124-5)

Author: Isaac Newton

Source: MINT 19/2/106, 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
  - 23 March 2017
    - Transcribed by Will Scott
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<106r>

And it has not {illeg}|r|aised it since to more the {illeg}|4|. {illeg}|0|. {illeg}|6| p^r Guinea /& then it raised silver in proportion, & at d|t|hat rate Gold continued only five or six weeks then it fell down. {illeg}\{illeg} the {sic}/ the gold mint or price & has ever since continued below it.\

And therefore the taking 6 from the Guinea has had little or no effect price of gold for exportation has been raised by other cau{illeg}|s|es then the taking six pence from the Guinea. And as for the price of silver the for exportation, it hath been much the same this year as in former years with respect to y^e coarse {illeg}|of| Exchang{illeg}|e|, & the {illeg} going out of East India ships.

— & some Gold has been sent to the Mints in France.

— to the Mint again, there {illeg}|h|aving come to the Mint above 7{illeg}|5| thousand pounds {illeg}|i|n gold to the Mint {since}\since/ the Exchange was at 34. 11. And tat hence I is within a fortnight. And hence I.

but it never raised it to more then 4^{s|l|}. |0.| 6^d p^r oz & nor kept it long at that price. For in March last \forreign/ Gold fell down below the old Mint price & hath ever{illeg} since continued below it.|,| And being at 3. 19. 5 & for the most part at 3^li. 19^s & under. And therefore the taking six pence from y^e Guinea hath \not/ raid|s|ed the prid|c|e of forreign Gold for ex{illeg}|p|ortation, & the old Mint price \of Gold/ was too high, {&} it having been almost all this year above y^e price of forreign gold {illeg}|f|or exportation to forreign markets.

in 5. Forreigners who are paid here in Guineas will lose above 3^d per Guinea by exportion the|m| moneys besides the danger, they run they {illeg}|r|un by breaking the Law.

And if any guineas have been ex{illeg}|p|orted, a much greater number have been coined.

Obs. 6. There ha{ve}|th| been above 110000^li coined since C{h}|o|ined \imported in Gold to be coined/ since Christmas. And the 6^d per Guinea saved in {illeg} all this coinage will recompence abundantly the loss of 6^d per Guinea \in all the Guineas/ im|ex|ported /in the same time\ by forreigners|.| since Christmas. And the And therefore {illeg}|t|here is nothing in the objection that in making payments in Guineas to {illeg}|f|orreigner we shall lose {illeg}|6|^d per Guinea. For we get the six pence again in \receiving/ all \the Guineas/ w^ch they do not export.

— depends upon its price in forreign ma{illeg}|rke|ts, &

<106v>

SIR

BY Order of the Commissioners for Relieving Poor Proselytes, the Account of their Proceedings last Year is herewith sent to you, that you may be satisfy'd how your Bounty is apply'd: And if any more Copies may be acceptable to you, or your Friends, for Exciting that Charity which has been already encouraged by your Example; you may command them whenever you please of Mr. Chamberlayne, in Petty-France, Westminster; or of,

SIR,

You most Humble Servant

Middle-Temple
May 1718.

Henry Newman