To the Right Honourable the Lords Commissioners of his Majesties Treasury.

May it please Your Lordships

In obedience to your Lordships Commands I have perused the Proposals of Mr Peter Floyer & Mr Charles Shales for receiving the hammered money & delivering the full weight thereof in standard silver into the Mints deducting only for a recompence eight grains out of every ounce Troy, which is 12d12 12 farthing in every pound weight. I have also perused Mr Hall's consideration upon the said Proposalls wherein he lays before your Lordships what in his opinion the charges of performing that service may amount to upon the pound weight, vizt

For the first melting34
For the wast in melting 2 the sweep being estimated at a farthing.
For the loss by the worsness 234
For refining 12 12 farthing.
For incidents 12
In the whole 612 & 12 farthing.

This allowance I conceive to be sufficient. And I most humbly propose that the Gentlemen may further deserve for their care trouble & hazzard in so great an undertaking one penny upon every pound weight: which makes the whole allowance upon every pound weight to be 7d12 & 12 farthing.

All which is most humbly submitted

to your Lordships great wisdome.


Is. {Newton}

[1] Mint Office Feb. 22

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