Estimates the lowest possible cost of coining farthings as 1s.9 1/2 d. per pound weight. He and another mill owner, Essington, are considering putting in a joint tender

Author: Charles Parry

Source: MINT 19/2/325, 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
  - 29 August 2016
    - Transcribed by Will Scott
  - 23 September 2016
    - Will Scott finished transcription
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<325r> ^[1]

Sir

Having some business which will unavoidably keep me in the Country for three weeks, & fearing some progress may be made towards coining of Farthings in that time; I give you the trouble of this to inform you, that since I was in London I have been considering of the lowest rate they can possibly be hammer'd at, which is 21^d $\frac{1}{2}$ to the pound, & which rate I compute as follows viz

For the Fillets – –	0. 1. 4 $\frac{1}{2}$
& To the Tower––––––	4
To a Comptroler – –	$\frac{1}{4}$
& for vending & distributing – – – –	$\frac{3}{4}$
	1. 9 $\frac{1}{2}$

This last article will certainly be a very expensive one, for let us manage what we can, we must have a house to lodge them in, as well as a Teller or two to pay them to such as come to demand them. As forthe coinage being free I am of opinion you will find abundance of inconveniencies therein, (too long to set forth herein) whereas on the contrary I hope you will be of opinion that a contract, so limited & restrain'd as we propose it may, will be subject to none. And I am sure in respect to the publick it will be the same thing when the price is once fix'd I cannot be able to {th}ink of such a contract myself but have desir'd M^r Essington (who has a mill as well as myself, & who is willing to join with me,) to wait on you, in case any thing should

offer before my return. I am Sir your most humble servant

Cha. Parry

^[1] Aprill, 8. 1714