Memorandum on the Edinburgh Mint

Author: Isaac Newton

Source: T 1/235.47, National Archives, Kew, Richmond, Surrey, UK

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Related Texts
- This document is a reply to:
  Treasury referral of Lauderdale's memorial concerning Mint funds [T 1/235.179v]

<177r>

To the R^t Hon^ble the Lords Comm^rs of his Maj^ties Treasury.

May it please yo^r Lord^ps

In obedience to yo^r. Lord^ps order of Reference of 11 October {clippt} uponn the Memorial of the R^t Hon^ble the Earle of Lauderdale General of his Ma^ts Mint in Scotland I humbly represent that his Lord^p by the last renewal of the coinage Act, hath been Treasurer of the said Mint ever since the first of March 1714, & hath received out of the Coinage Duty by an Order of the Treasury dated 6 Aug 1717 the summ of 1200^li, & by another Order of the Treasury dated 13 Feb. 171 $\frac{8}{9}$ the summ of 2115^li, & by another Order dated 20 Iune 1720 the summ of 2100^li: in all the summ of 5415^li. By his Ma^ts Warrant dated 17 Novem. 1718 he was to pay the slaries & other charges of that Mint commencing at Christmas 1714. The salaries are annually as follows: viz^t to the General 300^li: in all 930^li. The charges of Coinage & keeping the coining Tools in repair are paid by the pound weight of the moneys coind, & there has been no coinage. The charges of keeping the Offices in repair & the dwelling houses wind & watertyte may amount to about 80 or 100^li per an. And this charge added to the salaries makes the annual charge of that Mint about 1020. At w^ch rate the charges of that Mint from Christmas 1714 to Michaelmas 1721 will amount unto about 6885^li, whereof 5415^li is already imprest. I do not find that the moneys already imprest to his Lord^p or any part thereof are yet accounted for: but I hear that his Lord^p is ready to make up the account.

All which is most humbly submitted to yo^r Lord^ps great wisdome.

Mint Officer. Octob, 20.
1721.

Is. Newton.