Memorandum concerning Scottish poundage
To the most Honble the Earl of Godolphin Lord High Treasurer of great Britain.
May it please yor Lordp
According to yor Lordps verbal Order I humbly lay before your Lordship the state {illeg}|o|f the Question about the allowance to be made in the accounts of Mr Allardes for the late coinage of silver moneys at Edinburgh
By the Indenture of the Mint in the Tower the Master & Worker is allowed sixteen pence half penny upon the pound weight Troy for the coinage of silver moneys. The words of the Indenture are hereunto annexed
By her Maties Warrant of 20 Iune 1707 \for putting the Act of Vnion in execution/, the Officers of her Maties Mint at Edinburgh were directed to observe the rules of coinage set down in the said Indenture with respect to their several offices: But I do not remember that any alteration in the allowance for coinage or in the salaries was then under consideration. The words of the Warrant are hereunto annexed.
By an Act of Parliament made in Scotland A.C. 1690 the Master of that Mint was allowed twenty pounds Scots upon the stone weight {illeg}|S|ots {sic} for coinage of silver moneys, & this allowance was in use till the union. The words of the Act are hereunto annexed. Three pounds Scots are worth four shillings sixpence half penny at the English at their just value. But the nation of Scotland valued thirteen shillings Scots at twelve pence English before the union whil{illeg}|e| the said Act of Parliament was in force, & at thirteen pence English in distributing the Equivalent. In the first case t|T|he allowance for coynage comes \upo the pound weight Troy comes in the first case/ to almost seventeen pence half penny \upon the pound weight Troy/, in the second to something more then seventeen pence half penny, in third to something more then nineteen pence, upon the pound weight Troy. |There hath been coined 104227lwt. 10oz. Troy, & the whole allowance \☉/| ☉ There hath been coyned 103346 104227lwt 10oz Troy, & the whole allowance {sic} for the coinage thereof comes in the first case to 755|3|3. 13. 2 in the second to 7655. 18. 10, in the third to 8293. 18. 9, & by the Indenture of the Mint it comes only to 7165. 12. 3. And for paying all t{illeg}|he| accts relating to that coin{illeg}|a|ge, there is in the funds {illeg}|a| deficiency of about two or three th{illeg}|o|usand pounds.
The question is, what shall be allowed in the Accts of Mr Allardes upon {sic} the pound weight Troy for the said coinage. {sic}
< text from f 17r resumes >The question is, what shall be allowed in the Accounts of Mr Allardes upon the pound weight Troy \in the whole/ for the \late/ coinage of silver moneys.
Which is most humbly submitted {to} your
Lordships great wisdome
Is. Newton
