498-9)

Author: Isaac Newton

Source: MINT 19/3/500-501, National Archives, Kew, Richmond, Surrey, UK

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Related Texts
- This document is a version of:
  'An Acc^t of y^e cost & charges of sending Tynn to Amsterdam & selling it there by commission.' [MINT 19/3/498-9]

<500r>

An Account of the charges of exporting Tyn to be sold in Holland.

Charges paid in England per cwt^{w^t} English

Customes	0.	3.	0
Cocquets, boat hire, searchers fees, wharfage &c	0.	0.	6
Hazzards at sea or ensurance	0.	0.	9
	0.	4.	3

Charges paid in Holland per cwt^{w^t} Dutch

Freight (as in M^r Drummonds Account) 10 styvers per block Averidge 3 styvers per Gilder or 1 $\frac{1}{2}$ styvers per block, Boat hire & loyterage for unlading 2 styvers per block, porterage & housing 2 styvers per block. In all 15 $\frac{1}{2}$ styvers per block, or (if about 7 blocks be recconed to a Tunn) about 5^st $\frac{7}{16}$ per cwt	}	G	s^t	p
	}	0.	5.	7
Customes per cwt		0.	12.	0
$\frac{1}{3}$ Additional Duty		0.	4.	0
Valuation & premium 2 per cent (the valuation scarce equalling the fist cost) about	}	0.	17.	0
Total per cwt^wt Dutch		1.	18.	7

That is per cwt^{w^t} English		1.	18.	14
Which reduced to English weight & english money recconing the Dutch cwt to the Englissh cwt as 110 $\frac{3}{4}$ to 112 & that 10^G 12^st equals 20^s sterling
comes to 3^s. 8^d per cwt English, & this summ added to 4^s 3^d paid in England makes the whole charge 7^s. 11^d per cwt weight English.

It it therefore equal to the Merchant whether he gives 3^li. 16^s. 0^d per cwt weight for Tynn at the Tower or 4. 3^s 11^d

An Account of the charges of sending Tyn to Amsterdam.

Charges paid in England

First cost 3^li. 16^s. Customes 3^s. Cocquets boat hire, searchers fees, wharfage &c 6^d. Hazzards at sea or Ensurance 9^d. Total 4^li, 0^s 3^d per cwt English thhat is 3^li. 19^s. 3^d per 100 Dutch. Which being reduced into Dutch money the rate of 10 Gilders 12 styvers to 20^s sterling amount to 42 Gilders per 100 Dutch weight

Charges paid in Holland

Freight (as in M^r Drummonds account) 10 styvers per block Averidge 3 styvers per Gilder or 1 $\frac{1}{2}$ styvers per block, boat hire & loyterage for unlading 2 styvers per block, porterage & housing 2^st per block. In all 15 $\frac{1}{2}$ styvers per block, or about 5 $\frac{2}{5}$ styvers per cwt. Item Customes per cwt 12^st, $\frac{1}{3}$ Additional Duty 4^st, Valuation & Premium 2 per cent or about 14 16 or 17^st per cwt the valuation being usually to the first cost or a little under.

Total 38^st per 100 Dutch weight, which reduced into English money at 10^G 12^st to 20^s sterling comes to 3^s. 7^d, per 100 Dutch or 3^s 7 $\frac{1}{2}$ per cwt English CCocquets & Custome house fees about 25 or 30 styvers to a parcel

A. Which added to 3. 19. 3 makes the whole charge 4^li. 2^s. 10^d per 100 weight Dutch or 4. 3. 10 $\frac{1}{2}$ per cwt English.

It is therefore equal to the Merchant whether he give in ready money 3^li. 16^s per cwt english weight at the Tower or 4^li 2^s 10^d per 100 Dutch weight at Amsterdam excepting some considerations hereafter mentioned. And therefore if her Majesty should set up an Office to sell at Amsterdam for ready money at a par with the sales in the Tower the price at Amsterdam per cwt weight Dutch <500v> should not exceed 4. 2. 10 turned into Dutch money, Her Majesty bearing the charges of the Office & Warehouse room, & the extraordinary Dutys of the city weigh house. But something may be abated of this price upon these considerations.

1 The Pewterers who factor for forreign merchants in small parcells, can frequently get such parcells to be taken into ships which want ballast, & so save the freight.

2 Though 1 per cent be very low insurance yet Merchants chuse rather to risque it, & will have more reason to do so in times of peace.

3 The merchants for whom the Pewterers factor being generally forreigners, theose that are of Amsterdam can more easily procure favour for themselves in the valuation & premium then Englishmen can do for her Majesty.

4 The Pewterers sell to forreigners upon trust

An Account of the charges of selling Tin in Amsterdam at 45 Gilders per 100 weight Dutch.

	Commission 1 per cent			9
	Brokerage 3^st per 100 weight		0.	3
	Carriage too the city weigh-house & weighing for sale		0.	1 $\frac{1}{2}$
	City Duties $\frac{1}{2}$ per cent		0.	4 $\frac{1}{2}$



	Warehouse room		0.	2 $\frac{1}{2}$
				7
6	Interest of two months forbearance, Allowance for prompt payment, & insurance of the payments	}	1.	5
	Returns of the money		0.	5
			3.	7 $\frac{1}{2}$

Which reduced to English money at 10 Gilders styvers to the pound sterling is 6^s. 4^d per 100 weight Dutch or 6^s 5 per cwt english.

