<195r>

To the Rt Honble the Earl of Oxford & Earl Mortimer, Lord High Treasurer of great Britain

Vpon the annexed Proposal shewed me by Sr Lambert Blackwel by yor Lordps Order for setling the \real/ value of Mexico Dollars to be received at Port Mahon: I humbly represent that these Dollars are worth 11oz. 1dwt fine|a penny wt worse than sterling| & weigh 17$\frac{1}{2}$dwt one wth another when fresh out of the Mint & are then worth 4s 6d a piece in their intrinsic value, & if a grain or\about/ two \grains/ be abated for \the/ wearing of some of them they will be worth about 4s 5$\frac{3}{4}$d a piece. In this valuation Sr Lambert agrees wth me\very nearly/: for he tells me that {illeg}|1|000 Dollars of this sort are found by Merchants to weigh 872 ounces Troy, within an ounce or two over or under, (& at this rate a Dollar weighs 17dwt 10{illeg}gr at a Medium)

[Sevil Dollars (old plate) were worth 4s 6d a piece when fresh out of the Mint, {{illeg}|b|}ut are now much diminished by wearing, & Sevil Dollars new plate are of a lighter species being worth but 3s 7d or 3s 7d$\frac{1}{4}$ a piece. The Pillar pieces of eight are finer but more worn then the Mexico, & but few in number, the Peru pieces are coarser & most worn & diminished.

After the Mexico Dollars are told out of the baggs they may be weighed by a thousand at a draught for ascertaining their value more exactly & an {account} account may be taken of them by persons deputed on both sides, & the{illeg} weights by wch they are weighed may be compared exactly wth our weights Troy by the same persons.

[If an eaven number of Dollars suppose eight or nine hundred thousand be borrowed] The interest at 5 per cent may be recconed also in dollars & both interest & principal paid either in Dollars or in bullion [at such a rate as shall be agreed upon]. And I further humbly represent that Spanish Dollars are valued in London as bullion, that is a If these Dollars should be brought to London they m{{illeg}|a|}y be weighed at the Mint & received as bullion 1dwt worse then standard or if they are received by tale at Port Mahon they may be valued at 4s