'An Acc^t of y^e cost & charges of sending Tynn to Amsterdam & selling it there by commission.'

Author: Isaac Newton

Source: MINT 19/3/498-9, 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
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    - Transcribed by Will Scott
  - 22 May 2017
    - Inexplicable (& unforgivable) gaps in tables completed by Will Scott
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<498r>

An Acc^t of the cost & charges of sending Tynn to Amsterdam & selling it there upo Commission.

		li	s	d
First cost per C Averdupois		3.	16	0
Customes		0.	3.	0
Cocquets, boat hire, searchers fees, wharfage &c about		0.	0.	6
Insurance at least 1 per cent		0.	0.	9
	Total	4.	0.	3

Thi{illeg}|s| summ, after the rate of 110 $\frac{3}{4}$ pounds Averdupois to the Dutch weight, & 10 Gilders 12 Stivers to 20^s sterling, comes to 42 Gilders per 100 Dutch weight.

				Gild.	stiv.
Total cost & charges paid in per 100 paid in London				42.	0
Paid in Holland, Customes	\|} The Queen paid ony {sic}\|	\|10\|		0.	12
$\frac{1}{3}$ Additional duty	\|} The Queen paid ony {sic}\|	3 $\frac{1}{3}$		0.	4
Valuation & premium 2 p^r cent. NB. The valuation is {neare} apt to be under the first cost then to exceed it & may amount to \to 12/ 14 16 or 17^st p^r cent \100/ \bring this duty to 8 12 or 16 s^t p^r 100/. \The Queen paid 12 $\frac{1}{2}$ st for the tyn in H./			}	0.	16 $\frac{1}{2}$ /12 $\frac{1}{2}$ \
Cocquets & C{illeg}\|us\|tome-house fees about 25 or 30 styvers per parcel			}	0.	0 $\frac{1}{2}$
Freight (as in M^r Drummonds Acc^t) 10 styvers per block. Averidge 3 styvers per Gilder, or 1 $\frac{1}{2}$ styver per block. Boathire & lighterage for unlading 2 styvers p^r block. Porterage & housing 2 styvers p^r block. In all 15 $\frac{1}{2}$ stiv^rs per block w^ch is about 4 $\frac{1}{4}$ styvers p^r 100			}	0.	5 $\frac{1}{4}$
Total cha{illeg}\|ge\| of buying exporting & housing				43./43.\	1{illeg}\|{7}\| $\frac{3}{4}$ /14 $\frac{1}{4}$ \

By the Rule of false Position let the price in selling be put 45 Gilders per 100 Dutch weight & the charges of selling will be as follows.

\|5 $\frac{3}{8}$ {\|	Carriage to the City weigh-house & weighing for sale	0.	1 $\frac{1}{2}$
\|5 $\frac{3}{8}$ {\|	City Duties half per cent \|for Weighing\|	0.	4 $\frac{1}{2}$
	Prompt paym^t 1 p^r cent	0.	9
	Insurance of the paym^ts 1 p^r c{illeg}\|e\|nt	0.	9
	Returns of the money	0.	5
		45.	{6\|7\|}\|3\| $\frac{1}{4}$
	Commission 1 p^r cent	0.	9
	{Porte}\|Broke\|rage	0.	2\|3\|
	Ware-house room	0.	2
	Interest for two months forbearance	0.	6
		46.	\|3\|{illeg} $\frac{1}{4}$

<498v>

Observations upon the Foregoing Acc^t.\Considerations//Further Considerations.\

|1.| The Pewterers in London factor upon trust for their correspondents in Holland & some other places, in small parcels of 10 20 30 or 40 blocks in a parcel & find it no {sic} very difficult matter to meet with ships w^ch want convenient ballast, & the people for whom they factor commonly act for themselves in their houses shops & ware houses without the charges o{r}|f| Commission & Brokerage; & making three or four returns in a year content themselves with a small profit of one or two per cent in each return, & chuse rather to ris it then be at the charges of Ensuring. And the Pewterers sorting the Tin, make a profit of the grain Tynn into Holland, not finding their account in selling it there by commission.

|2.| By the above written Account it should be almost equall to a Merchant of Amsterdam to give 3^li 1{illeg}|6|^s per C Averdupois at London, or 43 Gilders 18 stivers per 100 Dutch weight at Amsterdam; \{t}/ paying in ready money & her Ma^ty bearing the extraordinary charges of her Office & Warehouse room at Amsterdam, & of the city weigh-house. I say almost equal, because the Merchant would desire to save the f{l}reight & chuse to ris it, especially in times of peace.

|×| |3| Considerable quantities of Tynn are sent hence to Roterdam & Bruges, & unless something be allowed for the charges of getting it thither from Amsterdam, they will still have {it} it from London.

|×| |4.| In the Tower the buyer takes the Tyn as it comes to hand without culling. In Holland the buyer is allowed to c{illeg}|u|ll. And this makes the Tin of more value & readier sale before culling then afterward.

|5| When M^r Drummond first proposed to sell Tynn by Commission for her Ma^ty, he represented that the price had then been from 45 to 47 Gilders. The late L^d Treasurer put the price at 44 $\frac{1}{2}$ & M^r Dr{illeg}|u|mmond by that price had the whole trade of Holland. Might he not at 45 have had almost the whole trade,|&| at 46 half the trade|,|,|&| at 47 have sold a little?\some/ of the best Tin?

<499r>

|{3}|2|.| By the above written Acc^t the Merchant can have Tynn housed at Amsterdam for 43^G 1{illeg}|1|^st $\frac{3}{4}$ besides 25| $\frac{1}{2}$ |^st charges of returning the money. And this puts the price at 44 Gi{illeg}|l|d. 3 stivers\0 $\frac{1}{4}$ st/ in ready money. Add for prompt payment, ensurance of paym^ts & two months interest, 1 Gild^r 4^st. & the price at Amsterdam will be 45^G 5|4| $\frac{3}{4}$ ^st. But the {illeg}|m|erchant would chuse rather to buy at London then pay Freight & Averidge, & to ris it at {illeg}|s|ea then allow 1 per cent insurnace, especially in times of peace.

|{4}|3|| Considerable quantities of Tynn are sent hence to Roterdam & Bruges, & unless something be allowed for the charges of getting it thither from Amsterdam, they will still have it from London.

<499v>

Ensuring\To ensure hazzards/ at sea & in {illeg}|r|eturning the payments {t}|w|ould carry away too much of the profit of the traders. The Pewterers make an advantage by culling out the grain Tin. \They usually save the freight by finding ships that want ballast/ What they reccon to their correspondent for factoring I cannot yet learn not {illeg} what methods they have of returning\getting/ the price of Tin|in| returned & at what charge. {illeg}|B|ut if all these things taken together be recconed at about a Gilder, the whole charge of housing Tin at Amsterdam will amout {sic} to about 45 Gilders.

Octob. 1712. Proxime

Proxime Is. Newton

'An Acct of ye cost & charges of sending Tynn to Amsterdam & selling it there by commission.'

'An Acc^t of y^e cost & charges of sending Tynn to Amsterdam & selling it there by commission.'