Account of the state of the tin in mortgage

Author: Isaac Newton

Source: T 1/136.38, National Archives, Kew, Richmond, Surrey, UK

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<38r>

To the Most Hon^ble: the Earle of Oxford
and Earle Mortimer Lord High Treasurer of Great Britain

May it please yo^r: Lord^p.

In obedience to your Lordships direction to lay a State before your Lo^p. of the several parcells of Tin that are now under Mortgage, the persons to whome, the places where, for what Terms, and upon what Conditions, w^th the Charge of keeping the said Tin: We humbly represent to your Lord^p. that upon a Loan of 100000^li. made Iuly the 1^st. 1710; 1600 Tunns of Tin were mortgaged to M^r. Moses Berenger and sent into Holland at her Ma^ties. Charge, That upon a Loan of 10000^li. 1^st. Iuly 1710. 160 Tunns of Tinn were mortgaged to S^r. Theodore Ianssen and remain still in y^e Mint under the key of the Storekeeper, That upon a Loan first of 40000^li. 1^st. of September 1710. and then of 20000^li. more 4^th. October. following, 960 Tuns of Tinn Were Mortgaged to S^r. Iohn Lambert, M^r. Edward Gibbon, and M^r. Francis Stratford and sent to Hamburgh at her Ma^ties. Charge.

That these several summs were Lent at y^e Interest of 6 per cent & that y^e Charges of Warehouse room Commission or reward in Holland and at Hamburgh are paid out of this Interest without any further Charge to her Ma^ty.

That M^r. Berenger is to be paid 30000^li'. at Christmas next 30000^L. more at Lady day next and 40000^li. more at Midsummer next. S^r Theodore Ianssen is to be paid his 10000^li. at Christmas next, and S^r. Iohn Lambert and partners 40000^li. at Christmas 1712. and 20000^li. at Christmas 1713. and upon these payments the said parties are to return to her Majesty the said Tin mortgaged in proportion to the sum̄es paid to them, y^t is for every 10000^li. the quantity of 160 Tunns of Tinn, and in default of payment the said several partyes are allowed to sell and dispose of her Maj^ties Tinn at the best Market price that can be gotten in such proportions as shall be sufficient to make good the repayment of the Principall and Interest, they y^e s^d. severall parties being answerable to her Maj^ty. for the overplus; But we do not find that they have yet begun to sell any of the s^d. Tinn.

All which is most humbly submitted

to yo^r. Lordships great Wisdom

^[1]

Cra: Peyton

Is. Newton

<151v>

Off^rs: {of the} Mint state of the Tin mortgage

^[1] Mint Office the 20^th Aug^st
1711