Memorandum on the royal tin trade

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|1.| If her Maj^ts t|T|inn continue to be sold after the rate of 76^li per Tunn, her Maj^ty will be a great run \above/ 3|t|hirty or forty thousand pounds intoo debt years {till} till the term of the bargain be expired, & after all the Tin is sold off be a great loser by y^e bargain.

|2| The raising of the price will not much abate the consumption & notwithstanding such abatement will bring in more money annually then comes in by the present price.

|4|5|| It will be three years before the Dutch can have Tinn f{illeg}|r|om India & after that {illeg}|th|ey will have but two years more to prejudice her Maj^ties bargain.

|4|3|| The higher the price the more it |is| for her Maj^ts advantage & \for/ the advantage of the nation provided p|t|he price be not immoderate.

|5|4|{\w/ /w\}| the Farmers of Tin have formerly sold it at 6^li ꝑ^r Hundred & if it therefore we beleive {sic} it may be reasonably set at 5^li 5^s {illeg}|a|s in the Proposall & if it should be set at 5^li 10^s or 6^li p^r hundred {illeg}|a|s formerly, we should not think the price immoderate. |And we are humbly of opinion that y^e price be raised at once.|

|5|6|| It will be three years before the Dutch can have Tinn from India & after that they will have but two years {illeg}|more| to prejudice her Maj^ts bargain. And that prejudice may be {illeg} prevented or at least diminished by impr|l|oying \some/ East-India Merchants to buy at Malacia \one after another/ {illeg}|a| few Tons of India Tinn at {a} price|s| above the Market {illeg} & at y^e same time to let the Indians know that Tinn \foor one or two {illeg} years or two/ \to raise the price of Tin in India by such methods as they are {illeg}|acq|uanted w^th & to lower the price of that tin in Europe./ is grown very dear in Europe. For by these means they {illeg}|m|ay raise the price \{illeg}/ of Tinn \will be raised there by steps/ s{illeg}|o| that y^e Dutch shall \be able to/ make little or no advantage by \buying/ it.

|7| And it up it be declared here that {illeg} tin

|6 7| If \upon raising the price of her Maj^ts Tin/ it be declared here tha{illeg}|t| no Tin shall be sold \under that price/ during the next three years, udner the price to w^ch it is raised the merchants will hav{illeg}|e|{y} time to dispose of what they buy {illeg} at {fir} \& thereby/ bee incoured {sic} to buy\the merchants \here/ will venture to buy at that price be incouraged to buy |because they will| |have time to sell before|without abating of their price the price abates/ & the Dutch \{illeg}/ will be discouraged not venture to buy much {illeg} Indian {last} {no}\Tin/ because they know not what price |th{illeg}|at|| Tinn will bear after the three years are expired. hence when they bring it home.

|675| For quick{illeg}|n|ing the sale of the Tinn \the block/the {sic}\/ it may be sold 5^s \4 or 5^s p^r hundred/ cheaper upon y^e wharf then in the Tower|,| {Wharf} |to them who for every three \two or three/ Tins of blocks will take of| /one Ton of small barrs at y^e same price w^th the blocks in y^e Tower\

{illeg}|8| If the price of Tin should be raised at p^rsent w^th a declaration that after a month or two it shall not be sold during the space of three years under such a higher price as shall be named, this would might quickly carry off what Tin is now in the Tower, but |[|afterwards the sale would stop till that w^ch is alread {sic} sold be consumed & therefore|]| we {illeg}|b|eleive {sic} it more for her Maj^ts advan{illeg}|t|age to raise the price at once & the small barrs

|7|8|| And for \further/ preventing any prejudice from the {illeg} importation of the Indian |[|Tin |[|the Dutch East Indian comparing may be] her Maj^ts Envoy in Holland \or some other fit person/ may propose to y^e \Dutch/ East India company {illeg}|th|at if they will\that if they {illeg}|w|ill/ covenant w^th her Maj^ty that they shall bring over no more Tinn \during her Ma^ts contract/ annually\then/ they used to do (suppose\w^ch is about about/ 20 Tunn annualy {sic}) {illeg}her Maj^ty will {illeg} quietly permit they shall may make their advantage of it by raising the price thereof proportional to y^e price of her Majesties Tin w^thout any molestat impediment from her Maj^ts subjet|c|ts, otherwise not: & the English East India company may be treated with to raise the price of {illeg} Tinn in the Indies if the Dutch {E} company do not by such me{illeg}|th|ods as they are acquainted with in case the Dutch company do not {illeg} enter into y^e said contract or do afterwards break it

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Tin exported in time of pea{illeg}|c|e {illeg}\1274/ Tuns p^r ann by a medium of y^e 5|4|$\frac{1}{4}$ years between the two ways.

Tin exported in the last year of the first war {illeg} 9{illeg}|4|70$\frac{1}{2}$

Tin expot|r|ted in the first year of this war 9219$\frac{1}{2}$.