And these added to the former summ 4. 2. 10 & 4. 3. 10 $\frac{1}{2}$ makes the whole charge 4^li. 9^s. 2^d per 100 weight Dutch, or 4. 10. 3 $\frac{1}{2}$ per cwt English.

<501r>

An Account of the charges of sending Tynn to Amsterdam

Charges paid at London per cwt.

First cost per cwt weight	3.	16.	0
Customes	0.	3.	0
Cocquets, boat hire, searchers feeswharfage &c	0.	0.	6
Ensurance	0.	0.	9
Total	4.	0.	3

Which after the rate of 110 $\frac{31}{4}$ pounds Averdupois to the Dutch 100 weight & 10 Gilders 12 stivers to 20^s sterling, comes to 42 Gilders per 100 Dutch weight

Charges paid in Holland.

Freight (as in M^r Drummonds Account) 10 styvers per block. Averidge 3 styvers per Gilder or 1 $\frac{1}{2}$ styver per block. Boat hire & lighterage for unlading 2 styvers per block. Porterage & housing 2 styvers per block In all 15 $\frac{1}{2}$ styvers per block, which is about 5 $\frac{1}{3}$ styvers per 100	}	Gild.	stiv.
	}	0.	5 $\frac{1}{3}$
Customes per 100 weight		0.	12
$\frac{1}{3}$ Additional Duty		0.	4
Valuation & Premium 2 per cent, or about 14, 16 or 17 styvers per 100, the valuation being usually to the first cost or under	}	0.	16 $\frac{1}{3}$
Coquets & Customehouse fees about 25 or 30 stivers to a parcel		0.	0 $\frac{1}{3}$
Total.		1.	18
Charges paid in England		42.	0
Total charge of exportation		42.	18

Charges of selling Tyn in Amsterdam at 45 Gilders per 100.

Commission 1 per cent		0.	9
Warehouse room		0.	2
Brokerage		0.	3
Carriage to the city weigh house & weighing for sale		0.	1 $\frac{1}{2}$
City Duties $\frac{1}{2}$ per cent		0.	4 $\frac{1}{2}$
Interest of two months forbearance, Allowance for payment at the end of that time & ensurance of the payments	}	1.	4
Returns of the money		0.	5
Total		2.	9
Charge of exporting		43.	18
Total charge		46.	7

Therefore the Tyn to reimburse all the charges & hazzards should be sold in Holland for 46 Gilders 7 stivers per 100 Dutch weight

Observations

The Pewterers in London factor upon trust for their correspondents in Holland & some other places, in small parcells of 10 20 30 or 40 blocks in a parcel & find it no very difficult matter to meet with ships which want convenient ballast & the people for whom they factor commonly act for themselves in their own houses shops & warehouses without the charges of commission & brokerage & making three or four returns in a year content themselves with a small profit of one or two per cent in each return, & chuse rather to risque it then be at the charge of ensuring. And the Pewterers sorting the Tin <501v> make some advantage of the grain Tin whereby they can afford to trust & forbear their correspondents abroad. And English Merchants seldom send Tynn into Holland not finding their Account in selling it there by commission.

2. By the above written Account it woul be almost equal to a Merchant of Amsterdam to give 3^li 16^s per cwt Averdupois at the Tower or 43^G 18^st per 100 Dutch weight at Amsterdam paying in ready money, & her Majesty bearing the extraordinary charges of her Office & Warehouse room at Amsterdam & of the city weighhouse. I say almost equal, because the Merchant would desire to save the freight, & chuse to risque it, especially in times of peace

3. Considerable quantities of Tin are sent hence to Roterdam & Bruges & unless something be allowed for the charges of getting it thither from Amsterdam they will still have it from London.

5. When M^r Drummond first proposed to sell Tin by Commission for her Majesty he represented that the price had then been from 45 to 47 Gilders: The late Lord Treasurer put the price at 44 $\frac{1}{2}$ , & M^r Drummond by that price had the whole trade of Holland. This being compared with the Accounts & considerations above written it seems to me that at 44 $\frac{1}{2}$ Gilders M^rs Moulaneers & sons will have the whole market of Holland at 45 Gilders he may have almost the whole market, at 46 he will lost half the market, at 47 he will sell very little. But in a paper of some late sales of Sir H. Furnase they were from 44 $\frac{1}{4}$ to 45 which is lower then in the memorial of M^r Drummond.

4. In the Tower the buyer take the Tyn as it comes to hand without culling. In Holland the buyer is allowed to cull. And this makes the Tin of more value & readier sale before sulling then afterward.

By the above written Account the Merchant can have Tynn housed at Amsterdam for 43 Gilders 18^st besides 14 styvers charges of returning the money. And this puts the price at 44 Gilders 3 styvers in ready money. Add for prompt payment, ,lb/>ensurance of the payments, & two months interest, 1 Gilder 4^st & the price at Amsterdam will be 45 Gilders 7 styvers. But the Merchant would chuse rather to buy at London then pay freight & averige & to risque it then allow 1 per cent insurance at sea especially in times of peace. For which reasons the 7 styvers may be abated.