Assessment of the poundage due to the Edinburgh master

Author: Isaac Newton

Source: MINT 19/3/148, National Archives, Kew, Richmond, Surrey, UK

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  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
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    - Transcribed by Will Scott
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<148r>

To the most Hon^ble the Lord High Treasurer of great Britain.

May it please yo^r Lord^p

According to yo^r Lord^ps verbal order I humbly lay before yo^r Lord^p the state of the case relating to the allowance to|fo||r| be made to the Master & Worker of\coynage in/ her Maj^ties Mint at Edinburgh for coinage

By the Indenture of her Maj^ties Mint the allowance for coynage is|o|f silver moneys is after the rate of sixteen pence half penny per pound weight Troy

By an Act of Parliament \w^ch was/ made in Scotland A. C. 1686 & expired at y^e union, the allowed for coinage of silver moneys in her Ma^ties Mint at Edinburgh is|w||as| after the rate of 20 livers Scottish per stone weight Scottish, that is after the rate of about seventeen pence halfpenny English per pound weight Troy.|,| |three livers be{illeg}|ing,| \really/ worth \but/ 4^s 6 $\frac{1}{2}$ ^d english|

By an order of Council of Scotland made u{illeg}|p|on the Vnion three livers Scottish w^ch |a|is|re| worth but 4^s 6^d $\frac{1}{2}$ ^d \english/, was|er||e| put equivalent to 5^s English, & this brings the allowance for coinage to 19^d $\frac{1}{11}$ ^d per pound weight Troy.

Quære {illeg} What shall be allowed to the late Master & Worker in his accounts for the \late/ coynage of silver moneys per pound weight Troy

NB There is due to the Master & At an allowance of 19 $\frac{1}{11}$ ^d per pound w^t Troy there will due to y^e M^r & W^r of that mint about 67000 pounds sterling |[|whereof 2446^li. 3^s. 3^d $\frac{1}{2}$ is due to y^e {illeg}|M|oneyers from y^e Master at an allowance of 9^d p^r lw^t Troy for coina{illeg}|g|e:|]| & that there is but about 3000 {illeg} li in the hands of the {M} Collectors in Scotland \&/ for paying off\in the Exchequer/ paying this acc^t.

Note also that\There is/ 2446^li. 3^s. 3^d $\frac{1}{2}$ is due to the Moneyers from y^e Masrter of y^e said Mint, & that untill this debt is discharged the Masters account cannot regularly pass not be sworn to

Not also that y^e Master{t}|T|here is further due to the Moneyers 254^{illeg}|li| |2^s| not yet placed in the Masters account.

<148v>

By an Act of P. for a free co w^ch \was/ made in Scotland A. C. 1686 for a free coynage & expired at the union, the Master & W^r of her Ma^ts Mint at Edinburgh was allowed 20 pounds Scottish {illeg} per stone weight \Scottish/ for coinage \of Silver moneys/ {illeg}|&| 3 pounds scottish was then worth 4^s 6^d $\frac{1}{2}$ english \{illeg}|a|ccording to the intrinsic value of the moneys/ but upon the union was va was valued at 5^s English by the Lords of the Council of Scotland in disposing of the Equivalent.|,| {sic} |{illeg}|And| {illeg} the Act of| /Parliament ceased at y^e union & the Scottish is no longer current.\

By the Indenture of the Mint \in the Tower/ the |[|w^ch the Officers of |t|her Maj^ts Mint of |at| Edinburgh were by her Maj^ties warrant were directed to observe in respect of their seval {sic} Offices, the said {illeg}|]| the Master at her Maj^ts Mint & worker is allowed for coinage of silver moneys after the rate of 16 $\frac{1}{2}$ ^d per pound weight Troy & thisf{illeg} Indenture is ann a coppy of this Indenture examined {illeg}|&| signed by the Officers of the this {a}|i|nt & \was/ annexed to her Maj^ties Warrant wherein her Ma^ty commands|e||d| the Officers of her Maj^ties Mint in Scotland to observe the same w^th respect to y^e sev their several Offices that the constitution of both Mints might be alike ac{illeg}|co|ding {sic} to the intent of the Act of union.

