Preparatory notes and calculations concerning Dutch trade and English customs on it for MINT00720 (Mint 19/3/498-9)
An Account of the cost & charges of sending Tinn by the Pewterers to their correspondents in Holland
The first cost, Customes Cocquets boat hire &c come to 3£ 19 6d pr | ||
cwt Averdupois, (as in the other Account) that is to 41 G 12 st per 100 Dutch weight | 41. 12 | |
Customes Additional Duty & Valuation at Amsterdam about | 1. 5 | |
Cocquets & Custome house fees about | 0. 0 | |
Boat hire Lighterage Porterage & housing at Amsterdam 4 st per block | 0. 1 | |
Allowances between the Pewterers & their correspondents in Holland answering to prompt payment & three months interest till the price be returned | 1. 01 | |
44. 0 | ||
Hazzards at Sea & in returning the price of TInn are not ensured nor are they valued by the traders at 2 per cent & the freight they usually save by finding ships that want ballast. For they export the Tinn in small parcels which ships can easily take in. | } | 0. 18 |
Factorage | 0. 3 | |
45. 00. |
First cost & 3£, 19 Cocquets, boat hire, &c 6d, Factorage 6d. Commission more or less 1 pr cent or 9d. Total 4£ 0 9 per cwt Averdupois that is 42G. 6st per 100 Dutch wt | } | 42. 6 |
Customes Additional Duty & Valuation at Amsterdā | 1. 5 | |
Cocquets Customehouse fees as on the other Account | 0. 0 | |
Freight 6 8 10 or 12 styvers per block & sometimes nothing At a medium (including Averidge) 9 or 10 stivers st per block. Boathire Lighterage Porterage & housing 4 st per block. In all 13st or 14 st pr block or 5 per 100wt | } | 0. 5 |
43. 7 |
Hazzards or losses at Sea & in returns of money are uncertain The merchants do not ensure. In times of peace the hazzards are less. If this Article be recconed at about 1 per cent or 9 stivers per 100 wt the whole Account will amount to about 44 G 16 or 17 st.
<511v>This Summ by , I recconning 10 Gilders 12 st to 20s & 110 pounds I.AverdupoisII. to the Dutch 100 wt, comes to 2s 11 pr cwt English. And this added to 4. 1 makes the whole charge (in ready money) of exporting & housing Tinn 4.£ 3.s 11d per cwt English wt or 4. 3. 0 per 100 Dutch weight.
Add 1 pr cent for prompt payment & 1 per cent for interest of two months forbearance or insurance of payments And the selling price will be 4£ 4s 8d pr 100 Dutch weight, or 44Gilders 17 stivers
In this recconnig I consider not the charges of Brokerage Warehouse room & the Town weigh-house & Commission in Holland because that would be doubling the charge to them that buy to sell again & imposing a superfluous charge upon them that can buy at £ for their own use. People there usually act for themselve in their own houses shops & warehouses without the charges of commission or brokerage.
1 per cent for prompt payment & two months forbearance are advantages to the buyer & ought to be paid for. Add therefore 1 per cent for prompt payment & 1 per cent interest for two months forbearance or insurance of payments : & the selling price will be 4£ 4s 8d per 100 Dutch wt, or 44 Gilders 17 Styvers.
In this recconning I consider not the charges of Warehouse room, Brokerage, the Town weigh house Duties & Commission in Holland because they bring no advantage to the buyer, & may be avoyded by him if he sends to London for Tynn.
NB. The Interest of the money paid in London may be recconned 1d pr week pr cwt till the Tin is housed at Amsterdam. The Pewterers put Tin on board at 4£ & therefore act for a Comission of about 6d, per cwt Merchants scarce take less then 1 pr cent which comes to 9d.. And tho insurance is scarce to be had for less then 1 pr cent yet Traders had rather ris it then give so much, & therefore value it at less suppos 6d 7d or 8d pr cent & those that live in Amsterdam may sometimes save the Duties or get them valued at low rates.
1 pr cent Commission 9st 10d | |
Town weigh-house 5 or 6t = | 6 |
Promp payment 1 per cent 9st = | 10 |
Brokerage 3t | 3 |
Warehouse room 1 or | 2 |
( | 2. 8 |
Prompt payment | 0. 10 |
Besides two months-interest & charges of returns. | 3. 6 |
1 pr cent commission | 10 |
Town weigh-house | 6 |
Prompt payment | 10 |
Brokerage | 3 |
Warehouse room 1 or | 2 |
2. 8 | |
Besides two months interest & charges of returns. |
Source
MINT 19/3/511, National Archives, Kew, Richmond, Surrey, UKAfter 18 August 1705, c. 811 words.