487) with variant figures but to the same general effect

Author: Isaac Newton

Source: MINT 19/3/488, National Archives, Kew, Richmond, Surrey, UK

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  Correspondence relating to the tin trade [MINT 19/3/486-7]

<488r>

Incidents, Letters,striking of Talleys & passing acc^ts
I All incidents		940^li	p^r ann.
Insurance		2000	p^r ann.
Interest of about 1800000^liat	6 p^r cent	10800
	5 p^r cent	{illeg}\|90\|00

P^d annually for 1600 tunns of Tin at 3^li 1{illeg}\|0\|^s p^r C s^t w^t	112000
Lond Freight to London about	2000
Salaries including 30^s\|l\| per an to Truro	2890
All incidents in Cornwall & London	940
Insurance	2000
Interest of about 180000^li at 5 p^r cent	9000
	128830
	1670.

Paid annually for 1600 Tuns of Tin at 3^li 10^s
Freight to London
\|Insurance\|	\|1500\|
Salaries including 30^li to Truro	2890
All incidents in Cornwall & London	1000
Total	119533
Interest of 119533^li \advanced/ for a year & an half at 5 p^r cent	8965
Total	128498
Sold annually \|[\|16 /114 $\frac{2}{7}$ \\|]\| 1714 $\frac{2}{7}$ Tunns averdupois at 3^li 16^s p^r {illeg}	130286
Gained by her Ma^ty	18\|7\|88
Sold Sold annually 16000 Tunns {illeg}\|S\|tannary w^t{illeg} at 81 $\frac{3}{7}$ {illeg} p^r Tunn	130285 $\frac{5}{7}$
Gained by her Ma^ty	1788
Rec^d annually from Turo {sic} Cornwall 1600 Devonshire 44\|2\| Tuns	1644
w^ch in y^e 5\|6\| last years amounts to {illeg}3{illeg}\|9854\| Will remain unsold at Christmas 2250 {sold} next 2250 averdup. = 2100 stan. w^t. Sold {illeg}\|s\|ince y^e beginning of the {illeg}2^d year 776\|9\|^c4\|2\|^t {illeg}. {sic} E. in 5 years w^ch is 155{illeg}\|0\| ^{illeg}t^{illeg} per an. Remaining unsold per an {illeg}\|9\|2 Tunns.

In obedience to your Lord^ps Order of Ref. of Nov. 9^th instand|t| of \upon/ the |anne{xed}| \petition of the several/ Gentlemen in Cornwall fo about renewing the contract for Tin we have considered the same & are humbly of opinion that if |t|her Ma^ty shall contract for no \be not made for a/ greater {illeg} quantity of Tin then shall be annuall |y^e| consumption shall annually carry off: her {m}|M|aj^ty {illeg}|may| safely \without loss/ give 3^li 10^s per C stan. w^t, the {sta} Tinners paying the coynage Duty & Post Groats {illeg}|o|r {illeg}|an| equivalent: And by considering the \annual/ consumption {illeg} in this & the three formers contra years\|&| {grownded} the interest of money advanced b upon the Tin |b|is|ei||n|n|g|ot reckoned at \no/ more then 5 p^r cent./ And the consumpt{ion} in this & the three former years am{illeg}|o|unting \at at|a| medium/ to about 15|4|60 {illeg} or 1500 Tunns p^r an s{illeg}|ta|nnary w^t, we are humbly of opinion that the annuall \con{illeg}|sump|tion/ in the next {illeg}|co|ntract in times of war will continue will be much the same in times of war, {illeg}|&| but what it will be in times of pea{illeg}|c|e we have \|hitherto| had/ no experience by w^ch we can make a jugment {sic}. But considering that at present considerable quantities of Tin are coyned \through Holland Germany &\other countries// into France & we are humbly & {sic} Spain the \only two/ coyntres of the enemy \w^th w^ch we have not an open trade,/ & that the consumption of those \two/ countries amounted before the present war amounted only to about Tuns annually: we do not yet see reason to beleive that the consumption in times of peace will amount to more then 1600 Tunns p^r an stannary w^t.

And we are humbly of opinion that y^e consumption annuall consumption of Tin in the next contract will \in times of war/ be much the same that it has been in this & the three former contracts w^ch one year w^th another\last years w^ch at a medium/ has amounted to about 1500 Tunns of Tinn annually\per an stannary w^t/. And|But| what it will be \may prove/ \will be/ in times of peace we cannot affirm in times of pea do not yet know by any experience: but {belt}{illeg}\{illeg}|ar||e| not {illeg}bled to judge by any experience./ \Yet/ considering that Tin is in quantity conveyed through other countries \(& sometimes {illeg} by captures)/ into France & Spain w^thout the only countries w^th w^ch we have not a free trade during the war\at present/ & that the consumption of Tin in those \two/ countries (by the Customes \house books) {sic}/) amounted only to about Tunns per annum befor y^e|the| war began, we are humbly of opin not yet satisfied that in times of peace the consumpti{illeg}|o|n will exceed 1600 Tunns per an.