Quare. Whether is the Masters \to be/ allowan|ed|ce p^r lw^t Troy \for coinage of silver moneys/ 20 pounds Scottish per stone weight Scottish or {illeg}|16| $\frac{1}{2}$ ^d per pound weight Troy.

A {li} pound Scottish was worth 1^s 6 $\frac{1}{6}$ ^d {illeg} \eighteen pence & the sixt part of a penny/ English before the union & at the Vnion was valued by the at 20 1^s 8^d\twenty pence/ English by the Lords of y^e Council of Scotland in disposing of y^e equivalent. And a stone weight Scottish conteins 16 pounds Scottish each of 16 ounces scottish in y^e pound

By an Act of P. w^ch was made in Scotland A. C 1686 for a free coynage & expired\ceased/ at the union, the M^r & W^r of her Maj^ts Mint at Edinburgh \& this allowance amounts to 17 $\frac{3}{8}$ ^d per lw^t Troy & by the valuation of the Council of Scotland/ was allowed 20 pounds Sc{illeg}|o|tish {sic} per Stone weight Scottish &|f|or coinage of silver moneys & {illeg} & the Scottish money is now \also/ \is also/ ceased|.| at the recoinage.

By the Indenture of the Mint in the Tower the Master & W^r is allowed for coinage of silver moneys after the rate of 1^s 4 $\frac{1}{2}$ ^d per poudn weight Troy & \& {sic} for conforming the Scottish Mint to \the english/ pursuant to the Act of union/ was anne\x/{illeg}|d| to her Majesties Warrant whereby her Maj^ty commanded the Officers of her Mint at Edinburgh to observe the same with respect to their several Offices /& the words of the Warrant\ |The words of the Indenture < insertion from f 149r > are < text from f 148v resumes > |

Q. 1. Whether is the Master of y^e Mint ad|t| Edinburgh to be allowed for \the {late}/ coynage of the late silver moneys after the rate of 16 $\frac{1}{2}$ ^d p^r pound weight Troy or 20 pounds Scottish p^r stone w^t scottish, or 16 $\frac{1}{2}$ ^d english p^r pound weight Troy

Q. 2. What \And if the first then what are {illeg}/ /What are\ 20 pounds Scottish {illeg} to be valued at in English money? Whether at 18 $\frac{1}{6}$ pence |30^s. 3^d{ $\frac{1}{2}$ }| $\frac{1}{3}$ || English {illeg} w^ch was their just value before the union while the said Sco{illeg}|tt|{illeg}\ish/ Act was in forcce, o{illeg}|r| at 20 pence\33^s 4^d/ English as the Lords of y^e Council of Scotland valued them in {illeg}|d|isposing of the Equivalent. |In the first case the allowance \per lw^t Troy/ will about to 17 $\frac{3}{8}$ ^d \pence in the < insertion from f 149r > 2^d to 19 $\frac{1}{11}$ ^d|p|ence < text from f 148v resumes > / p^r lw^t| /Troy\, {sic} in y^e second to 19 $\frac{1}{11}$ ^d per pound Troy

Twenty pounds scottish six stone weight Scottish is after the rate of

If a pound Scottish be valued at 18 $\frac{1}{6}$ ^d \20/ pence English, then 20 pounds |Scottish| per stone weight Scottish is after the rate of 17|9| $\frac{3}{8}$ | $\frac{1}{11}$ | pence per pound w^t Troy If at {illeg}|18| $\frac{1}{6}$ pence, then 20 pounds Scottish per stone w^t scottish is after the rate of 17 $\frac{3}{8}$ ^d pence per pound weight Troy.

By the Indenture of the Mint

T {sic}