Holograph notes and calculations concerning the tin trade, and on proposed medal designs
Every hundred Tunns purchased above what the consumption will carry off makes a dead stock of Tynn annually increasing the interest of which at 6 per cent will in the end of seven years amount unto about 10000li & the dead stock of Tynn which should have been sold for 76li per Tunn will at the end of that time if the contract be not renewed, be scarce sell for above 50s per Tonn , so that there will be 18200 lost in the stock besides 10000li in the interest, & in both together almost 30000li.
NB If the King should renew the contract for seven years, the dead stock being at present about 400000 & the reconning would be as follows.
1840 Tunns per an' at 3li 9s in money & coynage duty st. wt | 126960 |
Freight to London | 1840. |
Salaries in London | 1350 |
Incident Charges in London as Porters &c | 200 |
Passing Accounts & | 94 |
Salaries in Cornwall & Truro | 1540 |
Incidents in Cornwal | 700 |
Insurance & other unforeseen accidents | 1000 |
Interest of 400000li dead stock at 6 per cent | 24000 |
157684 | |
Sold per an' 1400 Tun's averdupois at 76li per Tun | 106400 |
Expended yearly above the income | 51284 |
Expended in seven years above the income | 3449888. |
Interest of this money lost during the contract | 62097.17. |
Interest of the money advanced by the King the first two years w | 10000 |
72097. | |
Quantity of Tynn remaining unsold per an' Tunns Averd | |
Total unsold in seven years 4000 Tunns Averdupois. | |
The value thereof at 3li. 16s. 0d per cwt | 304000 |
The value thereof at 4li 18s per cwt in ready money if the contract cease | 152000 |
Which being deducted from the 344988 leaves a loss of | 192988 |
Add the lost interest 62097. | 62097 |
255085 | |
Interest of the moneys advanced till the Queens debts be paid | 10000 |
Total loss above | 265000 |
There may be a figure of a woman presenting the King with a Governall & the Woman may be either with a speer in her hand to represent Great Britain or in a Veil to represent Religion
304000
<44v>per an'
Source
MINT 19/5/44, National Archives, Kew, Richmond, Surrey, UKc. November 1717, c. 514 words.