'An Account of what his Maty may loose by renewing for seven years the contract wth Cornwall & Devonshire now voyd by her Majts death'

<32r>

An Account of what his Majesty may loose by renewing for seven years the contract with Cornwall & Devonshire for Tynn now voyd by her Majestys death.

If the King should now renew the contract for seven years; the dead stock being at present about 400,000li & the interest thereof at 6 per cent 24000li per annum: his ajestys loss will be as in the following Account.

1840 Tunns of Tyn per annum at 3li 9s per cwt stannary weight		126960.	0.	0
Freight in London		1840.	0.	0
Salaries in London		1350.	0.	0
Incidents charges in London, as Porters &c		200.	0.	0
Passing Accounts &c		94.	0.	0
Salaries in Cornwall & Truro		1540.	0.	0
Incidents in Cornwall		700.	0.	0
Insurance & other unforeseen accidents		1000.	0.	0
Interest of 400,000li dead stock at 6 per cent		24000.	0.	0
Total yearly expence		157684.	0.	0
Income by selling about 1350 Tuns Averdupois per annum at 76li per Tun		102600.	0.	0
Expended yearly above the income		55084.	0.	0
Expended in seven years above the income		385588.	0.	0
Interest of this expence during the contract, about		70000.	0.	0
Interest of the money advanced by the King the two first years untill the Queens debts be aid off, about	}	12000.	0.	0
Total expence in seven years		467588.	0.	0

The Quantity of Tyn remaining unsold will be about 621$\frac{\mathrm{3}}{\mathrm{7}}$ Tuns per annum averdupois And the Total unsold in seven years about 4350 Tuns averdupois.

At the end of the contract if all the Tynn then in the Kings hands (which would be about 95000 Tuns) should be sold at once the Merchant would scarce give for it above 30 or 35li per Tun & at 35li per Tun the 4350 Tunns would be worth 152250li: which being deducted from the total expence leaves 315338li; the total loss by the new contract. And this loss is after the rate of 45000li per annum at a Medium.