Holograph draft reports, one on the proposals of Tyndal to raise credit on tin, and one on those of Williams to raise the price, following discussions with them

Author: Isaac Newton

Source: MINT 19/3/534, National Archives, Kew, Richmond, Surrey, UK

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  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
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  - 22 March 2017
    - Transcribed by Will Scott
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<534r>

May it please your Lord^p

In obedience to yo^r Lops Reference to us of |1|9^th \of/ Aug last of\upon/ M^r William Tyndals proposals for advancing her Maj^ts Revenue in Relation to the Tinn having discoursed him on that subject, we liked his first or|&| second Proposals |second| be{illeg}|t|t{illeg}|er| \then his third/ upon giving sufficient security to make either of them good till {illeg}|A|ll the Tinn to be received from Cornwal be sold for the whole term: proposed B|b|ut he insisted only upon his 3^d Proposal of making the Tin a fund for transferable credit to be accepted in all the branches {illeg}|of| her Maj^ts {illeg}|R|evenue But|And| upon representing to him that it could not be accepted in those brances {sic} w^ch are setled by Act of Parliament upon public uses, that it could not exceed the value of the Tin in store w^ch was not 30000^li & y^t it interfered with the credit already upon the Tin w^ch was for a much greater summ he acknowledged the first & second of these difficulties & could not tell\satisfy/ us how the third might be avoided. All w^ch &c

In obedience to yo^r Lo^ps Order of Reference of y^e 26^t of Iuly last upon the annexed Proposal of M^r Iohn Williams for disposing of her Maj^ts Tinn spe|e|dily & profitably by raising the price of |it,| we have had several meetings with him to be informed of his proposal & particularly about the Tin brought by the Dutch from the East Indies. But finding M^r Williams could give us no \satisfactory/ account of that Trade, we for o^r better information had a meeting with some of the most considerable East India Merchants, who were all of Opinion contrary to what is alleged in y^e Proposal that great quanti{illeg}|t|y of Tin may be had in the Indies East Indies fit for use &|of| y^t if y^t price of it be raised considerably here, it may be an encouragement to y^t Dutch to import more then at p^rsent. We are also humbly of opinion that it may not only tend to alter the course of {illeg} Trade {but} in Tin but may\will/ also lessen the consumption of Pewter at home & the exportation thereof into other countries.