Holograph draft of MINT00727 (Mint 19/3/537)

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The charges of sending Tynn to Amsterdam (in the account drawn up by me) amounted to 4. 3. 11$\frac{\mathrm{1}}{\mathrm{2}}$ to which in the selling I added the interest of two months forbearance at 6 per cent & the allowance of one per cent for prompt payment at the end of that time, both amounting to 20$\frac{\mathrm{1}}{\mathrm{2}}$: which made the selling price 4li. 5s 8d per cwt english, to be turned into Dutch money per Dutch weight according by the course of the exchange. This recconing was at a Medium But there are secrets & mysteries in trade which cannot be brought to any recconing. And unless competent allowance be made for the same the Dutch will send to London for Tin & undersell the Queen a Amsterdam.

Particularly in the said recconing, Commission was put at 9d per cwt, whereas the Dutch can have their buisiness done by the Pewterers at 6d. Insurance at sea was put at 9d whereas the Dutch in times of peace will not reccon it at 3d. And interest for two months forbearance was put at 9st whereas the Dutch who can borrow money at four per cent will reccon it but at 6st And freight was put at 3$\frac{\mathrm{1}}{\mathrm{3}}$ stivers whereas the Dutch can have Tin brought home upon their own bottoms sometimes at half the price, & sometimes for ballast. And if upon all these considerations about 1s 2d be abated the remaining price will be 4li 4s 6d. The Duties paid by her Majesty in Holland for the Tin now there amounted to 1 Gilder 5$\frac{\mathrm{5}}{\mathrm{6}}$ per 100 Dutch weight, that is is about 29$\frac{\mathrm{1}}{\mathrm{2}}$d per cwt english. But a Dutchman usually contrives to have his Tin put on board several ships for lessening the charge of freight & to run as much of it as he can & what they cannot run they endeavour by their acquaintance to get taxed low. And what allowance to make for these practises I know not. If only 6d per cwt should be allowed, it would bring down the price to 4li. 4s. 0d per cwt English to be turned into Dutch money per Dutch weight from time to time according to the course of the Exchange.

Out of this price a deduction is to be made of one per cent Commission one per cent prompt payment one per cent insurance of payments & one per cent Brokerage & charges at the city weigh-house in all four per cent or 3s 4d$\frac{\mathrm{1}}{\mathrm{4}}$ per cwt: besides 2d per cwt for ware house room. Which being deducted from 4li. 4s. 0d leaves 4li. 0. 6d, clear of all charges except the charge of returning the moneys for which the Tynn is sold. This charge Mr Beranger in the presence of my Lord Treasurer recconed at 5d in changing Specie money into Bank money. In the discourse between Mr Beranger & me no mention was made of Vsance. For it was proposed between us that he himself should to his Lordships Order the price to be set by his Lordship clear of all charges for so much Tinn as he should sell, & account of the payments before an Auditor provided he could have good vouchers for the same payments, & that the returns or payments should be made without two months after the sales, that time being given to the buyer

Considering the great quantity of the Tinn & that Mr Beranger does not live in Holland, His Lordship when ever it shall be thought fit may send over an Agent to oversee the Sales & Accounts & keep a recconing if them & of the Tynn remaining have of keys too each Warehous where the Tinn is laid up till it shall begin to be sold.

<text in Unknown Hand begins>Come's Baldini et Franciscus Bianchini adjucient ut obsequeu tucc restaicutier et gratias ajennt D. Equiti Newton au Eumillime ic adstrictor profitener

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To
The Lady Paul

<text in Isaac Newton’s hand begins>And this price, as the Exchange goes now would amount to 46$\frac{\mathrm{1}}{\mathrm{2}}$ Gilders per 100 weight Dutch.