172)

Author: Isaac Newton

Source: MINT 19/2/158, National Archives, Kew, Richmond, Surrey, UK

Additional Information
- Notes on the Electronic Edition
  - You are currently reading the diplomatic version of this text. Diplomatic transcriptions offer a detailed representation of the document with minimal editorial intervention. All deletions and additions are rendered in the text and abbreviations have not been expanded. Switching to the normalized view of this text will hide 34 deletions, silently include 32 additions and apply 14 editorial regularizations.
- 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
  - 6 November 2019
    - Transcribed by Kees-Jan Schilt
- Download MINT00315.xml and schema (advanced users only)
Related Texts
- This document is a version of:
  On differences between the customary par and the current rate of exchange between English and French money at Dunkirk, and what proportion of the loss should be born by the Crown [MINT 19/2/172]

<158r>

In the course of Exchange 10 9^£ \nine pounds/ sterling are recconed \in Holland/ at a par w^th 100 Gilders in Holland\specie money of Holland/ or 1^£ with 11 $\frac{1}{9}$ Gilders 11^G 2 $\frac{2}{9}$ stivers. But 1^£ steling {sic}sterling lately passed \in Holland/ only for 10^G & 9 or 10 stivers or at a medium |for| 10^G 9 $\frac{1}{2}$ stivers. The defect is 1210 $\frac{13}{18}$ styvers, whereof her Ma^ty allowed to y^e forces in Flanders {illeg} 5 $\frac{1}{2}$ styvers.

The par between English & French money of y^e new species is not yet setled by the course of Exchange, by|u|t by weight & assay I find that a|n| new\unworn/ French Crown piece \of the new species/ w^ch passes in France \& at Dunkir/ {illeg} for 5 livres is worth 5^s 1^d stel|r|ling & at this rate 20^s English passe is|are| worth 19^livrs 13 $\frac{27}{61}$ sous, b|. B|ut \20^s English/ passes at Dunkirk for only 17 livres. The defect is 2^livres 13 $\frac{27}{61}$ sous {illeg}. And as the defect 12 $\frac{13}{18}$ stivers in the former case to 5 $\frac{1}{2}$ ^st her Majesties \to 5 $\frac{1}{2}$ stivers/ allowance \5 $\frac{1}{2}$ ^st/ in the former case, so is the defect 2 livers $\frac{27}{61}$ 13 $\frac{27}{61}$ sous to\so are/ 2 livres 13 $\frac{27}{61}$ sous to 23{illeg} sous w^ch added to 17 livres makes her Maj her Majesties proportional part of y^e defect.

By this recconing \therefore/ her Maj^ts Allowance to y^e forces at Dunkirk for 20 shillings sterling will\should/ be 19|8| livres 3 sous recconing a French crown new species at 5 livres. But her Ma^ty may increa alter the proportion at pleasure.

When 9^£ sterling are recconed at a par w^th 100 Gilders specie \specie/ \{illeg}/ money\as above/, the specie money of Holland is overvalued by about 3 $\frac{1}{4}$ per cent For a three Gilder piece|s| \new {illeg}t\unworn// is|ar||e| worth only 62 $\frac{3}{4}$ pence by the weight & assay. \And thence 9^£ sterling are intrinsecally worth about 103 $\frac{1}{4}$ Gilders/ And if a recconing was grounded upon this intrinsic value of the Dutch money her Maj^ts allowance over & above 17 livres would be only 15 {illeg} sous. But the rules of Exchange where they are setled being generally followed by all nations I have followed them in the recconing I have set down & being the rules \(as I conceive)/ by w^ch her Ma^ty made the late allowance \to her fo{illeg}|rc|es in Flanders/ I have followed them in the recconning above set down for Dunkirk. I. Newton