323281 |
| Loss by the contract | 1766719 |