Catalogue Entry: MINT00140

Request for an increase in Mint funding.

Author: Isaac Newton

Source: Mint 19/I.325, National Archives, Kew, Richmond, Surrey, UK

[Normalized Text] [Diplomatic Text]

Contents

In the three years 1713-15, Mint income lagged seriously behind expenditure. Coinage has increased since peace, and if the increase continues the deficit will rise to £5,000 or £6,000 p.a. The deficit has hitherto been financed from surpluses amassed during the war when little money was coined, but the remaining surplus is now under £1,000. In renewing the Coinage Act, which is about to expire, the Commons should be encouraged to increase coinage duty by 50% (from 10s. to 15s. a ton on wine and from 20s. to 30s. a ton on brandy).

Notes

Signed by [warden] Richard Sandford.

Variant draft of PRO, Mint 1/7, p. 71 (of the same date, unsigned and printed in NC, 6: 276-7).

[1] Mint Office 9 Feb. 1715

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