325)

Author: Isaac Newton

Source: MINT 19/1/269, National Archives, Kew, Richmond, Surrey, UK

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- Revision History
  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
    - Catalogue exported to teiHeader by Michael Hawkins
  - 25 January 2017
    - Transcribed by Will Scott
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<269r>

To the R^t Hon^ble the Lord Commissioners of his Majesties Treasury.

May it please yo^r Lord^ps

The Act of Coinage being neare expiring We have thought it o^r Duty humbly to |[|lay before yo^r Lord^ps the \present/ state of the Mint with respe in the Tower of London & at Edinburgh with respect to that Act.] represent to yo^r Lord^ps that the moneys leviable by this Act have usually ab {m}|a|mounted to about 10000^li per an in times of peace, & since the last peace have during the tree years ending at Christa|m|as last amounted to which is after the rate of about per an one year with an{illeg}|o|ther at a medium.

That th{illeg} time of war the when the coinage was very small the per

That in the same three years the charge of Coinage has increased every year been very great & encreased every year so as \in/ the last year to amount unto 134876. 18. 5 $\frac{1}{2}$ between Christmas & Christmas & in all the three years to unto {34}|28|454. 13. 1 to which if 1|3|500^l per an allowed for|by| Act of Parliament {illeg} or Salaries & Repairs of buildings \& officers/ in his Maj^ts Mint in the Tower of London & 1200^li per an allowed by {y^e} to his Ma^ts Mint in Scotland &\at Edinburgh & about/ {illeg}|35|0^li per an allowed for prosecuting Clippers & Coyners, be added the whole charge of the two Mints during the last three years will amount unto about 43454^li. 12. 1. w^ch {&}|is| after the rate of {14500} about 14500^li per ann at a medium. And this {illeg} expence is {illeg}|b|igger then then {sic} the Inc annual Income by {illeg}\about/ {illeg}|o|ne half or in the proportion of three to two. And if the char expence continues to be so great as it has been the two last years, {th} it will exceed the income by above 5000^li per an.

This expen{illeg}|c|e has been hitherto supplied out of the stock