602-3)

Author: Isaac Newton

Source: MINT 19/2/595, 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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  - 29 January 2017
    - Transcribed by Will Scott, with retrofitting from MINT00287
  - 10 March 2017
    - Checked by Will Scott
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Related Texts
- This document is a version of:
  'Proposals for preserving and encreasing the Coyn of this Kingdome.' Draft of second appendix to MINT00281 (Mint 19/2/78-9) [MINT 19/2/602-3]

<595r>

Proposals for encreasing the Coyn of this Kingdom

The use of Gold & Silver in Cloaths Coaches & Houshold Furniture was forbid in France last March. If Such a law here should be of good consequence but\if {illeg} it/ would difficultly pass for apparrel pass for apparrel If that a {illeg}\But if they it/ should be {sic} thought too general it might suffice to forbid the use of gold & silver in laces & fringes \& {shoi} buckles/ & the guilding upon leather wood & \stone/ plaister excepting letters of gold \& varnish & {basic materials} |&| \other materials then standard ☾ or ☾ finer then sta.//|.| excepting such pieces of work as s{illeg}ly \singly/ exceed not the price of for guilding |not above 6^d a piece for guilding|

All persons going to sea have the liberty are allowed without any restraint to carry on boad|r|d what plate the think fit for their own uses: by w^ch means our money may be\being/ run down into plate &|\may be freely/| exported to the Indies, without any & luxury is encouraged in the King Royal Navy, it growing into fashion for y^e Officers to have great quantities of Plate on board.

In France by an{illeg} for a long time ce{illeg}|r|tain vessels are prohibited \& Vtensils have been forbid/ to be made of gold &|o||r| silver & others are forbid to be made of those metalls of above {illeg}|a| cert{illeg}|a|in weights Particularly all vessels of gold for y^e use of the Table are forbid & so are all other vessels of gold exceeding above\|must not| exceeding {an}/ an ounce in weight. Also Ballisters Cabinets Tables Bure{illeg}|a|us Looking-glasses Andirons, Grates, Orn{illeg}|a|ments of y^e fire or of Chimneys, Candlesticks w^th branches &c are forbidden to be made of silver. Bas{illeg}|{in}|s of silver must not exceed y^e weight of 12 marks, blatters not 8, Trencher plates not 24 marks y^e douzen &c

The like \prohibitions &/ limitations for vessels of China \earthen/ ware would save the nation much money. And so would a general prohibition of Iapan\importing Iapan/ wooden ware

The importation of stained Callico{illeg}|e|s is prohibited, but the|y| painted of them\are stained/ in England increase the{illeg} importation of those Callicoes for w^ch we send silver to the Indies is encreased them w^ch y^e export\& thereby the{illeg} importation is encreased w^ch export{illeg}|a|tion of o^r silver to purchase\of plain Callicoes is encreased./ The staining of them is prohibited in France/ Quære whether the want of them\stained Callicoes/ would not cost the nation\England/ more money in other commodities?

I have head that in France the Est India Merchants are{illeg} enjoyned to export half as much in \French/ commodities as in gold & silver. Such a law in England would promote the exportation of o^r own manufacture & diminish the exportation of gold & silver & thereby bring down the \high/ price of Bullion w^ch occasions the melting down of o^r money|.| for exportation. Such a law would force put the the East India Merchants to some difficulties for a while but in a short time would {illeg}|f|orce their Trade into new Channels more to the nations advantage (thô perhaps less to the Merchants) then those it runs in at p^rsent. \For they \Merchants/ would soon find out ways of vending their goods in China & other places./ I would therefore propose that in lending any East India ship no money\☉ or ☾/ should be coined on boad|r|d till she had one third part of her lading in Eng{illeg}|l|ish commodities & then on a day to be appointed by the Comm^rs of y^e Customes {illeg} twice as much ☉ & ☾ might be in value might be carried on board|.| & no more. {sic} And if any ship wanted of her lading {to} be in ☉ & ☾ complement\defact or remainder/ might be carried on board the next ship of the same Merchant or Company, & sailing to y^e Indies provided it be done within m{illeg}|o|nths after y^e lading of y^e former ship. But no ship should exceed her just lading in money except in making up the defect of a former ship.

<595v>

The {illeg}|incre|ase of o^r coyn is principally hindred by the In|Ea|st India Company buying up all forreign Bullion of silver & some of gold & th for y^e Indies w^thout being obliged to export a proportiona{te}|bl||e| quantity of \English/ commodities. The Old East India company are obliged to|by| exp Patent to export 100000^li ꝑ an in commo{illeg}|d|ities but this Obligation is expiring & perhaps was never well observed & the cargo in goods i{illeg}|s| too small in {purport} to y^e\in/ gold & silver they export is unlimited in proportion to y^e cargo in goods. If they were obliged to export at least half as much in commodities as in ☉ & ☾ it would conduce very much to the Exportation of o^r own manufacture & native product & che y^e exportation of bullion Gold & Silver