172)

Author: Isaac Newton

Source: MINT 19/2/162, 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
    - Catalogue exported to teiHeader by Michael Hawkins
  - 24 August 2016
    - Transcribed by Will Scott
  - 23 September 2016
    - Will Scott finished transcription
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<162r>

Gentlemen,

I have reexamined the paper I left in your hands last week concerning her Majestys allowance to her forces at Dunkirk per 20^s sterling, & send it to you under my hand.

The three Guilder piece of Holland new out of the Mint is worth in new English silver money at a medium 5^s 2^d $\frac{3}{4}$ . And thence 20^s in new English silver money is intrinsically worth in new Dutch silver money at a medium 11 Guilders 9 ^stivers 5 $\frac{3}{4}$ deniers . But 20^s English have of late passed in Holland for ten Guilders & 9 or 10 styvers, or at a medium, for ten Guilders & 9 $\frac{1}{2}$ styvers. And by consequence the loss by the exchange was about one Guilder. Of this loss her Majesty allowed the forces in Flanders 5 $\frac{1}{2}$ styvers & the forces lost about 14 $\frac{1}{2}$ styvers. Her Majestys allowance was after the rate of 2 $\frac{2}{5}$ per cent & the loss of the forces after the rate of 6 $\frac{1}{3}$ per cent.

The French crown new species fresh out of the Mint is worth in new English silver 5^s 1^d. And thence 20^s English are worth in French silver money new species 19^Livres 13^sous 5_∟3 deniers, at a medium But 20^s English silver money pass at Dunkirk for 17^s. 00. 00. And by consequence the loss by the exchange is 2^livres. 13^sous. 5_∟3^den And this loss being divided between her Majesty & the forces at Dunkirk in the same proportion as before in Flanders: her Majestys allowance will come to 14 $\frac{7}{10}$ livres, or in the next round number to 15 sous, which is after the rate of 3 $\frac{4}{5}$ per cent And the forces at Dunkirk will beare the loss of 1^liver 18^sous 5_∟3 deniers which is after the rate of 9 $\frac{3}{4}$ per cent.

According to the proportion therefore allowed in Flanders her Majestys allowance to the forces at Dunkirk for 20^s will amount 17 livres, 15 sous reconning a crown piece new species of France at 5 livres. But her Majesty may vary the proportion at pleasure.