Memorial concerning tin coined in the summer of 1716

Author: Isaac Newton

Source: T 1/208.12, National Archives, Kew, Richmond, Surrey, UK

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<63r>

To the Right Hon^ble: The Lords Comissioners of His Maj^ties. Treasury

May it Please your Lordships

The Tin Contract being determined the 1^st. of Iune last, We are informed that the Tin Coyned last Midsummer exceeds 500 Tuns.

A small quantity of it being already brought to Town has been sold at 3^li. 10^s. per hundred to the Russia Merchants, some other quantitys are to be shipped off in Cornwall for Holland and the Streights at a Cheaper rate, and when two Ships more loaden with Tin arrive at London to be sold We are credibly informed it will be offered at 3^li. 5^s.

As there is a prospect that a pretty good quantity will be transported both to Turkey and Italy before the winter comes on, We have thought it our duty humbly to represent to yo^r. Lordships that unless there be a discretionary power appointed to sell what remains in our hands at the market price, and to make such Contracts both with the Merchants and Pewterers as {illeg} shall \be/ Iudge|d| to be most advantageous, the great stock in our hands is like to remaine unsold.

Which is humbly submitted to your

Lordships great Wisdom

Rich Sandford

Is. Newton

Mint Office
31^th. Iuly. 1717

<63v>

Mem^ll of S^r Rich^d Sanford & S^r Isa{illeg}|a|c Newton.

31^st Iuly 1717

To be further considerd

Mint.