<513r>
An Account of the loss wch his Maty. may sustein by renewing, for seven years, the contract with Cornwall & Devonshire for Tynn, now voyd by her late Maties. death.
| Paid annually for 1840 Tunns of Tyn at 3£ 9s pr C sta wt | 126960. 0. 0 |
| Freight to London | 1840. 0. 0 |
| Salaries in London | 1350. 0. 0 |
| Incident charges in London, as Porters &c | 200. 0. 0 |
| Passing Accompts &c | 94. 0. 0 |
| Salaries in Cornwall & Truro | 1540. 0. 0 |
| Incidents in Cornwall | 700. 0. 0 |
| Insurance & other unforeseen accidents | 1000. 0. 0 |
| Total yearly expence | 133684. 0. 0 |
Total expence in seven years | 935788. 0. 0 |
| Yearly income by selling about 1350 Tuns Averdup. pr an̄ at 76£ pr Tun | } | 102600. 0. 0 |
Income in seven years | 718200. 0. 0 |
Excess of the expence above the income | 217588. 0. 0 |
| Yearly excess of the expence above the income | 31084. 0. 0 |
Excess in seven years {illeg}83217588. Interest arising thereby | } | 718200. 0. 0 |
Interest arising by this excess {illeg}40000. | {illeg}8{illeg}257588. 0. 0 |
{illeg} The late Queens debt upon the Tynn paid in the two first years | 191200. 0. 0 |
| Interest upon this payment till the end of the contract | 63400. 0. 0 |
| Total expence above the Income | 254600. 0. 0{illeg}{illeg}5128188. 0. 0 |
| Tin left by the late Queen - 5200 Tuns averdupois |
Tin wch will be received by the King in 7 years - 123880 Tuns averd. |
Tin which will be sold in seven years 9450 - 9450 Tuns. |
Tin wch will remaining {sic} in the kings hands at ye end of ye contract - {illeg}9630 Tunns. |
So great a stock of Tin, wth what will be further raised in Cornwall, must of necessity beat down the price of Tin so low, that it weill after the end of the contract scarce sell for above 40£ per Tun, & be 12 or 16 years in selling. And the charge of warehouse room & Officers & Porters to sell it & rebate of interest till the money comes in must bebeing deducted, the Tin at ye will beremain scarce worth above 28 or 30£ per Tun to be sold all together at the end of the contract for ready money. At 30£ per Tonn the 9630 Tons will be worth 288900£. And this being deducted from the 512188£ will leave 6888 223288£ the Kings loss by the contract.
<513v> | Tunns Averd |
| Tin in the late Queens hands at the beginning of this contract June 2d 1710 | } | 2400 |
| Added 800 Tunns St. wt | -857 |
| Total | 3257 |
| Left by the Queen at her death | 5260 |
| Increased in four years & two months | 2003 |
| Received in four years 6760 Tuns Stand | 7243 |
| Sold off in four years & two months | 5240 |
| Sold per an̄ at a medium | 1257∟6 |
| Will be sold in 2 years | 3563 |
| Will be received in 3 years 5520 T. stan. | 5917 |
| Will be added to the dead stock in three years | 2354 |
| Total dead stock at the end of this contract will be | 7614 |
|
| Money advanced for buying 5520 T. St. wt in 3 years | 380880£ | } | 40000 |
| For freight | 5520 |
| For other expences & accidents | 13600 |
| Interest upon the money advanced at 5 pr cent | 30000 |
| 430000 |
Will be received by sale of Tin in 2 years 2707788 whereof about 210000 is a debt upon the Tin. The remainder is | 60788 |
If after the contract is at an end 14000 Tuns sta. wt should be sold annually at 40£ pr Tun, one half by the K. the other half by Cornwall: the Kings share would produce an annuity of 28000 for almost 11 years, the pr value of wch in ready money would be | |
Twelve thousandhundred Tuns st. wt Tin & freight at 70£ pr Tun | 84000 |
| Other Expenses 5000. | 48815000 |
Inte Queens debts per an̄ | 30000 |
| 92000 |
Sold annually 1260 Tun av adt 76£ per Tun | 95760 |
| 4) 2310 (554 |
| 2083 |
226 |
| 208333 |
| 18333 |
| 182666 |
| 0666 |
Rd in 1
{illeg} 4)5252 (126 |
461666 |
| 108533 |
| 83333 |
| 2520 |
Gold in 10 Unsold in 10 years . 5260
195) 5260 (5{illeg}10. |
| 5250 |
| 100 |
| 95) 5260 (553∟6 |
| 475 |
| 510 |
| 350 |
| 285 |
6{illeg}50 |
| V 1260 |
| 76 |
| 7560 |
| 8820 |
| 95760 |
| 16400 |
| 820 |
| 800 |
178120 sta 1297 |
| 1297 |
| 19417 |
95) 414157 (1400 |
| 465 |
| 9.64900 |
| 23240 |
| 209160 |
| 13944 |
| 9296 |
| 20916 |
| 224242∟76 |