482)

Author: Isaac Newton

Source: MINT 19/3/484, 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
  - 1 November 2016
    - Transcribed by Will Scott
  - 14 January 2017
    - Checked by Will Scott
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<484r>

M^r Drummond by a warrant Octob. 20 1704 had 400 Tunns of Tin consigned to him & Company at Amsterdam to be disposed of at the best rate not under 44 $\frac{1}{2}$ Guilders per hundred merchant weight of holland for a commission of two per Cent clear of all charges. The charges at home 1242^l. 18^s. 10^d including 1200^li for customes: which is after the rate of 3^s. 1^d $\frac{1}{4}$ per cwt.

The like quantity was consigned to him 8 Iune 1705 on the same terms. The charges at home 1266. 19. 2.

The first parcel by sale produced 330411^gild. 16 stivers = 31467^li. 14^s.

The 2^d parcel produced 332389^gild 18^st = 31456. 3. 7 $\frac{1}{2}$

And recconing 10 $\frac{1}{2}$ ^guilders to a pounds sterling the first produced 3^li 18. 8^d sterling per cwt averdupois. The second produced 3. 19^s. 2^d. clear of all charges These two parcels were sold in about two years, the first in more then a year, the second in less. The Queen lost the interest which she paid for money advanced upon this Tin which came to 1300^li A proposal of M^r Drummond for a third parcel of 400 Tuns being referred to the Officers of the Mint, they drew up a report by which it appeard that the Queen would lose 2000^li & my Lord Treasurer agreed to the Report & directed to the Officers of the Mint to signify to the Merchants that he would send no more Tin abroad by commission.

The 20^th of Feb 1705, M^r Stratford & M^r Freed had 240 Tunns of Tin consignd to them upon the same terms as the former was to m^r Drummond. The charges at home 765^li. 10^s. 8^d. It produced clear of all charges 32264^l. 19^s. 2^d flemish including a loss of 16 blocks of Tin valued at 367. 0. 0 flemish after the rate of 33^s Flemish to a pound sterling. And by consequence 19563. 12. 0 sterling that is after the rate of 4^li 1^s. 6^d per cwt The Queen lost 490^li Flemish interest & 16 blocks valued at 367^li Flemish, in all 857^li Flemish = 519^li. 8^s – sterling which is after the rate of 2^s 2^d per cwt.

M^r Stratford reccons that