<192r>

800000 \pieces of 8/ at 5 per cent comes to 40000 Piastres per ann. To be {re}paid in the same species.

Eight \or nine/ hundred thousand Mexico Dollars to be delivered at Port Mahon by tale & weight at Port & an acct to be taken by person deputed on both sides. The weight to be taken only of the whole. Interest to be allowed at the rate of five Dollars pr cent, {illeg}|o|r 40000 Dollars per an to be paid half yearly. And the principall money to be repaid in Dollars of the same \number/ species & weight at Genoa at ye end of two years. The interest & principal to be paid in Mexico of th Dollars, of in \so much/ other money or bullion wch at Genoa shall be of the same |{|value to ye Merchant wth so many Mexico Dollars./intrinsic value wth an allow or standard weight, recconing\ |Mexico Dollars 1dwt wors{illeg}|e| {illeg}|i|n finenes then sterling money. And an Quære what allowanc|

8 or 9 \hundred/ thousand Mexico Dollars to be borrowed for two years at 5 pr cent per an {illeg} {illeg}to be paid half yearly in like Dollars The interest & principal to be paid back in like dollars or other silver \in bullion/ \other silver/ of the same value.|,| |& the interest to be paid half yearly.|

Spanish pieces of 88\These Dollars/ {illeg}|a|re valued {illeg}in England & Holland as Bullion & pass among the merchants by weight, & are 1dwt worse then standard. If they can be weighed by Troy weights {illeg} (as they may be here if they should come for England) they may be received by such weight as bullion 1dwt worse then standar our standard.

But if they cannot conveniently be weight they may be \told &/ received by {illeg}\as bullion by/ recconing every thousand \Dollers/ to weigh{t} 872 ounces Troy, provided they be not {cu} have not been culled since they came from the west-Indies. For they are found by Merchants to be of this weight within an ounce or two over or under when they first come to Europe.

NB. At this rate {illeg}|a| piece of 88 is worth weighs 17dwt44 or 17dwt 10gr1425

Mexico pieces of eight fresh out of the Mint weig are recconed \by Refiners/ to weigh 17dwt12 one wth another at {illeg}|\a/| {illeg}|m|edium. And I have seen a {parcel} \{illeg}|an| {Refiners} Refiners/ account of six\seven/ or {illeg}|e|ight parcels {told} {illeg} of {illeg}|12|00 in a parcel told, out \& weighed/ {to} the melting pot & a Refiner, {illeg}\each/ wch came to 87lwt {illeg}|06|oz each of wch \parcels/\each of wch conteined 1200 Dollars/ \&/ weight 87lwt 6{illeg}|oz| {illeg}|w|ithout erring above an ounce over or under\in the whole weight/\some of them exacted others without/\./ At this rate a tho{illeg}|u|sand Dollars will weigh {illeg}875 ounces Troy. And if the Dollars at Port Maho{illeg}|a| are \all of them/ perfectly unworn they may be received by this weight. But if they are a mixture of Dollars worn & unworn they may (for Merchants receive them {in} the west Indies\|in America| not of the Mint master/ |but| of the people for {their merchants}{illeg}\in America wth whom they trade)/ they may be received received\taken received here/ at the weight of 872 \ounces/ per thousand\Dollars/{.}: three ounces in the weight of every thousand Dollars being abated for the wearing. For {illeg} Merchants find this to be their weight as they come from the West Indies. |Those that are unworn & fresh out of the Mint may be known by their glossy colour & the sharpness of their lines & edges.|

Pillar \{illeg}/ pieces are finer then the Mexico {illeg}|bu|t `\by about 6{oz} in the pound weight {illeg}/ scarce so weighty. Refiners reccon them of about the same value Seven pieces are\with the Mexico/ by weight & fines together The \They are but few in number/ Sevil pieces are all worn there having {bee}n none of {illeg}|t|hem coined since the year 1686. Peru pieces are still worse.

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Professor Rob Iliffe
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Scott Mandelbrote,
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Faculty of History, George Street, Oxford, OX1 2RL - newtonproject@history.ox.ac.uk

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