<512r> | yearly excess of the expence above the income | 31084 |
| This excess advanced seven times | 217588 |
| Interest upon the seven advancements | 44761 |
| The late Queens debt upon the Tyn | 191200 |
| Interest upon the money raised to pay this debt | 68832 |
| Total expence above the income | 522381 |
| Tuns averdup. |
| Tyn left by the late Queen | 5200 |
| Tyn which will be received by the king in seven years | 13880 |
| Tyn which will be sold in seven years | 9450 |
| Tyn which will remain in the kings hands at the end of the contract | } | 9630 |
So great a stock of Tyn with what will be further raised in Cornwall must of necessity clog the markets & beat down the price of Tyn so low that after the contract ceases it will scarce sell for more then 40£ per Tonn nor be sold in less then 10 or 12 years time.
If 963 Tuns per annum could be sold at 40£ pr Tunn the ~ ~ ~ ~ present value of the annuity for ten years would be 283510£. From which if the charges of warehouse room & selling be deducted there will scarce remain 280000£. Which being deducted from the 522381£ leaves the Kings loss by the contract 242381£, or in round numbers, about 250000£, that is about 35000£ per annum at a medium.
| 90, 315 |
| 28350 |
| 2620,90 |
| 235800 |
| 76) 400000 (5263 |
| 200 |
| 152 |
| 480 |
| 456 |
| 24 |
| |
| 3563 |
| 76 |
| 21378 |
| 24941 |
| 270788 |
| 4) 5240 (1257∟6. |
| 41666 |
| 10733 |
| 8333 |
| 240 |
| 2083 |
| 317 |
| 2917 |
| 25 |
| 2:: 5240. 3563∟2. |
| |
| 15720 |
| - 873 |
| 14847 |
| 2347 |
| 208333 |
| 26366 |
| 1366 |
| 1,1,66 |
| 65) 9920 (1526 |
| 342 |
| 3250 |
| 170 |
| 130 |
| 40 |
<512v> | Tin in the Queens hands At the beginning of this contract June [224] 1710 | Tunns Av. 2400 |
| Added 800 + 57 | 800 |
| 3200 |
| Left by the Queen at her death | 5200 |
| Increased in 4 years & 38 days | 2000 |
| Received in 4 years 67 60T. stan = 6760 + 483 T:A = 7243 T. Av. | 7243 |
| Sold off in 4 years | 5243 |
| Sold per annum at a medium, 33 ) 41944 ( 1271 | 1271 |
| Will be sold in 2 years 3813 - 159 = 3654 | 3654 |
| Will be received in 3 years - 5520 + 397 = 5917 | 5917 |
| Will be added to the dead stock in three years | 2263 |
| Total dead stock at the end of this contract will be | 7466. |
| |
| |
| Advanced for buying 5520 Tunns St wt in three years | 380880 | } | 40000 |
| For Freight | 5520 |
| For Other expences & accidents | 13600 |
| Interest upon the money advanced at 5 pr cent. | 30000 |
| Total expence | 430000 |
| Received by sale of Tyn in 2 years 277704£, whereof about 210000 is a debt upon Tin. The remainder is | 67704 |
| If 830 Tuns of the dead stock could be sold annually at 44£ per Tun it would produce an annuity of 36250 for 9 years together, which, discounting interest at 5 pr cent would be worth in ready money 259577£. Subduct for the charge of selling & warehouse room & accidents about 4000, & the remainder 255577£ will be the value of the dead stock in ready money at the end of the contract | } | 255577 |
| Total income | 323281 |
| Loss by the contract | 166719 |